Fundamental analysis for October 21, 2015

21 October, 2015

The euro is still under pressure in the run-up to the ECB meeting. After the ECB meeting, the investors will wait for the Fed meeting results which will be held on October 27-28. The Fed officials give contradictory comments: some of them speak about the need to raise the interest rates this year, some of them want to change the rate when the USA economy is more stable and strong.

At the beginning of the week the pound was able to increase slightly amid the UK government bond yields growth relative to their US and Germany counterparts. The Bank of England governor’ speech supported the pound. McCafferty said that the rake hike was necessary and the hike would be gradual.

The pair USD/JPY is showing symbolic growth amid the moderate demand for the "risky assets" which put pressure on the Japanese yen as the funding currency. Also, investors’ attention is paid to the US API crude oil and the number of building permits publication.

The Australian Reserve Bank Monetary Policy Council last meeting (October 6) minutes noted that there was a correct decision to leave the rates unchanged at the October meeting. The Australian dollar decline supports the system balance change in favor of escape from the extractive economic nature.


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 -0.43% and reached $6484.31862717. 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 lost -1.97% and is now at $204.435584806. 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: