24, April 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

Having returned after the Easter holidays - investors actively started to work. The EUR/USD grew amid the demand for shares on the world's leading stock exchange markets.

Appetite for risk is quite high which resulted in a whole series of purchases in the stock market. Moderately positive data on home sales in the secondary market in the U.S. chastened "bulls" - in March had dropped to 0.2%, instead of the expected 1.1%.

Another report shows the world leading economy recovery after the winter slump that will support the U.S. currency in the medium term. In the light of this the market participants took profits on long positions.

The GBP/USD trading was in an uptrend direction. Investors still act out how to improve the labor market in the UK that supports the demand for the pound. After the U.S. real estate good report the market in the GBP/USD is consolidating.

USD/JPY has remained under pressure amid the Japanese stock market sales. The quotations reached 102.41 at the moment. After the American participants came to the market - the demand for the dollar strengthened against the backdrop of a moderately positive statistics on the real estate market in the United States.