19, December 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The market continues to be cautious – we could observe major currencies consolidation within fairly narrow ranges. As a result of divergent movements of the last session, the dollar strengthened slightly versus the pound, it fell vs. the yen and recorded a neutral position in the dispute with the euro. The euro stability helped positive economic data and frustration against the pound were caused by lower than it was forecasted the UK inflation and BoE M.Karni's statements precluding any BoE policy tightening in the near future.

U.S. economic data reflected the ambiguity of the processes occurring in the economy which can be treated in two ways as a factor of influence on the monetary policy future.

However, as we can see no one take an advantage of the situation.