Fundamental analysis for May 19, 2015

May 19, 2015

The US dollar was supported - the dollar index basket (USX) finished the trading day at the mark of 93.29. The pair EUR/USD increased after the US industrial production and consumer confidence weak macroeconomic statistics publication from the University of Michigan. At the end of the day the pair decreased.

The pair GBP/USD finished the trading day in the negative territory - quotations declined amid the profit taking on the long positions after the eight- days’ quotations growth.

The winner in the bears and the bulls’ dispute within the pair USD/JPY were the bulls. The upward trend in the world leading stock markets is supported by the dollar demand and at the moment quotations reached the mark of 119.95, but after the US negative reports the Japanese yen was able to recover lost ground. Then the pair grew again.

Taking into account the US industrial production and consumer confidence negative macroeconomic statistics– we cannot count on the US dollar strong growth.

Publication source
Fort Financial Services information  Fort Financial Services reviews

December 9, 2016
Euro slips as ECB extends QE by 9-months
The single currency was weaker after the European Central Bank decided yesterday that it would continue with its bond purchases program. The ECB extended its QE plans from March 2017 to the end of the year...
December 9, 2016
The global stock market rally
The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher...
December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...

HotForex Rating
XTB Rating
FBS Rating
 FXTM Rating
FXCM Rating
HYCM Rating

Porter Finance Rating
OptionFair Rating
TopOption Rating
OptionsXO Rating
Grand Option Rating
OptionBit Rating