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As expected, the market stood still yesterday. Even the data on consumer lending in the United States, which fell from $17.5 billion to $17.1 billion, could not wake up the market participants.
To be honest, it will not be much fun today, although there is a whole plead of the representatives of the Federal Commission on Open Market Operations. It is Jerome Powell who had to keep as much as the first word. However, the topic of all presentations concerns the stress tests of the banking system and has nothing to do with the refinancing rate. It is unlikely that even hints at the regulator's plans regarding monetary policy will be heard. Moreover, the text of the minutes of the meeting of the Federal Commission on Open Market Operations, as well as data on inflation, will be published this week. After all of these wonderful and interesting news, Jerome Powell, himself, is destined to appear before the bright eyes of congressmen. However, the dollar will continue to stand still today and slightly strengthen its position as the number of open vacancies should increase by 30 thousand. However, this very strengthening will be so weak that almost no one will see it. Hence, many traders will continue to sleep peacefully.
After the Friday rally, the euro/dollar currency pair went down to the area of 1.1200, where it formed a sluggish fluctuation in the form of stagnation. It is likely to assume that there may still be a slight decrease in the area of 1.1190-1.1180, followed by another slowdown.
Once again, the pound/dollar currency pair descended to the level of 1.2500, where she felt a foothold and formed a stagnation with the preservation of bearish interest. It is likely to assume that the downward interest is still preserved, which directs the quotation towards the value of 1.2450.
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