May 27: American session
Tatiana Norkina, FBS analyst
Strong growth of index "CB Consumer Trust" strengthened market sentiments and contributed to a very positive image of the major U.S. stock exchanges. Thus, DJIA added immediately about 0.50%, while the S&P500 - 0.60%. Also the dollar index increases - more than 0.20% - exceeding the 80.50 mark.
In currency markets, there is also strengthening of American against major world currencies. Thus, EUR/USD pair dropped to minimums of the last two days - 1.3615; currency pair GBP/USD had fallen to the strong support of 1.6800, after a day of testing the level of 1.6880. At the same time, the dollar strengthened against the franc, the pair USD/CHF has established a new maximum for the last two weeks, recovering to 0.8975 area. The currency pair USD/JPY finally broke the resistance figures 102.00 - trades are now held in the area of 102.10.