Fundamental analysis for June 22, 2015

June 22, 2015

Last week the pair EUR/USD strengthened amid the May US inflation moderately negative data. The final indicator is higher by 0.1% that is worse than traders had expected that increased pressure on the dollar. However the euro showed a decreased on the Friday’s trades.

By the end of the day the pair GBP/USD had increased amid the May UK positive retail sales increased by 0.2% which is a positive factor for the British economy. Nevertheless the pair slightly fell.

By the end of the day the pair USD/JPY had decreased amid the profit taking on the carry trade transactions in the morning.

The situation with Greece continues to deteriorate investors' sentiment. If Athens is not able to negotiate with creditors, Greece will lose the new financial assistance tranche that is necessary for the debts repayment to the IMF in the amount of 1.6 billion euros ($ 1.82 billion).

The Euro group finance ministers meet in Luxembourg while Greece is on the agenda. However, the Prime Minister Alexis Tsipras said that he would reject any offers that would force him to go to the "catastrophic" measures. It aggravates the prospects of signing the agreement. Speaking in the German parliament, Chancellor Angela Merkel said that the agreement with Greece was still possible.

Publication source
Fort Financial Services information  Fort Financial Services reviews

February 20, 2017
U.S. dollar attempts to post a recovery amid a slow trading day
The U.S. dollar is attempting to post some gains to build up from Friday's reversal. Price action has formed an inside bar among EURUSD and USDJPY which could indicate a potential breakout trading that could establish the near-term direction of prices...
February 20, 2017
FOMC & RBA February meeting minutes, key data in focus
In the US, the Fed will release the minutes of its February meeting. Markets will probably focus on any signals regarding the timing of the next rate hike...
February 20, 2017
EURUSD is having difficulties to go any higher
The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

Larson&Holz IT Ltd Rating
Tickmill Rating
Grand Capital Rating
Vantage FX Rating
OctaFX Rating
FOREX.com Rating

IQ Option Rating
365BinaryOption Rating
First Binary Option Service Rating
OptionTrade Rating
GTOptions Rating
OptionRally Rating