Fundamental analysis for October 07, 2015

October 7, 2015

The US currency was able to compensate some of the lost positions yesterday. Still the dollar was not able to hold the growing pace and fell. The dollar index basket (USDX) closed the trades at the mark of 96.25. The US Markit Economics service sector business activity final assessment had been reduced: 55.1 versus 55.6. The non-manufacturing sector business activity national index (ISM Non-Manufacturing PMI) showed decrease from 59.0 to 56.9.

By the end of the day, the pair EUR/USD had increased. The euro area macro-economic data came out worse than expected. The September euro area business activity evaluation index turned out to 53.7 against 54.0 of the initial assessment and the unchanged forecast. The August euro area retail sales showed the zero growth against the forecast of -0.1%. Also, European Central Bank President Draghi gave a speech, but it doesn’t relate to the topic of monetary policy. However, after dropping earlier in the week, the pair increased, returning the price to previous levels.

The pair GBP/USD finished the trades with the quotations growth. The UK service sector PMI report turned out to be negative. The UK service sector business activity fell from 55.6 to 53.3 in September (the lowest index over the last two years) against the growth forecast to 56.4. During the day, the pair showed an upward movement, with a slight price correction at the end of the day.

The USD/JPY had increased amid the leading world stock markets growth. Still the price turned down by the end of the day. However, despite this, the "bears" are trying to lower the price, as evidenced by trading on the decrease, with periodic upward price trend during the trading day.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

OANDA Rating
Tickmill Rating
XTB Rating
FxPro Rating
Trade360 Rating
Fort Financial Services Rating

First Binary Option Service Rating
Binary.com Rating
Empire Option Rating
Dragon Options Rating
OptionRally Rating
TopOption Rating