18, November 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The U.S. Dollar suspended its falling on Thursday as Yellen did not say anything new in her speech. The dollar fell versus the pound, but rose versus the yen, euro and Australian dollar. Euro stopped the 3-day growth amid slowing economic growth in the 3rd quarter. The pound rose despite the weak report on retail sales. The yen fell amid weak data on the growth of the Japanese economy for the third quarter.

The US Unemployment Claim fell by 2 thousand to 339 thousand, while everyone expected the fall by 11 thousand to 330 thousand.

Euro slowed down a 3-day growth on Thursday and fell slightly after the publication of the first estimate GDP for the third quarter. The European economy grew by 0.1 %. Germany GDP grew by 0.3 % q/q and in Italy by 0.1 %. At the same time, France GDP unexpectedly fell in Q3 by 0.1 %, although the changes were not expected.

Pound ignored the weak report on retail sales and kept growing for the second day. Retail sales in the UK fell in October by 0.7 %, while the changes were not expected.