Fundamental analysis for May 24, 2016

May 24, 2016

The dollar strengthened when the latest Fed meeting showed that the interest rate may be raised as early as June. The United States did not publish any important report and all investors' attention was directed to Bullard and Williams’ speeches (the FOMC members). According to Bullard the regulator has more reasons to change the rates than to keep the soft policy. According to Williams the financial stability speaks in favor of a rate hike.

The euro fell to a session low when Markit PMI Composite slowed down in May (52.9 vs. expectations 53.2). The index fell despite the steady growth in Germany and France, as other regions showed a decline.

The UK did not publish important news on Monday.

The dollar fell against the yen on Monday amid Tokyo stock market falling. The Japanese trade surplus in April was significantly above our expectations. Manufacturing PMI in Japan declined in May (47.6 vs. previous 48.2). The index declined at the fastest pace in the last three years due to new orders decrease. The data came after the G7 meeting on Saturday, where the US again warned Tokyo about the negative consequences of intervening to weaken the yen.

Publication source
Fort Financial Services information  Fort Financial Services reviews

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...
December 7, 2016
Unexpected fall in UK economic indicators
This morning saw a substantial drop in both the manufacturing production and industrial production in the UK for the month of October which comes as a timely reminder that the economy remains vulnerable. The pound ended its recent rise against the US dollar yesterday after hitting a 2-month high...
December 7, 2016
U.S. dollar recovers from Monday lows
The U.S. dollar index managed to recover from a 14-day low on Monday at 99.87 with prices turning bullish yesterday. However, the gains remain limited within Monday's range with further upside likely to see the 100.80 resistance being established...

Z.com Trade Rating
 FXTM Rating
Tickmill Rating
XTB Rating
FXCM Rating
XM Rating

TropicalTrade Rating
OptionFair Rating
IQ Option Rating
Grand Option Rating
Empire Option Rating
TopOption Rating