Fundamental analysis for January 08, 2016

8 January, 2016

There was a quite volatile trading day yesterday. The dollar showed mixed dynamics against its major rivals. Traders still do not prefer to risk as they do have concerns to worry about. They are global economy slowdown, low oil price and the Chinese economy.

Soft Fed meeting minutes weakened the US currency. The regulator expressed his concerns about the inflation, the strong dollar which triggered the greenback sales. The US published the initial jobless clams (277 000 against the forecasted 275 000).

The euro got some support after the risky assets sales. However, the US strong labor market data gave new strength to the dollar. According to ADP, the December private sector employment level increased by 257 thousand. These figures are much higher than the forecast and the previous value of 192 thousand. However after the USA new statistics the pair euro/dollar strengthened.

A series of weak economic data postpones the Bank of England rate hike which exacerbates the divergence rate of the BoE and the Fed. That is another long-term negative factor for the Sterling. The trades closed with the pair GBP/USD decrease.

The USD/JPY accelerated its decline after the Fed meeting minutes’ publication. The price moved further down. The risk factor always plays into the Japanese yen hands


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 -7.87% and reached $6197.61. 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% and is now at $1.1605. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -4.47% and is now at $476.862. 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
1easyMarketseasyMarkets88%
2FXTMFXTM87%
3HYCMHYCM85%
4FIBO GroupFIBO Group80%
5FxProFxPro77%
6FXCMFXCM74%
7Alfa-ForexAlfa-Forex72%
8HotForexHotForex71%
9FP MarketsFP Markets70%
10XMXM69%
  


Share: