Fundamental analysis for October 05, 2015

5 October, 2015

Last week the major pairs were in the flat. Fears for the industrial sector state have been intensified even more in the US. The September manufacturing sector business activity index (ISM Manufacturing PMI) came out worse than the forecast: 50.2 against 50.8 and 51.1 in August. The number of jobless claims increased from 267K to 277K. The US issued the employment outside agricultural sector release. The data came lower than expected 203 thousand. The number of employees amounted to 142 thousand.

By the end of the week the pair EUR/USD had decreased. The euro zone manufacturing sector business activity final assessment remained unchanged at the level of 52.0 in September and the auctions, designed for placing the Spain and France 10-year government bonds have decreased: from 2.15% to 1.84% in Spain, from 1.21% to 0.98% in France.

The pair GBP/USD showed the growth amid the British government bond yields increase relative to their US and Germany counterparts. However the pair finished the week with a decrease.

The pair USD/JPY closed the Friday with the growth despite the carry trade transactions closure in the US trading session.


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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

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Asian equity indexes mixed

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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...


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