Fundamental analysis for July 02, 2015

July 2, 2015

The European Commission President Jean-Claude Juncker sent to Greece the details of a new agreement with creditors. According to Juncker, if the Greeks rejects the proposal in the referendum, it will mean that they will vote for the eurozone exit. The ECB, Benoit Ker said that Greece's exit from the Eurozone can not be excluded now.

The EUR/USD decreased after the June positive US consumer confidence release. The Conference Board index came to the level of 101.4, indicating increased consumer activity.

The pair GBP/USD finished trading in the "red zone". The British currency was under pressure due to lower government bonds yields.

The USD/JPY fell against the demand for safe assets due to the situation around Greece. However the pair increased by the end of the day.

We shall pay attention to the United States statistics: the ADP US employment and business activity in the manufacturing sector. In the first two months of the second quarter, the US economy is steadily creating more than 200 thousand new jobs, indicating that the output data will be within the median forecasts. During June, the jobs number in the private sector amounted to 237 thousand. The forecast was 220 thousands. The business production activity showed 53.5 when the forecast was 53.2.

Publication source
Fort Financial Services information  Fort Financial Services reviews

October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016
Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016
EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...

Grand Capital Rating
Orbex Rating
Tickmill Rating
FBS Rating
FxPro Rating
FIBO Group Rating

24option Rating
OptionRally Rating
Grand Option Rating
365BinaryOption Rating
Porter Finance Rating
TopOption Rating