Fundamental analysis for August 26, 2015

26 August, 2015

The US dollar opened the trading week in the negative area – the dollar index basket lost 1.5%, having reached its lowest level for seven months. The Asian, European and American stock markets have added impulse to the dollar sales. The US dollar was sold against all the majors; as a result the dollar continued its decline and recorded losses. The US dollar showed the biggest minus against the euro and the yen which were bought out not only amid frustration over the Fed policy outlook, but also as the refuge currency that was sold earlier in the transactions on the interest rates difference. However, when the stock market began to form reducing correction at the end of the trading session, the dollar got little support and was able to neutralize some of the losses.

The pair EUR/USD had strengthened amid the investors’ escape from the "risky assets". Nevertheless the pair fell by the end of the day.

The pair GBP/USD had increased amid the UK government bond yields increase. However by the end of the day the pair showed a sharp decrease.

The pair USD/JPY had declined. The demand reasons for the Japanese currency are similar as for the euro that is the carry trade transactions closure. This pair also changed the movement direction and corrected upwards.


Source link  
Positive market sentiment persists

On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...

Equity markets continue to decline

The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...

Asian equity indexes mixed

Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...


Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...

Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


In the past 24 hours Bitcoin has lost -1.14% and reached $6214.94350641. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.6984% and is now at $1.1407. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -27.38% and is now at $280.254632108. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets89%
2FXTMFXTM87%
3HYCMHYCM85%
4FxProFxPro80%
5FIBO GroupFIBO Group78%
6FXCMFXCM73%
7AvaTradeAvaTrade67%
8HotForexHotForex67%
9Alfa-ForexAlfa-Forex66%
10XMXM66%
  


Share: