The most popular currency pair trades on the American market on Friday, on the 12th of September, 2014, continues to trade within a horizontal price range 1.2858-1.2962 formed on Tuesday.

Positive statistics for the euro area, that entered the first half of the day, did not contribute to the strengthening of the euro against the dollar.

Current account balance of France moved closer to positive territory with - 7.20 billion euro to -2.20 billion euro.

The consumer price index (CPI) of Spain rose from -0.9 percent to 0.2 percent.

Changes in employment in the euro area showed growth at a 0.1 percent to 0.2 percent in the second quarter.

Consumer Price Index (CPI) of Italy remained at 0.2 percent last month.

Euro zone industrial production rose from -0.3 percent to 1.0 percent.

Nevertheless, euro rate only set a new local maximum at around 1.2955 in today's trading, and without making the breakthrough of the range.

At the bidding of American session on the economy of the USA was received the expected statistics. According to the report Consensus Bureau United States, retail sales index remained at 0.3 percent in August. Given the vehicles index rose from 0.3 percent to 0.6 percent, as economists forecasted.

But according to such news dollar strengthened just slightly against the euro to 1.2908.

However, the currency went back to 1.2935 area mark in the second part of the American session.

What economic data was published in the midst of the American session today, experts of the financial and analytical department of the Forex Broker Company XM have found out, told this to reporters of network edition "Market Leader".

Consumer confidence rises in Michigan

In the midst of American trading market participants received statistics on the level of consumer confidence in economic activity. Index of Michigan Confidence continues to rise for the second month in a row. Leading indicator that predicts consumer spending and is part of the economic activity, grew from 82.5 points to 84.6 points in August. Economists expected the index to rise to 83.3 points.

The final index of consumer sentiment of University of Michigan rose from 71.3 points to 75.6 points, while the forecast of economists was 73.0 points.

The currency pair EUR/USD an the end of the week

The three-day flat is continuing for the currency pair EUR / USD. On the hourly timeframe of considered graphic horizontal band was formed on Tuesday peaks of "bullish" wave 1.2858-1.2962. With the level of 1.2882 to 1.2955 marks formed the second "bullish" wave that does meet the criteria of a correctional wave for "bear" movement 1.2962-1.2882. "This flat is a reference range, the true output of which may indicate a short-term outlook for the financial instrument" – tell the experts of Masterforex-V World Academy http://www.masterforex-v.com/. It is most likely continuation of the "bearish" trend.