Fundamental analysis for April 12, 2016

April 12, 2016

Cautious statements by William Dudley (the Fed representative) pressured the US currency. Dudley called for a cautious and gradual approach towards the interest rate hike.

No important news were published on Monday. Traders focused their attention on the Bonds Market dynamics which sent strong "bearish" signals: the 10-year German government bonds yield fell. The pair EUR/USD is trading in a flat.

The UK published some macroeconomic data, the weak data did not allow the bulls to return to the market. The industrial production volume for February decreased by 0.3%, in addition the index recorded a decrease of 0.1% for the first two months of the year. The same index in the USA for the same period showed an increase by 0.1%. Although the difference was small, still it was not in favor of the British currency. However by the end of the trades the pair GBP/USD strengthened.

Bearish sentiment within the USDJPY is very strong. The trading is defined by "risk appetite". The pair closed the trades with a decrease.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

OANDA Rating
FxPro Rating
EXNESS Rating
FBS Rating
Larson&Holz IT Ltd Rating
XM Rating

EZTrader Rating
OptionRally Rating
Dragon Options Rating
First Binary Option Service Rating
Migesco Rating
Banc De Binary Rating