Fundamental analysis for August 17, 2015

August 17, 2015

Last week the US dollar was able to compensate only some of the lost positions. The dollar was supported by the US economic data – the US July retail sales suggested that the US economy is reviving; it brings the Fed monetary policy tightening beginning. According to the Commerce Department, the volume sales rose up by 0.6% in July. The messages about the jobless claims were less optimistic - 274 thousand when it was expected 270 thousand, still it slightly disappointed traders.

The pair EUR/USD had decreased by the end of the day amid the long positions profit taking after the week uptrend. Investors focused their attention on the Euro zone GDP and its leading countries preliminary data. The forecasts assumed that the main economic indicator will grow by 0.4% q/q and 1.3% y/y after a 0.4% m/m, 1.0% y/y in the first quarter.

By the end of the day the sterling slightly increased. Earlier the pair GBP/USD had decreased amid the "black gold" market sales. The British currency is traditionally very sensitive to the Brent oil quotations changes.

The pair USD/JPY had increased amid the global equity markets correction which put pressure on the "safe haven" yen. Nevertheless, the pair showed a decrease by the end of the day.

Publication source
Fort Financial Services information  Fort Financial Services reviews

October 27, 2016
U.K. can't have Brexit A La Carte
Asian stock markets headed broadly lower, as investors remain focused on the earnings season, with Canon Inc. the biggest drag on the index...
October 27, 2016
The ascending of the indices
As for the Australian index AUS200, we are yet again approaching the ascending channel. We should wait for the candlestick patterns to appear and try to buy the assets then...
October 27, 2016
Equities investors are becoming hard to satisfy
Uninspiring earnings projections from giant U.S. companies are weighing on Asian equities this morning after Wall Street stocks fell for a second day...

FXCM Rating Rating
XM Rating
OctaFX Rating
FXTM Rating
FIBO Group Rating

Empire Option Rating
Grand Option Rating
OptionRally Rating
Beeoptions Rating
OptionFair Rating
24option Rating