Fundamental analysis for May 02, 2016

May 2, 2016

Last Friday was filled with events. The US published Personal Consumption Expenditures (at the forecasted level of 0,1%), Personal Spending (0,1% against the forecasted 0,2%), and Reuters/Michigan Consumer Sentiment Index (77,6 against the forecasted 80,2).

Despite the strong economic growth in the region, the euro lost some gains against the US dollar, amid the weak inflation report in the Eurozone. The index fell to -0.2% y/y in April after the previous 0.0% y/y.ВВ The Eurozone GDP grew both in annual and quarterly terms in April: Annualy 1.6% with no changes from the previous value, quarterly 0.6% vs the previous 0.3%.

The pound stopped growing against the US dollar. The sterling fell after the ambiguous economic data from three-month high. The UK published Net Lending to Individuals and Mortgage Approvals reports (1,883B, 71.360K respectively).

There was a day off in Japan. The USD/JPY pair continued falling after the Bank of Japan decision to maintain its current monetary policy. That was contrary to the market expectations, which expected a further easing.

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...

Grand Capital Rating
FXTM Rating
FIBO Group Rating
XM Rating
Tickmill Rating
Orbex Rating

Beeoptions Rating
IQ Option Rating
Grand Option Rating
OptionBit Rating
TopOption Rating
Anyoption Rating