Yesterday’s Trading:
On Tuesday the EUR/USD spent the day close to the LB at 1.1380. The euro fell from a maximum of 1.1410 to 1.1354. By hitting the LB, the euro/dollar switched into a sideways movement which will last for 14 hours.

Yesterday’s Trading:
By the end of Thursday the euro had strengthened against the US dollar. The path from 1.1235 to 1.1326 was difficult since a lot of important events were planned for the FOREX market on that day (ECB, BoE and Fed minutes).

Yesterday’s Trading:
On Tuesday the euro/dollar renewed from 1.1171 to 1.1278. No important US macroeconomic data came out. The ECB’s Mario Draghi didn’t mention monetary policy in his speech. I believe that a fall in the USD was provoked by the Canadian dollar which has been strengthening with the price of oil. Brent is up 5.6% to 52.15 USD. The commodities market has reacted positively to OPEC General Secretary Abdallah Salem el-Badri’s speech in which he mentioned the readiness of OPEC’s 21 member states to meet other oil producer states to discuss global oil prices.