Fundamental analysis for March 24, 2016

March 24, 2016

The tragic events in Brussels impacted the market. This news pressured the euro and stock assets. As a result, the dollar strengthened against most of its rivals, but lost to the commodity currencies. The United States published New Home Sales for February at the level of 512K (the previous value was 502K, the forecast was 510K).

Despite the increased geopolitical tensions on Tuesday, the euro as a safe asset failed to get additional dividends. The terrorist attack in Brussels supported the single currency only in the short term. In general traders did not close "risky assets" in panic. However the pair euro/dollar fell on Wednesday.

The "black gold" dynamics identified the trend on the British currency. Inflation release for February disappointed the market with its weak data. CPI came out worse than the consensus forecast. Inflation differential of UK and the United States re-expanded in favor of the latter. Consumer prices declined in both countries: the index declined by 0.53% in the UK, and by 0.05% in the United States. The pair pound/dollar continued the decrease.

The increased demand for "risky" assets supported the USDJPY "bulls". The fact that investors ignored the negative sentiment pointed to strong buyers presence who came not for one day. The pair USD/JPY showed a growth and rebounded downwards only by the end of the trades.

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...

FXCM Rating
XM Rating
FOREX.com Rating
Fort Financial Services Rating
Tickmill Rating
Grand Capital Rating

EZTrader Rating
24option Rating
IQ Option Rating
TropicalTrade Rating
Banc De Binary Rating
OptionTrade Rating