Fundamental analysis for 27.10.2015

October 27, 2015

The euro is recovering after the Friday's decrease. The European stock markets decrease supports the single currency, which, however, is of corrective nature. In general, the euro is under pressure amid the weak IFO survey. The pair EUR/USD is trying to recover after the last week decrease, the decrease was triggered by the Draghi's statement.

The pair GBP/USD is trading in the quite narrow range near the important support. The October British Industry Confederation report can become a catalyst for a further movement. The report was expected with decline -8, but in fact, it turned out -18.

The yen increased, having corrected its losses against the dollar. The Bank of Japan representative Hamada said that as long as the Fed rate hike expectations put pressure on the yen, the Bank of Japan did not need the further monetary policy easing.

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