The greenback is softer at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) off by 0.18% on the session. The FOMC interest rate decision was central focus today with the central bank maintaining its pledge to keep rates anchored through 2014 while giving a slightly more upbeat assessment of the economy.

SINGAPORE -- Oil prices hovered below $104 a barrel Monday in Asia after a report showed Chinese manufacturing may be improving, easing concerns that economic growth could slow sharply.

The British Pound Sterling is traded downward at the Forex currency market on Friday, due to several factors. Market has already exhaustedthe Greek subject, it also matters that it is the end of the week now.

At the Forex currency market the Australian Dollar rate is traded smoothly with no deviations to either direction.

Forex forecast: MACD indicator for the pair AUD/USD is going up in the positive area, while volumes are high, and is giving a buy signal. Stochastic Oscillator has come back to the overbought zone and is giving a similar signal.

Forex recommendations: in case of breakdown at the level of 1.0700, the pair will go to 1.0710 and 1.0730. . Correction is highly possible.

Data released this morning showed that aggregate activity index Aig in the service sector increased to 51.9 points in January (+2.9 points) against growth of 1.3 points a month earlier. The index has been growing for the third month in a row, while major growth in activity is related to households.

Nevertheless, AiG noted in the comments that revival in the index took place only in three out of nine components of the index. Statistics released today showed that activity index in the manufacturing sector of Australia rose by 1.4% in January, to 51.6 points, as per AI GROUP estimates.

At the Forex currency market the Australian Dollar rate is traded sluggishly upward at the end of the week as activity in high risky currencies is decreasing at the end of the week.

At the Forex currency market the Japanese Yen rate is trade dupward on Friday. Market temporarily distracted from the idea of globaleconomic collapse which immediately affected trades.

At the Forex currency market the Canadian dollar rate continues to lose positions in the middle of the week.

Forex forecast: MACD indicator for the pair USD/CAD is going down in the negative area and is giving a sell signal. Stochastic Oscillator continues to decline in the neutral zone and is giving a similar signal.

At the Forex currency market the Australian Dollar rate suspended its decline for a while as external background stabilized slightly after yesterday?s panic.

At the Forex currency market the New Zealand rate is growing moderately taking advantage of the stable external background and the decision of the Reserve Bank of New Zealand.

The British Pound Sterling rateis traded slightly downward at the Forex currency market on Monday due to mixedsentiment at the world financial platforms.

Forex forecast: MACD indicator for the pairGDP/USD has broken through the signal line from top to bottom last week, and istraded in the negative area, giving a sell signal. Stochastic Oscillator goesdown in the neutral zone, giving a similar signal.

At the Forex currency market the British Pound Sterling rate is traded with minimal deviation on Thursday.

The pair EUR/USD keeps on growing at the Forex currency market on Thursday morning, continuing yesterday?s trend.

By 9.15 Moscow time the Euro is at 1.3461 against yesterday?s closing level of 1.3432.

At the Forex currency market the Japanese Yen rate weakens again on Thursday after two sessions of growth this week. Medium -term channel for the pair is still uncertain due to ambiguous external factors. Meanwhile, demand for the JPY as a protective currency is minimal.

The pair EUR/USD is traded slightly upward at the Forex currency market on Monday morning.

Earlier, euro saw a bit of a tentative rally in Forex trading, gaining a little ground against the US dollar. Now, though, all of that momentum is gone, and euro is heading lower.
Indeed, euro has dipped below the 1.3500 mark, heading down through another psychological barrier as the situation in the eurozone continues to be dire. So far, the installation of Mario Monti as Prime Minister andFinance Minister in Italy hasn’t stemmed the tide of negativity. He has a number of challenges to overcome, and they are unlikely to go away anytime soon.
The earlier rally was helped along by the ECB‘s decision to purchase Italian, Portuguese and Spanish bonds in an attempt to slow the rising bond yields. However, the move was only temporarily successful.