Fundamental analysis for November 30, 2015

November 30, 2015

The pair EUR/USD continued its lateral trend amid the lack of important macroeconomic statistics, as well as the low liquidity due to the Thanksgiving Day in the United States. The global equity market shows an upward trend, the Germany high-tech sector was the growth leader. This factor signaled abound the "risky assets" demand which had a negative impact on the euro as a funding currency. According to the dollar index, the quotations were near the psychological level of 100.00.

The third quarter UK GDP came out. The data is at the forecasted level: 0,5% (q/q) and 2,3% (y/y). The third quarter unemployment rate decreased by 0.3% to the level of 5.3%. This is the highest rate of the unemployment decline in 2015. The average wage increased by 3% on an annualized basis in this period which indicates the household spending growth and is a welcome factor for the economic growth. The data output at the level of 0.6% supported the British currency. However by the end of the trades the pair GBP/USD decreased.

Japan has published a bloc of important macroeconomic statistics where the inflation: 0,0% (y/y). The CPI has increased by 0.58% for the first nine months of this year while the average earnings grew by only 0.25%. Thus, the population real incomes have reduced and in that respect, the Bank of Japan governor H. Kuroda told about the weak wage dynamics at the monetary regulator last meeting. The Japanese 10-year government bond yields which reflect the inflation investors' expectations fell by 4 bp in October. By the end of the trades the pair dollar/yen slightly increased.

Publication source
Fort Financial Services information  Fort Financial Services reviews

February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...
February 23, 2017
Will the UK go through a migration shock?
The plan successfully passed through the upper chamber and is now going to the committee stage where it’s likely to be amended to warrant better relations with the EU...
February 23, 2017
The euro is under pressure amid growing concerns
The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

FX Giants Rating
NPBFX Rating
FOREX.com Rating
Grand Capital Rating
Fort Financial Services Rating
Orbex Rating

365BinaryOption Rating
GTOptions Rating
EZTrader Rating
OptionBit Rating
Binary Brokerz Rating
Empire Option Rating