EUR/USD (a 4-hour chart)
The US dollar grew sharply on Wednesday as a shelter against speculation of the American military operation in Syria. As a reserve currency, USD became stronger against the main competitors, but the pound was inspired with speech of the head of Bank of England Mark Carney. Gold was consolidated above area 1400, and closed with +0.21% on 1 417.20. Share indexes of the USA spent the first positive day for the last 3, receiving a food from the energy companies.
The markets remain nervous as uncertainty of a situation in Syria and expectation when the West will begin military operations, put pressure upon investors. During Asian and European trade assets correlated with risk decreased while traditional assets shelters continued to become stronger throughout the biggest part of the week. The yen, dollar and Swiss franc - all of them answered with strong growth especially against Asian and raw currencies while stock markets fell in Asia and Europe. The European data were lower, than it was expected, and it probably helped to lower Euro, and it fell to 1.3350 after rather well carried out last and at the beginning of this week.
At the American session there was an insignificant turn of traders’ moods, so shares began to trade in a positive territory, partly because of a rise in prices for oil. Unfavorable data on sales of new houses once again set investors thinking that narrowing of FRS depends on data, and any of negativity in figures compel some investors to curtail expectations when and on how many FRS will be narrowed.