Fundamental analysis for July 23, 2015

July 23, 2015

There were two unexpected events in the currency market. Firstly, the pair euro/dollar suddenly showed its intent to recover from the lows and almost immediately gained 100 points. Secondly, the pair dollar/yen steady increase came to an end and quotes also rose up by nearly 100 points - but downwards. The reason is simple: the dollar bulls have decided to take profit, the last week its size was substantial as the US dollar took completely its advantage, expecting the Fed rate hike. It is important to note that it happened amid the practically empty macroeconomic calendar.

The pair EUR/USD had increased amid the short positions profit taking as well as the oil quotations moderate growth. However by the end of the day the pair fell again.

During the day the pair GBP/USD was trading at the levels of 1.5550 - 1.5670 amid the pair EUR/GBP quotations growth which are holding back the British pound.

The pair USD/JPY had increased amid the carry trade transactions closure which contributed to the Japanese yen demand as a funding currency.

Publication source
Fort Financial Services information  Fort Financial Services reviews

February 22, 2017
Analysts divided over Aussie dollar
The Australian dollar is holding steady today with analysts deeply divided over the direction of the currency as the year unfolds. At 8.31pm (GMT) the Aussie dollar was trading at US76.81c virtually unchanged from yesterday’s trading...
February 22, 2017
UK GDP estimates and FOMC meeting minutes coming up today
The economic calendar yesterday was dominated by flash PMI numbers from the Eurozone, all of which broadly showed that economic momentum in the region continued to gather pace...
February 21, 2017
Fed Harker's hawkish comments revives the U.S. dollar
While the U.S. dollar was seen slipping during a quiet trading session on Monday which saw the U.S. markets closed, the greenback got a boost with hawkish comments from Fed's Patrick Harker from Philadelphia...

Larson&Holz IT Ltd Rating
Orbex Rating
FxPro Rating
Cms Trader Rating
OctaFX Rating
Tickmill Rating

IQ Option Rating
GTOptions Rating
Dragon Options Rating
UKoptions Rating
OptionFair Rating
Anyoption Rating