Fundamental analysis for April 07, 2016

April 7, 2016

There was a pessimistic statement by Lagarde (the head of IMF) regarding the growing risks for the global economy. The Federal Reserve latest comments talked about low expectations regarding the interest rate. Finally the oil price decreased. All of these factors together were the main drivers for the risk escape, and against this background the dollar tried to recover. The Fed minutes publication became the main event of Wednesday. Some traders are afraid that the rate hike in April will show undue urgency. Also there were different opinions about the possibility of interest rates hike in April.

The market reaction to the positive USA reports was weak. We noticed the growing optimism in the bonds market. German 10-year government bonds yield kept growing, which made European assets more attractive for investments. Germany revealed Industrial Production for February. The index came in at -0.5% versus the previous data of 2.3% and the forecast of -1.8%. The pair euro/dollar showed a growth.

Service PMI grew both in the USA and the UK. Both indexes grew in comparison to February still the USA PMI growth rate was higher. The pair pond/dollar increased.

The USD/JPY completely ignored the positive macroeconomic statistics from the US and negative reports from Japan. The pair kept on following the dynamics of the stock markets, especially the Japanese one. The pair decreased.

Publication source
Fort Financial Services information  Fort Financial Services reviews

October 24, 2016
Dollar at a 3-week winning streak
The US dollar completed three weeks of back to back gains with the US dollar index seen trading above the 98.55 handle. Without any pullback so far, further upside could come at a significant risk...
October 24, 2016
Golden week for dollar but USD/JPY bucks trend
It has been a very good week for the US dollar and a really bad one for the euro and Canadian dollar, among others. The rally has lifted the Dollar Index to its highest level since early February and possibly on course to 100...
October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...

OANDA Rating
FXTM Rating
Grand Capital Rating Rating
Fort Financial Services Rating
HotForex Rating

Binary Brokerz Rating
Anyoption Rating
Empire Option Rating
Banc De Binary Rating
OptionsXO Rating
OptionFair Rating