26, February 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

Earlier this week, the "bulls" and "bears" actively attacked each other on major pairs. The pair EUR/USD showed a growth in the first half of the day amid a positive report from the IFO on business activity in Germany. After a series of weak reports from leading Euro zone’s economy the IFO release was as "balm for the soul" for investors.

The inflation reduction in the UK continues to put pressure on the British currency, however, the current levels are interested only for buying.

The pair USD/JPY completely copied the dynamics of trading on the world's leading stock exchanges as Japan and the U.S. are expected to publish meaningful reports - bidders for the pair USD/JPY followed sentiment in the equity markets.

In the first half of the day he pair USD/JPY fell to the support level 102.16 on the Nikkei 22 negative dynamics. In the afternoon, investors' appetite for risk has significantly increased and the U.S. broad market index S&P500 set a fresh historic high.