15, November 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The euro fell amid weak data on industrial production in the euro-zone and fell after ECB's Praet’s statements - but then regained all the losses and even grew. Industrial production output in the euro-zone fell more than it was forecasted in September - by 0.5 %, with an expected decline by 0.3 %. ECB's Praet that the negative interest rate on deposits and assets purchase - a possible measures if needed to stimulate the economy and economic growth.

The dollar fell more after the publication of the text Yellen's speech before the Senate. Janet Yellen stated that the Fed should support the economy with stimulus measures. To support an economic recovery today is the best way for the Fed to return to a more normal politics, and the Fed has much to do to strengthen the financial system - she said.

The pound rose significantly after the publication of a positive report on the labor market, and following BOE Inflation Report. Claimant Count Change fell in October by 41.7 million, although everyone expected decrease by only 30 thousand from 7.7 % in August to 7.6 % in September; it is the lowest level for more than 4 years. Claimant Count Rate fell in October to its lowest level since January 2009, 3.9%, compared with 4 % in September.