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

February 17, 2017
US dollar poised to end the weak on a bearish note
The US economic data continued to post strong gains with building permits and Philly Fed manufacturing index beating expectations strongly. However, the markets were not quite impressed despite the data points supporting the hawkish Fed for more rate hikes...
February 17, 2017
Brent remained rather unchanged
There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened...
February 16, 2017
U.S. dollar remained near its fresh highs
After touching the level 1.0550 the euro bounced off and was able to reverse a minor part of its losses. The overnight’s recovery attempt stalled just under 1.0600 barrier. The pair came under renewed selling pressure and slipped into negative territory in the late Asian session...

Grand Capital Rating
Fort Financial Services Rating
Vantage FX Rating
 FXTM Rating
FIBO Group Rating
Cms Trader Rating

24option Rating
Binary.com Rating
Migesco Rating
Anyoption Rating
Dragon Options Rating
Porter Finance Rating