The majority of currencies showed the growth by the end of Tuesday. The U.S. dollar continues to lose ground. Mostly market fluctuations happen under the influence of the economic data and financial news. Comments on monetary policy of the U.S. made by the Federal Reserve System officials make us to reconsider the possibility for the purchase of assets volume reduction. Many members, such as Head of the Federal Reserve Bank of New York William Dudley and Head of the Federal Reserve Bank of Philadelphia Charles Plosser, noted the improvement of the overall economic situation, where the labor market is the most reliable which is recovering step by step. Without any doubt this situation indicates that the cease of the QE program could begun earlier than it was expected by the majority of analysts - in the first six months of 2014.

Monday for most currencies ended the strengthening of the U.S. dollar. Against the general trend of moving European currency rebounded slightly after a significant fall. So far, there is a reduction in long positions in risky assets and currencies, market participants expressed a preference for the dollar.

Remarkable ended Thursday. News and economic data have had a significant impact on the market, especially in the European currency. The European Central Bank surprised most market participants. How to interpret the events occurred and what impact they will have on the market in the future, read below.

The first trading day of the week ended growth of the major currencies. In the first place, growth was corrective in nature after a strong strengthening of the U.S. dollar. Support for currencies and economic data had. News on the euro were better than analysts' expectations, or in line with forecasts, data from the UK, namely the sentiment index in the construction sector has also increased. But factory orders declined in America, which has a negative impact on the U.S. currency. The important news is that lowering the forecast for GDP growth in the United States, the agency Standard&Poor's believes that the growth in the 4th quarter of the first economy does not exceed the value of 1.6 %.

With the opening of trading on Monday, the major currencies traded unchanged. Trading in the markets held moderate and calm, no sudden and violent movements. In general, Monday began with its characteristic features - low volume, liquidity, and no hint of volatility. It's worth noting that the forex market is an interesting situation, such currencies as the euro, British pound, Australian dollar quite differently traded against the U.S. dollar, in other words, the correlation inherent in these currencies, has disappeared and now every couple can be considered as a multi-directional assets.

Trading session on Wednesday ended lower for most currencies against the U.S. dollar. Quotes reduction was of corrective in nature, and now many currency pair rebounded and reached new highs. Today on Thursday came the news block on the volume and the peripheral Eurozone countries. In the evening, market participants expected data on the economic state of the United States, namely, data on the trade balance, sales of new buildings and unemployment benefits. Most likely, the economic indicators will have a mixed performance, greater attention should be paid to data on the labor market and the housing market.

On Tuesday proved to be quite active, strong movements were on the pair EUR/USD, this was due to the publication of economic data. The analytical separation of banks were generous predictions that ultimately allows us to look at the market from different angles. Overall, the situation in the markets remains the same, the focus of the U.S. problems.

Foreign exchange market continues to be in limbo, and most currencies are traded restrained in their ranges. American problem, it seems, will soon be resolved, at least, President Barack Obama intends to meet with officials to take final action to save the country from a technical default.

Bidding on Thursday for most currencies ended at zero. To a large extent this is due to the uncertain market situation. In the absence of clear signals, the forex market is subject to a greater degree of technical factors. An important event was the speech of yesterday Mario Draghi, who said that the Central Bank will continue to adhere to loose monetary policy, economic recovery will proceed at a moderate pace. Influenced the trading had data on unemployment in the United States, applications for benefits rose to 374000, these values had a negative impact on the dollar, because were worse than analysts' forecasts.

The market is still the focus on the problems of the United States associated with the adoption of the budget. Delay of the issue, of course, hurts the U.S. economy is under pressure and the U.S. currency - the dollar. However, little progress is still there, the House Democrats made ??concessions, agreeing to reduce costs, before they were against it. President Obama has also agreed to a dialogue with the Republicans, but only after the debt limit will be raised.

