13, June 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The single currency has slowed its decrease against the U.S. counterpart. The EUR/USD lost symbolic 0.1% yesterday. In the absence of important macroeconomic statistics from the EU and the U.S. – that’s why traders did not hurry to open positions.

The UK April positive unemployment report has supported the demand for the GBP/USD. The index went slightly better than the forecasts at 6.6%. The Average Earnings Index in April showed a value 0.7%, the lowest level since March 2013. This factor is negative for the inflation growth and the UK inflation is below the target level 2% now.

The USD/JPY traders received the first "wake-up call" from Japan - the BSI for large manufacturers in the second quarter showed a decrease to the level -13.9, which is the lowest in the last 11 quarters. This negative release casts doubt optimistic statements by the Bank of Japan about the prospects for economic growth. Against this backdrop, there were sales on the stock exchange in Tokyo, which in turn put pressured the pair.