July 11: American Session
Tatiana Norkina, analyst at FBS
U.S. dollar index is once again showing positive dynamics today, adding about 0.10% by now. However, a report on administration of US budget is expected to appear later, and high volatility is possible. Stock markets are captured by bearish moods. Thus, DJIA is losing about 0.20%, S&P500 - 0.10%.
Currency pairs are consolidating in narrow ranges. The EUR/USD pair, after testing 1.3620, has returned to the 1.3590 support. GBP/USD is declining in the 1.7110 area. The USD/CHF currency pair has failed to break through the 0.8930 resistance, which has been supressing the bulls advance for the past three days. Meanwhile, the USD/JPY pair is moving in the flat in the 101.20-101.35 range.