Foreign exchange market is demonstrating a significant increase in risky assets. The U.S. dollar has fallen dramatically due to the fact that the Senate had voted against the draft budget of the country. Also operates a market led economic data relating to countries such as the UK, Australia and the components of the Eurozone countries - Italy, Spain, Germany. The mood of investors and traders indicate an increased willingness to speculation, which is fraught with high volatility, and because there is still news section of the United States.

In the forex market the U.S. currency came under pressure again. To a greater extent on the decline of the dollar had economic data from the eurozone and the U.S. . Such dynamics is justified, the U.S. dollar has a tendency to decrease after the FED protocols, and soon it will hardly change. Market participants are looking for other assets for investment, bypassing the U.S. dollar side.

At the end of Monday, the dollar could strengthen against the euro. However, against most other currencies, the U.S. dollar showed a decline. Drivers movements became economic data for the euro area, also on the bidding influenced Draghi speech, Lockhart and Dudley. Negative for the U.S. currency were negative performance index of business activity in the industry, it's possible to gain a foothold in such currencies as the British pound and the Australian dollar.

Bidding on Wednesday was centered around all of the expected event - the FED meeting. In summary minutes of the meeting, called the large-scale sale of the U.S. dollar. Virtually all of the major currencies against the dollar has lost its value in an average of 200 points, which is a little more somewhere a little less. The main effect of the markets had a statement by the committee to refrain from reducing the monthly volume of purchases of assets, its value remains at around 85 billion dollars. It was also decided to wait for a stronger strengthening of the U.S. economy, for starters change the policy of quantitative easing.

The dynamics of trading on the foreign exchange market shows the mood of the market, the major currencies traded in a small range, which indicates the position of the majority of expectant players. The sharp weakening of the U.S. dollar on Monday, not continued, the U.S., as well as other currencies, traded kept no signs of purposeful movement. Market, we can say waited protocols FED meeting, which will take place this week, on Wednesday.

Dollar declines slowed. On Thursday, the U.S. dollar managed to rise slightly against other major currencies. The European currency, the British pound showed a slight decrease, showed a significant drop in the Australian dollar.

The European currency after weeks of growth, for the first time on Thursday lost in its value against the U.S. dollar. Now the pair EUR/USD fell below 1.33 and it looks like is going to fall further. Recall report on industrial production in the euro area was worse than analysts' expectations, which also plays in favor of the euro. As can be seen from the graph of the pair EUR/USD failed to consolidate above the level of 1.33, this is also a factor in the weakness of the single currency. On the other hand trading on Friday often exhibit sliding motion, the euro last week rose by nearly 150 points, and market participants are likely to fix their profits, which ultimately reflected in the reduction of EUR/USD.

Tuesday ended with the growth of the major currencies, the dollar declines. Contrary to the reduced demand for the dollar, the Japanese yen declined significantly against the U.S. currency. The British pound and the Australian dollar is under pressure as traded in the field of resistance.

Unexpected event on Monday was the weakening of the U.S. dollar. Analysts point to several reasons influenced the dynamics of the U.S. currency. The first of these was the revision of the GDP of France. The Central Bank of France has increased its forecast to 0.2 % growth in the coming quarters. The other, also the fundamental reason is the fear of investors about the program of quantitative easing, which many expected in September.

By the end of Thursday the dollar after a pause, continued its growth. The U.S. currency strengthened on positive economic data. Under pressure was not only the single currency, but other major currencies such as the British pound, Australian dollar, Swiss franc and Japanese yen. Today, on Friday also waiting for data on the U.S. labor market, which will add to the volatility of the market.

After a long decline, the European currency on Thursday showed growth. Economic data from the U.S. were better than analysts' forecasts, but even that could not keep the euro from rising. Today is full of statistics and their market will not be able to ignore. The Bank of England, the discount rate in the euro area and the UK, the ECB press conference, the data on the U.S. labor market. All market participants are waiting for these data, because by their results will be judged on the short term, the major currencies - the euro, the dollar and the pound.

