Fundamental analysis for June 17, 2015

June 17, 2015

The pair EUR/USD was in the flat amid the risk growth from the Greece part and the US industrial production negative statistics. By the end of the trades the pair fell.

There was a demand for a pound after the US weak industrial production release publication and the trading day the GBP/USD ended with the quotations growth.

During the day the pair USD/JPY was in the narrow flat. On the one hand, bears shorted amid the world stock markets sales. On the other hand, bulls built up long positions on dips based on the uptrend continuation.

Greece continues to draw the markets' attention. The new week started with another negotiations failure with the Greece international creditors that increases concerns about the country possible exit from the EU. The Greek Finance Minister Varoufakis rejected the possibility of the Greek exit from the EU: the Euro group finance ministers shall meet on Thursday and analysts say it will be the last chance for Greece which will have to pay 1.6 billion euro ($ 1.80 billion) to IMF on 30 June. The current financial aid program also ends this day.

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