EUR/USD (a 4-hour chart)
There was a volatile dynamics of quotes on major currency pairs at the market yesterday. EUR/USD declined in the second half of the day amid the weak industrial production data for the euro area in December and a strong decrease in the cross-rate euro/pound on 1.2 %. That reduction EUR/GBP pulled it down in the European currency versus U.S. dollar. However, the support level 1.3575 resisted and trading day ended at around 1.3593. The Bank of England has published an inflation quarterly report. This event is always of great interest to investors. British regulator increased its economic growth estimate of the United Kingdom from 2.8 % to 3.4 % in 2014. It was also indicated by the approximate date of a possible rise in interest rates - in April 2015. "Bulls" faced the message data to cheer and there was a strong growth of quotations GBP/USD during the day.
In Asian trading session, a report on the change in the volume of orders for machinery and equipment in Japan in December was published. Data came out worse than median forecasts were that points to the future decline in industrial production in January. Historically, the negative data on orders for machinery and equipment lead to the growth of the Japanese yen and in the first half of the day there was a decrease in quotations of dollar / yen.
Australian dollar close to the highs of the year on the Chinese data, but then declined, lost all growth. China's trade surplus reached in January $31.9 billion - the highest level since January of 2009, exceeding expectations at $ 23.7 billion. China's exports and imports increased, being significantly better than the average analyst estimates.