Fundamental analysis for April 14, 2016

April 14, 2016

The dollar continued its attempts to recover. The latest Fed hawkish statements supported the dollar. In particular, Jeffrey Lacker (the Fed representative) said that the Fed is still planning four rates hike in 2016. The US currency got an additional support when the Fitch agency confirmed the US rating at AAA.

Retail Sales and the Producer Price index for March became the main events of Wednesday. The Retail Sales showed -0,3%m/m against the forecasted 0,1%m/m and previous data of -0,1% m/m. The Producer Price Index showed -0,1%m/m against the forecasted 0,2%m/m and previous data of -0,2%m/m.

The inflation data in Germany did not have any impact on the quotations. In March, the Consumer Price index remained at + 0.8% m/m and + 0.3% y/y. The growth of stock indices caused the euro sales. The pair euro/dollar decreased.

The UK inflation positive report for March supported the positive trend in the Bonds Market. The yields differential on government bonds (the United States and the United Kingdom) have been reducing for the last three trading days. This news increased the attractiveness of the British assets. However the trades on the pair pound/dollar closed with a decrease.

The 10-year government bonds yield differential (the US and Japanese) expanded which increased the attractiveness of the US assets providing support for the dollar in the pair USD/JPY. This pair showed a growth.

Publication source
Fort Financial Services information  Fort Financial Services reviews

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

HYCM Rating
Vantage FX Rating
XM Rating
Orbex Rating
FIBO Group Rating
FOREX.com Rating

365BinaryOption Rating
EZTrader Rating
OptionsXO Rating
24option Rating
Anyoption Rating
Beeoptions Rating