Fundamental analysis for June 16, 2015

June 16, 2015

The pair EUR/USD was in the flat before Draghi's speech. Traders ignored the US positive macroeconomic statistics, still the "Greek factor" did not allow bulls to win during the day. However by the end of the trades the pair increased. By the end of the day the pair GBP/USD had increased amid the EUR/GBP quotations decrease which supported the British pound. During the day the pair USD/JPY was in the flat as well amid the Japan and the US stock market sales.

Traders continue to believe that the next week the Federal Reserve may prepare the market to the interest rates growth in the short term. The Fed was in the spotlight after the US data that over the last few days have shown the economic growth signs which might serve as a basis to start the key rate raising.

The US producer price index rose up by 0.5% m/m in May, exceeding the growth forecasts by+ 0.4%. In April the index declined by 0.4%. The annualized rate fell by 1.1% in May against the decline by 0.8% in April. The basic price index rose up by 0.6% y/y that is below the growth forecast by 0.7%. Meanwhile, the core prices rose up by 0.1% m/m. The main index witnessed the maximum growth since 2012 while the benchmark index remains under pressure.

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...

HotForex Rating
Fort Financial Services Rating
Orbex Rating
Larson&Holz IT Ltd Rating
Tickmill Rating
EXNESS Rating

Beeoptions Rating
Porter Finance Rating
OptionRally Rating
OptionBit Rating
24option Rating
EZTrader Rating