Fundamental analysis for May 26, 2015

May 26, 2015

The US dollar finished the last week on a positive note. The new week for the dollar also began with its consolidation. The core inflation indicator (Core CPI) came out 0.1% better than traders had expected which increased the demand for the US dollar. There has been the US trend reversal and during summer we may expect new USDX highs. Against this negative background the pairs EUR/USD and GBP/USD had decreased and consolidated by the end the day.

The Bank of Japan announced its monetary policy meeting results, still the market was not surprised. The stimulating base remained at the same level while the GDP forecast was raised up by 1% for the current year. At the moment the pair USD/JPY reached the level of 120.65, but after the US inflation data output bulls were able to bring the situation under control. As a result, the trading day ended with a slight correction after the quotations growth.

In this context, during this week we may expect the downtrend continuation. The previous day was marked by the calm trading amid the lack of important macroeconomic statistics publication as well as the banking weekend on the occasion of t he Germany, the UK and the US public holidays.

Publication source
Fort Financial Services information  Fort Financial Services reviews

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

Larson&Holz IT Ltd Rating
HYCM Rating
FBS Rating
FOREX.com Rating
Orbex Rating
Tickmill Rating

Grand Option Rating
365BinaryOption Rating
TopOption Rating
Beeoptions Rating
OptionsXO Rating
24option Rating