Fundamental analysis for October 02, 2015

October 2, 2015

The US currency has strengthened, but against some of its competitors, it weakened. The dollar index basket (USDX) closed the trades at the mark of 96.48. According to the ADP, the US main event is the September number of jobs in the private sector. The index caused optimism in the stock exchanges and its increase amounted 200 thousand against the expected 192 thousand. The US manufacturing sector is showing rather bad results - the Chicago manufacturing sector business activity index decreased from 54.4 to 48.7 in September while it was expected 53.2. According to the US Labor Department the initial jobless claims number became more than 10 thousand having grown to 277 thousand.

The pair EUR/USD had decreased after the September Eurozone CPI negative release. The number of unemployed in Germany increased by two thousand and the euro area overall unemployment rate grew from 10.9% to 11.0%. The September consumer price index preliminary assessment fell by 0.1% y/y vs. 0.0%, the core CPI remained at the previous level of 0.9% y/y. During the day, the pair showed a decrease, with a price slight correction upward by the end of trading.

The pair GBP/USD finished the trading day with the price decrease amid the US employment positive publication. In addition, the British GDP has remained at the level of 0.7% the 2nd quarter, still the annual rate was revised downwards from 2.6% to 2.4%. By the end of trading, the pound managed to slightly increase against the dollar.

The world demand for the "risky assets" has supported the pair USD/JPY. By the end of the day, the instrument decreased.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 17, 2017
ECB policy was focused on avoiding deflation trap
Asian stock markets were mixed, with Japan and ASX heading south amid reports that U.K. Prime Minister May will announce plans for a hard Brexit at today’s keynote speech. Yen strength is also continuing to put pressure on the Japanese markets...
January 17, 2017
Trump's inauguration and May's speech to shape up the markets this week
Markets started the week with no sharp changes and lower trading volumes, due to the Martin Luther King Day in the US, ahead of the crucial monetary policy decisions of the ECB and BoC...
January 17, 2017
Yen strengthens as markets jittery ahead of May's press conference
The U.S. dollar was trading weak yesterday in a holiday thin trading session. The Japanese yen strengthened strongly in the early hours today as investors turn cautious ahead of the British PM...

Tickmill Rating
Z.com Trade Rating
Vantage FX Rating
EXNESS Rating
Trade360 Rating
FxPro Rating

Grand Option Rating
24option Rating
IQ Option Rating
OptionRally Rating
Porter Finance Rating
OptionFair Rating