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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September 26, 2016
Markets will continue to look to Fedspeak
Lots of speeches from all around the globe this week, but focus now turns to the US Presidential election, with all eyes on Monday Trump-Clinton debate (up to 20% of US voters remain undecided)...
September 26, 2016
Dollar Trades Mixed. Draghi's Speech Awaited
The US dollar is trading mixed in early Asian trading as a rather slow day will see speeches from central bank governors including Kuroda, SNBs Jordan and Mario Draghi...
September 23, 2016
The dollar has firmer back some following yesterday underperformance
Revealed weak August data for existing home sales and leading indicators, but a tight initial claims report for the BLS survey week of September that left mixed signals that were positive on net, with aid from a 0.5% July rise in the FHFA home price index...

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