Fundamental analysis for July 29, 2015

July 29, 2015

By the end of the day the pair EUR / USD had increased amid the German 10-year bond yields relative to its US and the UK counterparts. The Germany data served as a powerful driver for the euro. The IFO Institute business sentiment index registered growth up to 108 points in July, exceeding expectations at the level of 107.5 and the June index around the level of 107.4. It was enough for the pair EUR/USD to get a powerful impulse and to start recovery from the recent lows.

By the end of the day the pair GBP / USD had strengthened despite the US durable goods orders positive macroeconomic statistics for June.

During the day the pair USD / JPY some growth amid the world stock markets sales which caused the carry trade transactions closure.

In June the US durable goods orders rose up by 3.4%, the index excluding transportation also rose up - by 0.8%. However, the main source of concern was the latest stock market crash in China where the Shanghai Composite has lost more than 8%. Traders believe that the China stock markets volatility can delay the US Federal Reserve possible rate hike as the situation is an additional threat to stability.

Publication source
Fort Financial Services information  Fort Financial Services reviews

February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...
February 23, 2017
Will the UK go through a migration shock?
The plan successfully passed through the upper chamber and is now going to the committee stage where it’s likely to be amended to warrant better relations with the EU...
February 23, 2017
The euro is under pressure amid growing concerns
The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

Vantage FX Rating
Grand Capital Rating
Cms Trader Rating
FxPro Rating
NPBFX Rating Rating

Migesco Rating
Dragon Options Rating
EZTrader Rating
24option Rating
Binary Brokerz Rating
First Binary Option Service Rating