Monday was an important day for the market, largely due to the fact that the attention of traders focused on European currency and it's rival the dollar. Despite the decline in the euro against currencies such as the British pound and Australian dollar U.S. dollar showed a decline. This is likely to affect positive economic data from Australia and the UK.

Bidding took place on Thursday in anticipation of economic data on U.S. GDP and unemployment in Germany. The U.S. dollar continued to build positions and steadily rising against most currencies. Support for the U.S. currency was better than expected GDP data, weak unemployment figures in Germany also played into the hands of the dollar. Euro, of course, reacted badly and has demonstrated a strong daily decline, other currencies also fell against the dollar, but to a much lesser extent.

Bidding on Wednesday took place on the territory of the U.S. dollar. The U.S. currency has shown a steady growth against major currencies. Analysts attributed the causes of increasing dollar Syrian conflict, we can not disagree with this, but nevertheless we believe that the rise in the dollar due to the economic condition of the United States, as well as reinforced by the growth of stock market indices.

Currency movements on Monday close to zero values. As expected, we observed a low activity in the market, which has resulted in the absence of strong vibrations. Virtually all of the major currency pairs remained inside their daily ranges. Even the economic data from the U.S., which were worse than analysts' forecasts, failed to give the dynamics of the market.

Trading on the foreign exchange market on Thursday ended on a positive note for the dollar. The U.S. currency was able to consolidate and demonstrated significant gains against major currencies. The whole day was held for the participants of the market in anticipation of the FED meeting minutes. Who also played in favor of the U.S. dollar.

In the currency market on Monday movement of quotations was mixed. The U.S. dollar continued to fall against the British pound, but, nevertheless, managed to strengthen relative to the Australian dollar. With respect to the euro dollar ended the afternoon session virtually unchanged. The reason for the low activity in the market are undoubtedly the low trading volumes, which are peculiar to Monday, and the absence of any significant news. On the economic data today, and it will not be any surprises. We can only state the facts.


The British pound rose above the level of 1.55 . The main drivers of growth were the MPC protocol and data on the labor market. After yesterday's publication of the UK economic data, opinions, currency analysts leading banks on the future of the pound was divided. We present some of them:

Last week was one of the worst in recent memory. This negative trend is mainly connected with positive economic data, which come from Germany, Britain and other countries in the Eurozone. On Friday, the euro fell against the dollar, retreating from a seven-week high. To reduce the EUR/USD had a couple of reasons - profit at the end of the week after prolonged growth, the beginning of a possible correction and reduction of positions in anticipation of the publication of data on euro area GDP. Currently the pair is reduced and approaches the level of 1.3300, which is a support, a break of this level will open the way to 1.3200 . Euro back to the area below the downtrend line, which in the future may well be that the momentum for a deeper decline, and the basis for a new long-term decline for the pair EUR/USD.

During the last session with the U.S. dollar fell against major currencies against the data on the reduction of the trade deficit. As shown by recent data that has been provided by the Ministry of Commerce, by the end of June the volume of U.S. exports increased significantly, showing with the highest rate in nearly a year, a sign of strong demand from the world economy. The news put pressure on the dollar was a statement by the President of Federal Reserve Bank of Atlanta, D. Lockhart, who noted that the application for decommissioning program of bond purchases may be made at any of the meetings of the Federal Reserve System, planned for 2013, including those at the meeting on the results of which are not scheduled press conference. Support for EUR/USD pair had submitted a report on Germany, which was much better than expected. As a result, the pair managed to grow in the 1.33 resistance area, and even a little higher, the euro has stalled there and at the moment EUR/USD is trading around the level of 1.33 .

Wednesday market was waiting for news on the U.S. economy and, of course the same, the publication of minutes FOMC. Economic data provided strong support for the dollar, resulting in other currencies fell markedly against the U.S. dollar.