Aug. 22: American Session
Tatiana Norkina, analyst at FBS
The US dollar index has slightly decreased before the speech of Chair of FRB Board of Governors J. Yellen, to 82.20, from today's high of 82.30, but the positive trend is still observed. We would like to remind that a little later, at 22:30 GMT+3, they expect a speech of ECB President M. Dragi which may affect the course of trading as well.
Stock markets are in the red zone today: DJIA is losing about 0.11%, S&P500 - 0.15%.
Currency markets are consolidating at the extremes. The EUR/USD was sliding to the 1.3255 level, but returned to the 1.3270 mark at the session opening. The GBP/USD currency pair is trading in the 1.6570-1.6590 range. Bears may increase the pressure in the near future. USD/CHF has tested the 0.9100 figure, but then rebounded to 0.9120. The USD/JPY currency pair has adjusted to the 103.50 mark, when the bullish sentiment prevailed on the market. At the moment, the pair is returning to the highs around 103.80.