29, November 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The other day “bulls” and “bears" could not identify the winner in a person duel. Positive data on consumer climate in Germany supported the European currency quotes. The euro/dollar managed to grow to the level 1.3612 - but the fuel for growth was over on this and the downward movement in the market was observed.

We got mixed news from the United States. Durable Goods Orders turned out worse than expected. Initial Jobless Claims and the indicator of consumer confidence from the University of Michigan - came out better than the median of forecasts.

GBP/USD pleased market participants with the strong growth. The investors reacted positively to the growth of consumer spending, which are an important part of the economy and, after a strong resistance break from1.6255; British currency soared to a mark 1.6329. However, investors have reacted very emotionally to the data from England and at the U.S.A. trading sessions have been observed the depreciation of “cable”.

The bidders in the absence of macroeconomic releases at the pair dollar/yen focused on the dynamics of trading at the stock markets. The growth of the futures on index Nikkei 225 increased the demand for the dollar at this pair. During the day, quotes rose above 102 pieces without much resistance and it could be concluded that importers are hedged for case of the USD / JPY pair rise.