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1 Apr 2014
Session Recap: Guess what was EUR/USD quarterly performance as it tests 1.3800
FXStreet (San Francisco) - The currency market just ignored the ugly eurozone CPI that fell to its lowest level since 2009 at 0.5% and Janet Yellen’s comments that the Fed doesn't have any hurry to finish its stimulus; then the EUR/USD climbed to test 1.3800 area throughout the session.
After trading around the 1.3800 area, the EUR/USD declined back to close around 1.3770, 0.17% positive on the day. The pair posted daily high at 1.3910 and a low of 1.3722. "With the market waiting for ECB on Thursday and US NFP on Friday, there are little chances of a directional break in the upcoming 48 hours but the choppy trading within range may continue," comments Valeria Bednarik from FXStreet.com
On the monthly basis, the EUR/USD posted losses after peaking to 1.3965 on March 13; however the decline was minimal as the pair closed the month just 20 pips down from March 1 open. Quarterly performance, or YTD as you wish, was even smaller as the pair opened the year at 1.3776.
The GBP/JPU advanced for sixth straight day as it closed at 1.6660. The pair closed the month with losses as it could hold 1.6750 level; however it posted quarterly gains as it opened the year at 1.6570.
The USD/JPY rallied for third day as it traded at highest since March 7 at 103.45 to follow a consolidation phase to 103.20. The pair closed the month on positive while the quarter performed a big decline from 105.25 opening price.
Main headlines in the American session
Canadian GDP rises 0.5% in January
US Chicago Purchasing Managers' Index came in at 55.9 disappointing forecasts (58.5) in March
Yellen: Economy to need extraordinary support for some time
US Dallas Fed Manufacturing Business Index rose from previous 0.3 to 4.9 in March
First Quarter ends with a mixed market
After trading around the 1.3800 area, the EUR/USD declined back to close around 1.3770, 0.17% positive on the day. The pair posted daily high at 1.3910 and a low of 1.3722. "With the market waiting for ECB on Thursday and US NFP on Friday, there are little chances of a directional break in the upcoming 48 hours but the choppy trading within range may continue," comments Valeria Bednarik from FXStreet.com
On the monthly basis, the EUR/USD posted losses after peaking to 1.3965 on March 13; however the decline was minimal as the pair closed the month just 20 pips down from March 1 open. Quarterly performance, or YTD as you wish, was even smaller as the pair opened the year at 1.3776.
The GBP/JPU advanced for sixth straight day as it closed at 1.6660. The pair closed the month with losses as it could hold 1.6750 level; however it posted quarterly gains as it opened the year at 1.6570.
The USD/JPY rallied for third day as it traded at highest since March 7 at 103.45 to follow a consolidation phase to 103.20. The pair closed the month on positive while the quarter performed a big decline from 105.25 opening price.
Main headlines in the American session
Canadian GDP rises 0.5% in January
US Chicago Purchasing Managers' Index came in at 55.9 disappointing forecasts (58.5) in March
Yellen: Economy to need extraordinary support for some time
US Dallas Fed Manufacturing Business Index rose from previous 0.3 to 4.9 in March
First Quarter ends with a mixed market