Foreign exchange market was closed on Thursday in different directions, such currencies as the euro and the pound showed an increase against the U.S. dollar, the Australian dollar closed in the neutral zone. Impact on the market to provide economic data from Europe and America, who were going out for the day. Today is also expected saturated news block.
The EUR/USD finished trading on Thursday near the 1.3800 level. Growth in the euro contributed to the data released by the U.S., as it turned out, the figures were weak and below expectations of market participants and analysts. The index of business activity in the manufacturing sector fell to 51.1 . Analysts had expected a decline in applications for unemployment benefits to 341 thousand, actually figure dropped to only 350 thousand As a result, the U.S. currency was under pressure, buying euro strengthened. Today EUR/USD is trading above 1.3800 and continues its upward movement. Impact on the course of trade may have data on the business climate in Germany, as well as expected later data on orders for durable goods in the United States. Analysts predict the growth of these indicators. Support for EUR/USD is at 1.3800 which will keep the euro from falling. Heading north for the European currency until there are no barriers, a substantial pair might find resistance at 1.40 .
The currency pair GBP/USD rose during the day against the dollar weakness. Today the pound has already tested the 1.6250 resistance, but was unable to break through and fell back to the level of 1.6200 . Now the British pound traded higher, break of 1.6250 will move GBP/USD on the level of 1.6300 . Today, there are data on the UK's GDP, analysts expect the growth rate, if the forecast is correct, then the British pound will receive support and strength to break through the level of 1.6250 .
Australian dollar after prolonged growth began to decline. The third consecutive day quotes pair AUD/USD falling. The Australian was the level of 0.96, and is likely to be aimed at support in the 0.95. Level of 0.95 will be decisive for the AUD/USD, it will reduce the chances of breaking through the continuation of the upward movement, and the pair will drift back into range. From the technical viewpoint seems reasonable level of 0.95 area for shopping with minimum risk, when the current reduction correction is renewed trend can pick up a pair of level 0.98 .
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