May 1st: American session
Tatiana Norkina, an analyst at FBS
Statistical data on the U.S. economy was mixed today. So, weekly statistics on applications for unemployment benefits were much worse than expected: 344 thousand vs. 319 thousand. In the same time, personal expenses of Americans increased by 0.9 % instead of the expected growth of 0.6 %. This indicates a positive trend in the U.S. economy, which allowed to strengthen the dollar index. However, the main intrigue of the markets will persist until tomorrow, when it will be published non-farm payrolls for April. Very positive data is expected. Today, the percentage change of the dollar index is near zero. The stock market is also at zero level.
Currency pairs are waiting. Thus, the pair EUR/USD is consolidating in 1.3870, GBP/USD is again restored to the figure of 1.6900.
Currency para USD/CHF stopped at 0.8790 and USD/JPY slowly grew to 102.35 resistance.