23, December 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The market seems not to have decided what the destination to choose after the Fed's decision to phase out its program. Anyway, the latest events push the view that investors still pond over the situation and are in no hurry to make any conclusion.

It is possible that the weak activity is caused by approaching holidays which will begin early next week. As a result of latest trading the dollar only slightly strengthened versus the pound and the euro and the yen gave a neutral result, having been closed at opening prices.

We won't have much news today. As statistics showed, the Non Farm Payrolls rose to 379 million versus 369 thousand of the previous, though waiting for cuts to 336 thousand, sales of U.S. housing market dropped in November to its lowest level.