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

January 16, 2017
U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017
Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...
January 13, 2017
The dollar is trading softer into the London open
Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...

FxPro Rating
HotForex Rating
Trade360 Rating
Grand Capital Rating
Orbex Rating
Fort Financial Services Rating

Porter Finance Rating
Banc De Binary Rating
OptionRally Rating
24option Rating
TopOption Rating
Binary Brokerz Rating