EUR/USD (a 4-hour chart)
In the last trading day of last week the U.S. currency managed to strengthen versus the most of its major European competitors and seriously weakened versus the yen. Amid Eurozone and the USA empty macroeconomic calendar the Euro has set a fresh weekly maximum at the level 1.3738 in the first half of the day. Investors fixed profit on short positions in the cross rate EUR/GBP that was positive for the EUR/USD.
After the American trading session was open sales on leading world stock exchanges intensified: output from risky assets traditionally leads to the growth of the American currency, so the trading day the EUR/USD pair closed at the level 1.3677. The GBP/USD throughout the trading week showed a good quotations growth rate, but on Friday that positive trend stopped.
A report from the British bank association on the mortgage portfolio for December was worse than the forecasts that with a technical overbought led to its sales. The Bank of England Governor’s comments put pressure on the British currency as well. Mark Carney said that the economy would go a long way before those basic rates would be increased.
Having overcome the 66th and the 65th figures trades on the pound/dollar ended at the level 1.6560.
USD/JPY declined for the second day. There were no any interesting reports. Quotations dynamics of the dollar/yen pair absolutely repeated the trading course on stock exchanges. Futures on the Nikkei 225 showed the minimum values for the past two months that led to a growth of short positions and strengthening of the Japanese yen respectively. The trading day on the USD/JPY pair closed at the level 102.30.