18, December 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

Major dollar competitors strengthened their position. However, very strong growth of the European, British and Japanese currency was not observed. Mixed news came from euro-zone on ISM. Nevertheless, the "bulls" were able to grow quotes to reach the level 1.3798. However, the psychological level 1.38 stood on the positive data for the industrial production at the U.S., which showed the maximum increase for the last 12 months. "Bears" took the game into their hands and managed to omit the quotation marks to 1.3742.

GBP/USD spent the beginning of the week in a narrow corridor. There were no data on important macroeconomic statistics from the UK. The positive report on industrial production at the U.S., lightly added optimism to "bears" that could move the British currency below 63rd figure. The positive data on the index of activity at the large manufacturers Tankan sector for the 4th quarter could not add optimism to "bulls" to open new long positions at the pair dollar/yen. Reduced stock index Nikkei 225 pulled down the dollar/yen quotes, which fell in the moment to the mark 102.62.