Bidding on Thursday ended with the growth of the U.S. currency. Currencies began to decline against the U.S. dollar in anticipation of the Fed minutes later after reports decline intensified since statements of the members of the committee supported the national currency. The main news was that the beginning to minimize the program to purchase assets may begin as early as this year. Market participants also expect news about the negotiations with regard to politicians «shutdown» government, this situation is still the main topic in the media.
The European currency fell against the minutes of the Federal Reserve, which supported the dollar. The EUR/USD for the day went more than 100 points, in the end, closed at 1.3525 . Not successfully arranged the breakdown level of 1.3600 pointed to the inability of the bulls to lead on a pair of EUR/USD, and the balance of power has shifted to the bears. At the moment, the euro continues to decline and is trading near support at 1.3500 . Although the couple and dropping rapidly, the Bears will meet resistance in 1.3500 - 1.3450, it's possible the emergence of lateral movement. The European currency fell despite the positive data on industrial production in Germany, which showed a growth, reaching 1.4 % in September. Today, the focus of traders and investors data on the U.S. labor market and later speech by ECB President Draghi M, which will undoubtedly lead the market in motion.
The currency pair GBP/USD dropped significantly, the cause is weak data from the United Kingdom. Despite the increase in the forecast for GDP growth, market participants disappointed industrial production data. The British pound fell below 1.6000 and reached 1.5910 . Support for the pair GBP/USD is at 1.5900 - 1.5880 . Today will block news on the pound, in the case of positive data and forecasts from the Bank of England GBP/USD pair can recover their losses. Otherwise, the pressure on the pair could push the British pound in a deep hole, the bottom of which will be located at the level of 1.55. Do not expect changes in the monetary policy of the Bank of England, as UK economy though has performed well in recent years, is still vulnerable and its recovery is undoubtedly in need of fixing.
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