28, May 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The new trading week is fairly quiet Forex market. The UK and in the U.S. banking institutions were closed, and against this background major pairs currency volatility has significantly decreased. The EUR/USD on a daily basis put on weight 0.15 %, demonstrating a technical correction. Mario Draghi said that the monetary regulator would not allow the inflation to remain too low for a long time.

It was also stated that the European consumer spending restrains his expecting lower price and it increases the risks to price region stability. These negative comments were ignored by investors during the day and the euro/dollar enjoyed moderate demand.

The GBP/USD trading was quietly enough during the day. On the background of low liquidity it was difficult to count on the volatility.