06 February 2014
The first month of 2014 year had come to the end, so it's time to summarize trading results and underline the most important events of January.
The U.S. Fed continued to taper stimulatibg program QE-3 and this fact had a negative influence on EUR/USD pair. CPI report for Europe published at the end of the month showed a decrease down to 0.7%, this way indicating the threat of deflation. Because of these negative factors, EUR/USD pair remained under pressure and finished the month at the point of 1.3486.
Over January British currency moderately had been decreasing against its US rival. The unemployment rate declined down to 7.1%, which encouarged "bulls" to open long positions. The situation changed after the announcement of the British regulator that there is no need to raise interest rates since unemployment rate had reached target level of 7%. Investors took this information negatively, and during remaining time of the month price had been going down. Having lost 0.85%, month's trading finished at the point of 1.6438.
In the first month of the year it was a decrease in quotations of USD/JPY. There was a meeting of the Bank of Japan on January 22. No change in monetary policy was declared and it disappointed "bulls" trading with this pair. Investors' leave from risky assets led to a decline on leading global stock exchanges, which was also a negative factor for growth of the pair USD/JPY. At the end of a month Japanese yen added 3.2% and finished trading at 102.02.
Below we offer you to have a look at the results of “FreshForex” clients trading in January:
We remind that you can find the most important figures regarding company's operation in "Facts and figures" section of our web-site.
Wish you successful trading!
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