Fundamental analysis for October 06, 2015

6 October, 2015

The Friday US Labor data came out worse than traders expected. The September Nonfarm payrolls amounted 142 thousand while the August indicator was revised into the negative side. The average hourly earnings remained unchanged at the level of 25.09 dollars an hour. The market reacted with the dollar decrease to the news that the rate hike is postponed. Investors have reduced the October increase expectations by 6% and the probability of the December increase to 28%. Indeed, now the market is expecting the first quarter rate increase next year.

As a result, the pair EUR/USD finished the trades at the mark of 1.1180. At the beginning of the week investors study the August Eurozone retail sales, the forecast was -0.1%.

The pair GBP/USD finished the trades at the mark of 1. 5150. Investors' attention is directed to the September service sector business activity index and its forecast was 6.4 against the August 55.6.

The pair USD/JPY closed the trades at the mark of 120.50. The Markit service sector business activity index was expected with a growth from 5.6 to 55.7 in the September final assessment, the non-manufacturing sector business activity index (ISM Non-Manufacturing PMI) was expected with decrease from 59.0 to 58.0.


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 -1.0% and reached $6486.95128297. 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 gained 5.32% and is now at $203.609557021. 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: