27, February 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

On the eve the U.S. currency weakened versus its major counterparts. The pair EUR/USD on a daily basis added symbolic 0.1% on weak data on the consumer confidence in the United States. The figure came at around 78.1, which is significantly worse than the market expectations. Negative report from the Conference Board may indicate a continuation of negative trends in many sectors of the U.S. economy in February. The world's leading stock indexes also reacted positively to the weak report on the consumer confidence in the United States. The "Bulls" in the stock markets are still hoping that the slowdown in the U.S. economy in the 1st quarter of the current could force the FED to take a break in reducing incentives.

The pair GBP/USD during the day was under pressure. The mortgage lending and the retail sales CBI reports have pleased investors by good data. The economy of the United Kingdom continues to show the steady recovery that supports the demand for British currency versus the U.S. dollar.

The Japanese yen strengthened versus the dollar. After a growth in the stock markets quotations reduction was observed. The consumer confidence negative report from the Conference Board helped "bears" push down the quotes further.