There is not much news on the Friday's European session . The dollar, which fell slightly against other major currencies during the late U.S. session on Thursday, regained its positions, but still rmains controversial without aby signs of losing a bearish movement.
Only the British pound comes stands aside of this picture remaining dynamic and slowly growing, confirming a figure below the uptrend formed in the evening, after the price of a bankrupt cross downtrend line on 4H timeframe.
A similar picture allows the AUD / USD pair to cross this line, as it indicates a slight bullish movement. First of all it is necessary to pass through the strong resistance level 1.0560 in order to maintain an upward movement.
Data from the U.S. which shows that the economic recovery of the country becomes stronger, gives more confidence to investors. Dow Jones closed at 13,252 on Thursday, 76 points, 0.44% from Wednesday.
But the situation with the foreign currency is still complicated. The euro seemed to subside a few days ago when the Greek situation became untenable, and somewhat has gone back in time when countries like Spain and Italy had to pay high prices to make the credit markets.
This situation became more stable and coins went into a stage of pause without creating unsustainable trends on intraday charts.
The clearest example is the Canadian dollar: it has left a very narrow price range since last Friday amid the employment data from the U.S.. Of course its main reference, oil, does not present significant changes.
This sense of stability, in turn, is a respite for the yen. JPY is heading for its sixth consecutive week of falling, which is a clear sign that investors are turning to riskier assets than the stable yen.
Today's news agenda include consumer price index in USA at 8:30 Eastern, 9:15 on the index of industrial production and capacity utilization, and 9:55, the preliminary consumer confidence index, the University of Michigan.
