Fundamental analysis for May 13, 2016

13 May, 2016

Although the dollar was supported by the returned risk appetite, the stability of the world economy remained uncertain. The US published Initial Jobless Claims number (294K vs. expectations 270K). The political event of the day were the speeches of Rosengren E. and Mester L. (the Fed representatives). According to Mester the risks related with the Fed forecasts should not have any impact on the monetary policy management. Rosengren suggested that the risks of keeping the rates unchanged seem too low for too long term of time.

Germany published Wholesale Price Index (0,3%m/m vs. expectations 0,2% m/m), the Eurozone published Industrial Production (-0.8% m/m vs. expectations 0.1% m/m).

The Bank of England meeting was the main event of the day. The regulator left the rate unchanged at 0.5%. The inflation report of the Central Bank was the focus of our attention as well. We expect that the increase in assessment of the inflation in the current year could push the pound upwards and neutralize concerns regarding the cost of lending decrease. The Central Banks expects the inflation to return to 0.2%.

The dollar grew against the yen amid the short positions closing. Still the uncertainty of global market growth prospects continued to pressure the US currency.


Source link  
Positive market sentiment persists

On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...

Equity markets continue to decline

The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...

Asian equity indexes mixed

Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...


Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...

Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


In the past 24 hours Bitcoin has lost -1.74% and reached $7314.55. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.3727% and is now at $1.1646. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 4.35% and is now at $453.296. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets90%
2FXTMFXTM88%
3HYCMHYCM86%
4FIBO GroupFIBO Group79%
5FxProFxPro78%
6FXCMFXCM73%
7AvaTradeAvaTrade69%
8HotForexHotForex68%
9XMXM68%
10Alfa-ForexAlfa-Forex66%
  


Share: