Fundamental analysis for 18.11.2015

November 18, 2015

The euro sharply fell against the dollar amid the risk appetite decline after the Paris terrorist attacks reports. The temporary support was the Eurozone October consumer price index (CPI) last estimate which revised the preliminary results. The indicator was increased to 0.1% y/y despite the fact that it previously recorded 0.0% y/y after - 0.1% y/y in September. The ZEW Institute German and the Eurozone business sentiment reports were the main event yesterday. The data came out better then forecasted 6,0 at the level of 10,4.

The British pound also fell against the dollar. However, the "cable" losses were not so significant. Apparently, the pound stability continues to provide its appeal as the most high-yielding currency among the majors. The UK news was filled with important information for the pound, namely the inflation data which is one of the main indicators, according to which BoE corrects its monetary policy. By the end of the day the pair increased.

The Japanese important economic news was not published; the yen continues to decline against the dollar, probably, on the lingering sentiment for the greenback and on the Japanese stock market optimism where the Nikkei grew by 1.22%.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 17, 2017
ECB policy was focused on avoiding deflation trap
Asian stock markets were mixed, with Japan and ASX heading south amid reports that U.K. Prime Minister May will announce plans for a hard Brexit at today’s keynote speech. Yen strength is also continuing to put pressure on the Japanese markets...
January 17, 2017
Trump's inauguration and May's speech to shape up the markets this week
Markets started the week with no sharp changes and lower trading volumes, due to the Martin Luther King Day in the US, ahead of the crucial monetary policy decisions of the ECB and BoC...
January 17, 2017
Yen strengthens as markets jittery ahead of May's press conference
The U.S. dollar was trading weak yesterday in a holiday thin trading session. The Japanese yen strengthened strongly in the early hours today as investors turn cautious ahead of the British PM...

Tickmill Rating
FXCM Rating
Grand Capital Rating
Trade360 Rating
XM Rating
Larson&Holz IT Ltd Rating

OptionRally Rating
TropicalTrade Rating
24option Rating
Porter Finance Rating
365BinaryOption Rating
Binary Brokerz Rating