Fundamental analysis for June 03, 2015

June 3, 2015

The new trading week the US dollar began with a growth. However it fell yesterday - the dollar index basket (USDX) closed the trading day at the mark of 97.51. By the end of the day the pair EUR/USD had increased. Earlier it showed a decrease amid the US ISM manufacturing sector positive report.

During the day the pair GBP/USD was under pressure after the UK manufacturing sector PMI weak data. Nevertheless, the trading day ended with the quotations increase. The Bank of England in its quarterly economic forecast, published in early May, pointed out to the real estate sector decline. However, according to the April data - the mortgage loans volume rose up to the mark of 42.1K that smoothes the negative picture.

The US production sector ISM index positive data point out to the US economy recovery after recession in the first quarter which accelerated the pair USD/JPY growth. However the pair by the end of the day had decreased.

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