Apparently, the dollar could possibly develop its success for this day. In the middle of the day, the lending data in Europe will show a slowdown in growth from 2.5% to 2.4%. In case of zero interest rate and activity in the quantitative easing program, the slowdown in the growth rate of lending clearly indicates a pessimistic state of the economy. And the data on S&P / Case Shiller for housing prices in the United States will be issued closer to the evening. It is expected that the growth rate of housing prices will accelerate from 5.9% to 6.1%, which is quite possible in light of yesterday's data on new home sales. Meanwhile, macroeconomic statistics clearly favor the dollar.
After the euro/dollar currency pair reached the value of 1.1960 and moved into the correction stage which is quite expected after the recent rally. Probably, it is assumed for a primary movement towards the periodic level of 1.1860.
The pound/dollar currency pair shows fluctuations near the 1.3350 mark and moves to the periodic resistance level. It is possible to assume that the quotation will attempt again to roll back towards the value of 1.3300, where it will feel support.
* The presented market analysis is informative and does not constitute a guide to the transaction.
