Fundamental analysis for December 22, 2015

December 22, 2015

The economic calendar is empty, there was not published any interesting macroeconomic statistics. In this regard, the EUR/USD course is determined by the debt and equity markets dynamics. The US and the German government bond yields showed a growth which increased the US assets investment’ attractiveness supporting the demand for the greenback. The equity markets long positions and high-yield cross rates pointed out to the lack of "risk appetite" among investors. However, after a decrease the pair euro/dollar strengthened.

The GBP/USD bears have taken a breath. The UK government bond yields have grown in relation to their US and Germany counterparts which increased the investments’ attractiveness into the British assets. The Cable could not realize even a deep correction - investors have opened short positions that have caused a new round of the prices decline. The pair pound/dollar was trading in a flat.

The USD/JPY quotations showed moderate decrease after the "risky assets" escape. Investors closed their longs which supported the demand for the yen as a funding currency. The "protective" utilities sector was the growth leader in the US stock market, still the financial sector and the basic materials’ sector showed a decline. Such positioning points out to the pessimism growth. The Bank of Japan indicated the inflation expectations decline because of the hydrocarbon low prices which is a negative factor for the yen. After a decrease the pair dollar/yen was trading in a side corridor.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 16, 2017
U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017
Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...
January 13, 2017
The dollar is trading softer into the London open
Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...

OANDA Rating
Trade360 Rating
Tickmill Rating
Grand Capital Rating
Fort Financial Services Rating
HotForex Rating

TropicalTrade Rating
Beeoptions Rating
EZTrader Rating
OptionFair Rating
IQ Option Rating
Banc De Binary Rating