Fundamental analysis for May 06, 2016

May 6, 2016

The USA statistics was the focus of our attention yesterday (Initial Jobless Claims 274K vs forecast 260K). Today we expect Non-Farm release.

Europe celebrated the Ascension Day and many European Central Banks did not work. Despite the day off the market was volatile and the pairs EUR/USD and GBP/USD decreased.

The UK published Services PMI that fell more than expected (52.3 vs. expectations 53.5).

Friday is the first working day in Japan after the long holidays. We expect a sharp growth of the yen. Even now, when the US stock market decreased, the USD/JPY showed a growth.

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December 8, 2016
U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016
US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.
December 7, 2016
GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...

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