On Thursday, the market continues to consolidate , despite a day earlier published data according to preliminary estimates the number of new jobs created in January. According to estimates of the agency ADP, the number of new jobs is not even reached the level of 180 thousand expected by analysts , and it turned out to 5 thousand less than expected . Foreign exchange market did not react to a significant decrease in this indicator . Apparently players prefer to wait for the official statistics, which will be published next Friday , and act according to circumstances .
Today, in turn, gave players another interesting news. So , the EU is planning to consider the possibility of increasing maturity Greece with its debt and reduce the interest rate debt. According to economists, the repayment period can be extended by almost half. Such news would seem to have had much to cheer bidders , but this did not happen . It seems that the market currently lacks a serious driver for growth. Well, maybe an event such as the opening of the Olympic Games to inspire players some positive wave , and we finally see the long-awaited end of the correction , which is now observed in all world markets.
Technical Analysis.
USD/CAD
Lateral movement of the pair USD / CAD 1.1050 levels between 1.11 and continues until the couple can not break through the resistance or support to resume what or movement. CCI and MACD oscillators are trading higher today, giving a buy signal pairs. Cascade of moving averages is almost on par with a pair of quotes. Today we follow the old advice- purchases above $ 1.11 and sales below 1.1050. Targets for purchases- resistance levels 1.1150 and 1.12, stop below 1.1050. Sales targets for the levels of 1.0985 and 1.0925 support. Stop the sale should be above 1.11 resistance.
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