Fundamental analysis for July 28, 2015

July 28, 2015

The US dollar was not able to strengthen its position against its main competitors - the dollar index basket (USDX) closed the trading day at the mark of 96.56.

The pair EUR/USD had decreased despite the France and Germany PMI manufacturing and production sector negative macroeconomic statistics. Nevertheless the pair grew by the end of the day.

The pair GBP/USD was trading within the flat amid the UK bond yields decrease in relation to their US and Germany counterparts as well as the US new home sales weak data. However the pair increased on the yesterday’s trades.

The pair USD/JPY was trading in a flat amid the lack of demand for the "risky assets" as well as the US negative macroeconomic statistics. Nevertheless, the pair increased yesterday.

The US new housing market sales publication did not meet our forecasts: the transactions number amounted to only 482 thousand in June against the expected 546 million and 517 million in May. It has played the role of counterweight within the pair EUR/USD that put pressure not on the euro, but on the US dollar as well.

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...

FBS Rating
XM Rating
Orbex Rating
Grand Capital Rating
Tickmill Rating
Larson&Holz IT Ltd Rating

EZTrader Rating
OptionsXO Rating
OptionRally Rating
Binary Brokerz Rating
OptionFair Rating
Anyoption Rating