Termination of the UK's membership in the European Union and the consequences of this event are temporarily took a back seat, as investors' attention has shifted to a possible extension by the Bank of Japan of stimulating measures. Thus the British pound held next another week is holding on from further decline against the US dollar, trading above the psychological level of 1.3000. Published data on the labor market of the United Kingdom have shown employment growth and falling unemployment rate, which was able to support it, but it did not contribute to the growth of above 33rd figure. Bears can again test the level of 1.3000.
Expectations of action by the Japanese central bank forced investors to get rid of long positions in the yen, against which it was trading mostly with a negative attitude in tandem with the US dollar and in the crosses with other currencies. As a result of growth against the yen, dollar reached resistance in the area of 107.50, which, along with the break of a number of levels allows us to speak about situation improvement in the pair. However, the Bank of Japan may again disappoint bears on the yen, refraining from any actions, that may well bring her back into the mainstream of the uptrend.
Last week, was held a meeting of the European Central Bank. Its decision to leave the interest rate and the volume of asset purchases unchanged was expected, so any special reaction to the event was not followed. President of the bank of Mario Draghi at the press conference is also did not give a reason for the active sales or purchases of the euro, which in tandem with the dollar continued to trade after the event within the psychological level of 1.1000. But, under the influence of other factors, the euro on Friday broke through this level and finished the week down to support of 1.0955. Its prospects remain negative, the next bears can test the support of 08 th figure, that should be considered by the IAFT traders. BlogLinks
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