Fundamental analysis for September 30, 2015

September 30, 2015

The American currency was under pressure on the first trading day of the week - the dollar index basket (USDX) closed the trades around 96.11.

The euro has strengthened against the US dollar amid the mixed US data and a number of the Fed officials’ speeches. The US Commerce Department reported that the household spending had risen again in August, exceeding the experts’ assessment. As a result, the pair EUR/USD had increased when the investors escaped from the "risky assets".

During the day the pair GBP/USD was in the flat amid the short positions profit taking. However, the bulls pulled up the pair first, and then the bears took over the initiative and as a result, the trades closed with a decrease.

By the end of the day, the pair USD/JPY had fallen amid the US and Japanese government bond yields decrease as well as the world leading stock exchanges sales decline. The Bank of Japan governor Mr. Kuroda repeated once more time that the Central Bank would continue to implement accommodative policy until they reach the inflation target of 2% that affected the trade dynamics. On this background, the price fell down, despite the short-term increase in the middle of trading.

Publication source
Fort Financial Services information  Fort Financial Services reviews

February 20, 2017
U.S. dollar attempts to post a recovery amid a slow trading day
The U.S. dollar is attempting to post some gains to build up from Friday's reversal. Price action has formed an inside bar among EURUSD and USDJPY which could indicate a potential breakout trading that could establish the near-term direction of prices...
February 20, 2017
FOMC & RBA February meeting minutes, key data in focus
In the US, the Fed will release the minutes of its February meeting. Markets will probably focus on any signals regarding the timing of the next rate hike...
February 20, 2017
EURUSD is having difficulties to go any higher
The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

FxPro Rating
Grand Capital Rating
FXCM Rating
FOREX.com Rating
XM Rating
EXNESS Rating

Beeoptions Rating
EZTrader Rating
OptionRally Rating
OptionTrade Rating
TropicalTrade Rating
IQ Option Rating