Fundamental analysis for August 21, 2015

August 21, 2015

The Fed minutes put pressure on the US dollar. The dollar was sold against all of its major opponents which led to its decrease at the end of the day. The meeting minutes have not convinced investors that interest rates increase would be in September. The protocol content that noted fears, concerning the dollar growth, can have a negative impact on the inflation, an economic growth and foreign trade; it has significantly increased the doubts that the Fed will have to tighten policy in the short term. However, the pressure on the dollar was moderate. Investors focused their attention on the number of initial jobless claims week data which was expected with slight reduction up to 272 thousand from 274 thousand. In fact the jobless claims number increased by 4 thousand to 277 thousand.

The pair EUR/USD had strengthened after the US inflation moderately negative data. The July base rate remained at the level of 1.8%, still traders had expected it at the level of 1.9%.

By the end of the day the pair GBP/USD had symbolically strengthened. The low oil prices held back bulls from the active offensive.

The world leading stock markets sales continued to put pressure on the pair USD/JPY which at the end of the day decreased.

Publication source
Fort Financial Services information  Fort Financial Services reviews

October 28, 2016
Greenback sticks to three-month peaks
On Friday, the Japanese yen remained close to it weakest level against the greenback for three months during Asia trade, right after a surge in American bond yields as well as the issue of economic data backing the case for growth in American interest rates strengthened the US dollar overnight...
October 28, 2016
Dollar remains king
The mounting expectations over the Federal Reserve raising US interest rates in December have inspired bullish investors to send the Dollar Index to fresh eight-month highs at 99.00...
October 28, 2016
OPEC is ready to formally seal the output
The crude oil gains as the Algerian Energy Minister Noureddine Butarfa hit the market with a statement saying that OPEC has a plan to complete the formal part of the output freeze agreement in the next meeting...

Fort Financial Services Rating
FBS Rating
HotForex Rating
FXCM Rating
OctaFX Rating
Tickmill Rating

365BinaryOption Rating
24option Rating
Binary Brokerz Rating
Grand Option Rating
OptionsXO Rating
EZTrader Rating