24, February 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The U.S. currency strengthened versus its major competitors. The pair EUR/USD remained under the pressure amid the industrial PMI weak reports in Germany and France. German general indicator showed minimum values for the last 8 months, which led to the sale of the single European. The inflation in the United States came in line with expectations of market participants, allowing the euro/dollar partially recover lost ground and finished trading at around 1.3800.

The pair GBP/USD in the first half of the day lowered on the back empty macroeconomic calendar. Weak U.S. data on applications for unemployment benefits and the consumer price index for January, in conjunction with the short-term "oversold" helped to recover the British currency. Lost on the day 0.2%, trading day ended at 1.6600.

The pair USD/JPY was in a lateral movement. Trading news disappointed investors, showing a significant increase of the negative balance. Net exports markedly declined in January, which is negative for an economic growth in Japan.

However, a drop in prices did not allow the "bulls" confidently take the game into their own hands and in the morning, the yen strengthened to 101.66. In the afternoon, with a growth of the world's leading stock markets - there was an increase in quotations of the pair dollar/yen trading day and ended at around 102.50.