Fundamental analysis for May 09, 2016

May 9, 2016

Last week the US Federal Reserve Bank did not exclude the possibility of raising the interest rate at next meeting in June. The US labor reports were last week key events. The USA published Non-Farm (160K vs. expectations 202K). Unemployment Rate remained at the same level 5%.

No important news was published in the Eurozone and the UK. The pairs EUR/USD and GBP/USD decreased by the end of the trades.

The US dollar rose against the yen before the labor market reports from the United States. According to the latest report, Japanese service sector activity declined in April suggesting that the country economy slowed down.

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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...

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