Aug. 26: American Session
Tatiana Norkina, analyst at FBS
American trading session has opened relatively calmly today. US dollar index has decreased slightly (to -0.10%) after release of quite weak data on orders for durable goods (-0.8%, instead of the forecast 0.5%).
Stock markets are showing a slight increase. DJIA index is adding about 0.21%, S&P500 - 0.17%.
Currency markets are consolidating on yesterday's levels. Thus, the EUR/USD pair is still trading below the 1.3200 figure. The GBP/USD pair has once again come up to 1.6600, but the bulls are having difficulty breaking through the level. USD/CHF is recovering to the 0.9160 resistance and the bulls have an opportunity to resume the uptrend. Bearish pressure is as well being felt on the USD/JPY currency pair which has remained under the 104.00 figure today.