Fundamental analysis for April 26, 2016

April 26, 2016

The market started the week rather good. Trading was in the absence of any drivers. The United States published New Home Sales report in March (the previous value was 512K; the forecast was 527K). The data came in at the level of 511K.

Germany published Business Climate for April (106.6 versus the forecast of 107.0). The index low forecast is due to its close correlation with the composite PMI. Which prevented a better forecast for Business climate, taking into account the negative dynamics of the latter. However the pair EUR/USD increased.

The pair GBP/USD started the week with a growth. Oil prices successfully completed the previous trading week in the "green zone", despite Doha summit failure. The oil market bullish sentiment had a positive impact on the British currency (as expected). In spite of the oil prices decrease the GBP/USD grew.

The USDJPY rallied amid a sharp collapse of the yen in response to the news from the Bank of Japan. According to the market rumors the regulator is considering the possibility of issuing loans with a negative rate. These conversations provoked the Japanese currency sell-off. Nevertheless, as a result the USD/JPY fell.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 18, 2017
Stock markets continued to stabilise
German HICP confirmed at 1.7% y/y, as expected, with prices up 1.0% m/m. The sharp acceleration from just 0.7% y/y in November was mainly due to base effects from lower energy prices and the breakdown showed that prices for heating oil jumped 21.9% y/y in December...
January 18, 2017
Pound Sterling soars on PM May's Brexit speech
The British pound posted strong gains yesterday with the Prime Minister Theresa May outlining her vision for Brexit and the parliamentary approval of the Brexit deal...
January 18, 2017
Sterling remains in the spotlight
The Sterling/Dollar exploded into extreme gains on Tuesday with prices clipping above 1.2400 after Prime Minister Theresa May’s optimistic Brexit speech signaled that the United Kingdom was seeking a deal which would satisfy both parties...

OANDA Rating
FBS Rating
Orbex Rating
FXCM Rating
OctaFX Rating
Larson&Holz IT Ltd Rating

24option Rating
OptionRally Rating
365BinaryOption Rating
OptionFair Rating
Banc De Binary Rating
TropicalTrade Rating