05, May 2015

Fundamental analysis

EUR/USD (a 4-hour chart)

The US dollar was able to compensate some lost ground - the dollar index basket (USDX) finished the trading day at the mark of 95.38. When the pair EUR/USD reached the mark of 1.1290 it declined to the level of 1.1150. At the end of the day the pair euro/dollar had decreased.

The pair GBP/USD is consolidating after it fell under the powerful sales wave amid the manufacturing sector PMI index negative macroeconomic release. The total index fell to its lowest level since September 2014. By the end of the day the pair GBP/USD had decreased.

The pair USD/JPY has ignored the ISM US manufacturing sector business activity weak release. Bulls actively built up long positions and against this background the trading day ended with the quotations growth.

According to the ISM report, the US manufacturing sector economic activity continued to increase in April. However, the sector activity index has unexpectedly changed. The ISM noted that the PMI index was 51.5 in April, but it has not increased from the previous month.