Current trend Following significant decline at the middle of last week, the pair EUR/USD has been trading near support level of 1.3515. The decline was caused by weak data on ZEW business sentiment index in Germany and EUfor July. The pair fails to consolidate below this level because of lack of drivers
Current trend On Thursday the price of the currency pair USD/JPY has reached the weekly lows at the level of 101.08. The decline was provoked by the data on American real estate market, which was below expectations. The number of approvals to construct has increased by 0.963 million; the number of housing starts rose by 0.893 million.
Current trend The pair demonstrated rather high volatility during last week. At the beginning last week the pair was in the ascending channel, going above the level of 0.9400
Current trend The currency pair GBP/USD continues to trade in the sideways channel of 1.7170-1.7100. At yesterday’s meeting the Bank of England did not make any changes in the monetary policy: interest rate was left at the level of 0.5%
Current trend On Thursday the currency pair AUD/USD significantly weakened. The Australian currency was under strong pressure from the data on Australian labour market
Current trend On Wednesday the price of the currency pair NZD/USD has reached the three-year highs at the level of 0.8836. The rise was caused by the minutes of the meeting of the US FOMC in June, which indicated that interest rates would be left at the low levels for a long time.
Current trend The pair GBP/USD has not been able to break down resistance level of 1.7170 for the second consecutive week.
Current trend Today the pair USD/JPY is undergoing correction after two-day fall when the pair lost over 70 points. The Yen was supported by the positive statistics on the payment balance, which increased by 522.8 billion yen in May. At the moment the American currency is strengthening even despite positive preliminary data on the volume orders for industrial equipment.
Current trend This week the price of the pair EUR/USD has been growing, undergoing correction after the significant decline, caused by the data on the US labour market for June.
Current trend The currency pair GBP/USD started this week trading in the narrow range of 1.7167-1.7107. Investors are still very cautious in anticipation of the key event of this week- the meeting of the Bank of England.