With ups and downs, but with some firmness in the last hours, the recovery of European currencies against the dollar continues, which still falls, now more slowly, on all fronts.
The euro, following the major indexes in Europe, returning to operating profit during the meeting on Thursday, managed to overcome, for now in a transitional area, to consolidate its short-term uptrend.
In the daily charts, the price has also passed a bass line, although this break, which occurred on Wednesday, will probably not find a strong upward velocity, given that in the very short term, and imposes a correction to the contrary.
However, the single currency is moving away from its minimum of 16 months hit on Monday on the Asian session, and without much difficulty could reach 1.30 during the day on Thursday afternoon, American, or on Friday.
The currencies linked to oil are also greatly enforced. The Canadian dollar seems once again to reach parity against the dollar, while the Mexican peso collapsed and the support of 13.30 in the last hours, a value which will violate sustainably.
Meanwhile, a very negative jobs report in Australia put a break on the Aussie. It went well beyond 1.04, but got stuck at that level now, having learned that in December, nearly 30,000 jobs were lost in the country.
The New Zealand dollar also goes through a hard day. Retail inflation data which was lower than expected changed its short-term uptrend, at present a downward correction is seen.
From a fundamental standpoint, discussions between the government of Greece and various private creditors who must respond in the short term, added to the retail inflation data and to weekly jobless requests, both in the U.S. to 8:30 EST. At 10:00 the index will be published in the Philadelphia Fed lately with little or no impact on prices, and 10:30, the weekly oil inventories.
For Greece, returning again to the issue of that it has many unfulfilled agreements, it is difficult to believe in a sustainable solution, it is speculated that during the weekend favorable resolution to the debt problem can be reached.