23, June 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The other day we saw the U.S. currency weakening against its major rivals again, as the DXY dollar index basket finished the trading day at around 80.32. The EUR/USD in the first half of the day got stronger against the U.S. Federal Reserve decision to not change the monetary - credit policy in early 2015. At the moment the price reached the level 1.3643 and then the US positive static and Initial Jobless Claims publication investors closed long positions. The Initial Jobless Claims came out slightly better than the median forecast.

The British pound shows volatility- despite the negative macroeconomic statistics on the retail sales in May the GBP/USD has set a fresh high for the past 5 years. The Fed decision to keep the rates at low levels for a long time after the QE-3 program is over outweighed all the negative factors and during the day we could see the pound steady growth against the U.S. counterpart.

Despite the stock markets growth - the "bulls" did not hurry to open long positions in the USD/JPY. The demand for the pair returned only after the price drop to around 101.73 and we could observe it in the 102 figure recovery area. Certainly, The FOMC spoiled the dollar "sentiment", which wasn’t in a hurry to strengthen against the yen.