01, April 2015

Fundamental analysis

 EUR/USD (a 4-hour chart)

The US dollar closed the yesterday's trading session with the quotations growth against the euro. The dollar index basket (USDX) finished the trading day at the mark of 98.30. During the day the pair EUR/USD decreased amid the energy prices decline. The Germany and Spain preliminary inflation releases pleased traders with the strong data, but the oil prices decrease reduced to naught all the bulls’ efforts.

The pair GBP/USD has copied fully its older brother dynamics, but the pound grew at the end of the day. The UK mortgage lending release came out worse than traders had expected and this factor with the oil prices decline encouraged bears to short. The bears recovered some positions at the end of the trades.

The Japan industrial production negative release with the world's leading markets growth encouraged the bulls to long with the pair USD/JPY which has increased. However the dollar fell but the pair quotations have increased by the end of the day after a slight decrease.