06, March 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

Vladimir Putin’s comments that there is no need to use the army to resolve the conflict with Ukraine - cheered "bulls" that supported the demand for the single European currency to the level 1.3781. However, the growth stopped here and there was a euro/dollar decrease in the end of the trading day.

The pair GBP/USD was in demand at the beginning of the European session amid the rising stock in world markets. However, a weak report on the construction sector PMI for February chastened the "bulls" - the total value was 62.6, what to 1 point worse than the median forecast. Despite the growth of mortgage lending in the last report, the negative factor for the construction sector became a bad weather conditions in February. In general, the results of the day the pair pound/dollar added 0.1.

The pair USD/JPY showed a positive trend, adding up 0.8 % of the day and closed trading at around 102.25. In the absence of interesting reports from Japan and the U.S., investors turned their attention to the stock market, where after the "Black Monday" we saw an increase in quotes amid quite on the geopolitical front. In addition, low levels of the pair dollar/yen are attractive to generate a long-term long position that is also favorable for the U.S. dollar.