Fundamental analysis for August 28, 2015

August 28, 2015

The Japanese and the US stock indices have grown, pointing out to the risk appetite increase. It supported the US currency and the US dollar solidly strengthened against all of its major opponents by the end of the day. The additional factor that increased the dollar popularity was the US economic data. The dollar index basket closed the trades at the mark of 95.21.

Two key factors contributed to the dollar growth. Firstly, the durable goods orders release was better than the consensus forecast - sales increased by 2% in July while traders expected decrease by 0.5%.

Secondly, there are positive factors in the debt market. During the day the US Treasury 10-years bond yields were increasing steadily upwards that contributed to the channel capital inflow into the US assets and ultimately it supported demand for the dollar.

Against this background, the EUR/USD pair trades ended with the quotations decrease; the pair GBP/USD had declined by the end of the day and the USD/JPY had strengthened.

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...

Tickmill Rating
 FXTM Rating
FX Giants Rating
Grand Capital Rating
EXNESS Rating
Fort Financial Services Rating

UKoptions Rating
OptionFair Rating
Empire Option Rating
Anyoption Rating
TopOption Rating
Banc De Binary Rating