10, April 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

In the lights of the ECB officials report, that they do not see the deflation threat, and now it is not the time for a quantitative easing, the EUR/USD gained 0.4 % at the end of the day. On the one hand, these comments have become the norm - a guide for European monetary regulator has not paid attention to the inflationary pressure in the region for several months. On the other hand, the officials spend verbal interventions, aimed at the euro rate reducing to start the price stability process in the euro area. However, in practice, we see that instead of a strong decline there is a swing movement from side to side.

The GBP/USD pair demonstrated a strong growth. The UK industrial production report that was published yesterday became the main driver of the growth. The final figure was 0.9 % on a monthly basis, which is by 0.6 % better than the median of the forecast was. The “bulls” have rushed to open the long positions, as a result the British flew to the new heights.

BOJ warmed “bears” a speculative interest for the pair USD/JPY. As it was expected, the monetary-credit policy remained unchanged. During the press-conference the prospects of the Japanese economy assessment in the new fiscal year was increased, as well as, the inexpedient incentives increase was stated. The investors took these comments negatively and hurried to open the short positions. The strong fall down befell the Japanese stock market.