The EUR/USD during the trading session on Thursday declined. The euro exchange rate began to fall back from their maximum values achieved after comments from Fed chairman Bernanke. The focus of the players was a weekly report on the U.S. labor market, analysts forecast a decline in applications for unemployment benefits. However, the report of the Ministry of Labor showed that the number of initial claims for unemployment benefits rose and reached 360K. And although the data were worse than expected, released the report has increased the pressure on the single currency, EUR/USD pair dropped to 1.3005 . Not having enough strength to this level is broken, the dollar began to lose its positions. By the end of the pair EUR/USD was trading at 1.3100 mark, which apparently will be playing the role of resistance in the near future, support is at 1.3000 . Important news for couples today will be the publication of data on industrial production in the euro zone, analysts predict the declining trend.
Japanese yen shows mixed results against the U.S. announcement of the outcome of the reason for this two-day meeting. The Bank of Japan raised its assessment of the economic situation in the country, saying that the economy is starting to recover moderately. For traders, the important fact was that the Bank of Japan has confirmed its intention to continue the qualitative and the quantitative easing monetary policy to achieve the inflation target of 2 %. For the USD/JPY pair is the continuation of the upward trend, the level of 98.50 looks like support and we believe that it is possible to open the buy position from this level with the least risk. Although the pair is trading below 100 yen to the dollar, we expect a further reduction of the currency pair USD/JPY.
AUD/USD pair showed the strong decline on Thursday, it was due to the release of unemployment data. Statistics have shown mixed results, but the overall unemployment rate in Australia rose to 5.7 %. The fall is also due to the achievement of resistance at 0.93, a drop pair was so strong that the support at the level of 0.92 did not have any effect, as a result of AUD/USD dropped to the field of support at 0.91 . The ultimate target of the pair AUD/USD remains a level of 0.90 . Today, Friday the pair will be limited to resistance at 0.92, traders should watch when the pair approach the level of 0.91, for that would be willing to sell it at the breakdown.
