There is a paradox in the Forex market for several days in a row. Yesterday the "black gold" set a fresh five year low according to the both standard grades amid the US crude oil reserves increase. In this regard, the German 10-year bond yields fell down to the record low level of 0.672%, but the pair EUR/USD was able to finish the trading day with the price increase by 0.55%. Even the October industrial production decline by 0.8% in France did not stop bulls. However, the pair decreased on yesterday trades.
The pair GBP/USD was traded during the day within the range of 1.5646 -1.5718. The National Statistics office has published the UK release for October - the trade deficit was reduced, but the final figure came out worse than the forecasted medians. In the first half of the day the British pound was under pressure, but after the London session closure we observed demand for "cable".
The sentiment indicator among the Japanese industrial producers in the fourth quarter showed an increase to the level of 8.1 that is significantly worse than traders had expected who predicted a rise to 13.1 points. Nevertheless, in terms of technical recession this release can be considered as positive. On Wednesday we again observed sales on the world's leading stock markets that cheered bears on opening short positions within the pair USD/JPY. The pair closed with a slight growth yesterday session.