29, August 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

Fluctuations of pairs of the latter half of the week are more active and in some opposition the directed activity was observed. It is obvious the cause is the geopolitical events connected with a situation in Syria that against remaining poor an economic calendar became a major factor of the influence. As a result euro decreased yesterday against dollar and yen, but it was recorded a profit against pound.

Data on economy of the States were within forecasts, or even better than expectations, still they did not have any impact on the market. Housing prices in June continued to grow in the largest cities of the USA, a price index from S& P/Case-Shiller showed growing for 20 megalopolises for 12.1% of g/g thus that expectations were reduced to emergence of figure +12.2% of y/y.

Optimistic data of the report of FRS of Richmond said that the index of the current conditions for business in production sector in August had jumped up to 14 with-11 in July, and subindexes of orders and the employment, allowing to judge about prospects, recorded +16 with-15 and +6 against 0 earlier, respectively.