EUR/USD (a 4-hour chart)
End of the last week was under the sign of the dollar weakening versus its major competitors. The reason was the retail sales weak report in the United States in January. It was around -0.4%, which is the lowest since the last 18 months. This release confirms the fears of many investors about the weak recovery of the world's largest economy. The cross-rate EUR/GBP correction alongside with a weak report on U.S. retail sales – pushed up EUR/USD and the pair ended the trading day at around 1.3690.
GBP/USD continued its growth updating the maximum values in January. Investors continued to regain the positive comments of the Bank of England on economic growth for 2014 and the future increase in interest rates in the second quarter of 2015. In addition, data from the U.S. retail trade and the statement on the dole disappointed investors and the British currency only strengthened in the U.S. trading session.
The trading day the pair GBP/USD closed at 1.6745.
In the first half of the day USD/JPY declined amid falling stock futures on the Nikkei 225. On the background of empty macroeconomic calendar from Japan - investors focused on the reports from the U.S.. Releases for retail and jobless claims disappointed "bulls" and after the publication of data the pair continued to fall to the level 101.69.