Fundamental analysis for September 04, 2015

4 September, 2015

The US currency was able to return some positions which had been lost the day before - the dollar index basket (USDX) finished the trading day at the mark of 95.85. There was the ADP private sector employment level report published. The August data did not meet the market expectations - the actual number of jobs, created in the private sector, amounted to 190 thousand against the forecasted 201 thousand. Nevertheless, traders chose to ignore the publication and continued to buy the US currency. The United States published the jobless claims weekly report. According to the US Labor Department the initial jobless claims number became more than 12 thousand having increased to 282 thousand.

The pair EUR/USD has decreased amid the Germany and the US negative government bond yields. On Thursday investors focused their attention on the ECB decision on the monetary policy and on the Mario Draghi's press conference. The ECB kept the interest rates unchanged at 0.05%.

During the day the pair GBP/USD was within the flat. Investors took profits on the short positions after the six days downward movement. On Thursday investors study the August UK service sector business activity index. The index decreased to 55,6.

The pair USD/JPY had increased amid demand for the "risky assets". Nevertheless, then the pair decreased.


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 -1.08% and reached $6534.70684944. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.6352% and is now at $1.1587. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -7.92% and is now at $207.898754586. 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
1easyMarketseasyMarkets91%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9FXCMFXCM80%
10AvaTradeAvaTrade77%
  


Share: