There was a multidirectional movement the other day. Most of the day the pair EUR/USD was under pressure amid the lower energy prices. Against this background, the German 10- year bond yields again set a fresh historic low. However, after the services sector ISM negative release bulls started to increase long positions. In December, the non-manufacturing sector business climate index fell to the level of 56.2, indicating the economic growth slowdown.
The pair GBP/USD once again came under a sales wave after the Markit Economics publication. The service sector PMI report came out worse than traders had expected, the average quarterly value was the lowest in 2014. This factor, along with the trade and balance of payments weak data indicates the economic growth slowdown for the 4th quarter in the UK.
The pair USD/JPY pair is in the bulls’ power. They took the initiative from the bears. Earlier the US weak macroeconomic statistics accelerated the US stock market sales that caused demand for safe assets - the Japanese yen. It should also be noted the US and Japan 10-year bond yields reduction that is a bearish signal.