23 July: American session
Tatiana Norkina, an analyst at FBS
There are mixed feelings in the markets today in early U.S. session. Yesterday's strong growth in the dollar has been transformed into a protracted outset in the absence of important economic indicators. The dollar index remains in 80.85 (-0.01%), but with some probability of further recovery. Trading in the stock markets opened in opposite directions. Thus DJIAna is currently losing 0.15% and S & P500, on the contrary, adds about +0.20%.
The similar situation is spotted in the currency markets - trades are conducted relatively quietly. The EUR / USD is consolidating in the range of 1.3455-1.3470. Obviously, the pair remains under bearish pressure. The USD / CHF currency pair updated its maximum of 10 pips, reaching the 0.9030 level, but then went under the figure of 0.9020. The USD / JPY is trading below the Ichimoku cloud time, in the area of 101.40, which gives grounds to predict its imminent decline to the 101.20 figure. The GBP / USD, pulled out of the common context sfter M.Carney's speech and a number of negative statistics having been released, collapsed to the 1.7030 support area. Bulls are trying to regain lost ground, but the major bearish trend still remains in force.