18, February 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

Last trading day of the week was marked by the weakening U.S. currency. Euro zone published positive release for Q4 GDP. It came out better than the forecasts at around 0.3 % q/q, nevertheless a very modest figure points to weak economic currency bloc growth. The pair EUR/USD has responded to these data a moderate rise to the level 1.3714, but then in the U.S. trading session amid rising consumer sentiment index from the University of Michigan - quotes fallen below 37 figures and trading day ended at around 1.3720.

The pair GBP/USD stopped growing. The Bank of England positive comments on the future development of the economy support the demand for British currency. A good Michigan consumer confidence report could not stop the "bulls". The pair bounced back having ended the trading day at around 1.6715.

The Japanese yen was able to strengthen its position regarding to the U.S. dollar on the last day of the week. Amid the empty macroeconomic calendar investors focused on the stock market trading dynamics.