May 13: American session
Tatiana Norkina , an analyst at FBS
The U.S. dollar strengthened before the advent of European statistics today. According to the report of the Centre for European Economic Research economic expectations in Europe fell to 55.2 points in the past month, while analysts expected growth to 63.5. However, the appearance of weak data on U.S. retail sales (0.1 % vs. 0.4%) weighed on the dollar index, which now adds only 0.17 %. However, the positive trend continues.
U.S. stock indexes grow as well. So, DJIA gained 0.20 % at the opening, S & P500 gained 0.26%.
The appearance of this data set foreign exchange markets in motion, which came out of a short-term outset. The EUR/USD broke yesterday's 1.3750-1.3770 support, falling to 1.3700 figure, but it is currently trading at 1.3720. USD/CHF jumped to 0.8910, but then corrected to the level of 0.8880. Currency pair GBP/USD updated yesterday's lows, falling to 1.6825 support. Bulls come on the USD/JPY market: Despite the pullback to 102.00 from 102.35 today's high, the pair pulled back to 102.25.