EUR/USD (a 4-hour chart)
The investors continue to look with optimism at the U.S. currency. The EUR/USD lost 0.10% - in spite the fact that it was a short-term oversold the "bulls" could not take control. Even the negative statistics from the U.S. ADP employment and the trade balance did not reassure "bulls" to long. After the ISM services sector positive release there were sales. The total figure came at around 56.3, which is the maximum value over the past 8 months and confirms the U.S. economy strong growth in the second quarter.
The GBP/USD has been showing a "swing" for three consecutive days - "bulls" and "bears" cannot determine the winner. The UK Services PMI in May though was better than the forecast; nonetheless it showed a decrease compared with the previous months that did not give the British currency a strong support. The United States Statistics also failed to show to market participants the direction - two of four important reports came in the negative area and other two in the positive one.
The U.S. stock index S & P500 sets new and new historical high which supports the demand for shares in the Japanese stock markets. In the light of this we were witnessing the USD/JPY pair quotations growth. The states demonstrated mixed newsflow– the reports from ADP and the trade balance went worse then the forecast was while investors were pleased with the services sector ISM. The ISM employment also showed a growth in the second spring month, indicating a possible exit data on Non-Farm slightly better than expected.