Fundamental analysis for September 11, 2015

11 September, 2015

The US dollar lost the early earned positions. Meanwhile, traders turn their attention to the Fed monetary policy meeting which will be held on September 16-17. The dollar growth against the major currencies was caused by the expectations, concerning the Bank of China new monetary easing measures. According to the US Labor Department the initial jobless claims number became less than 6 thousand having fallen to 275 thousand.

During the day the pair EUR/USD was in the flat amid the important macroeconomic statistics lack. However, the pair increased by the end of the trades.

The pair GBP/USD had decreased. The weak economic statistics was published: the industrial production fell in August while the trade deficit has grown. On Thursday traders drew their attention to the Bank of England meeting and its minutes. The BoE kept the interest rates unchanged at 0.50%.

The pair USD/JPY decreased after the powerful growth in the Tokyo stock market. Then the pair showed a flat. The Japan Nikkei index showed the biggest session growth after the China Finance Ministry stated that it intended to implement fresh measures to stimulate the economic growth.


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