05, October 2015

Fundamental analysis

EUR/USD (a 4-hour chart)

Last week the major pairs were in the flat. Fears for the industrial sector state have been intensified even more in the US. The September manufacturing sector business activity index (ISM Manufacturing PMI) came out worse than the forecast: 50.2 against 50.8 and 51.1 in August. The number of jobless claims increased from 267K to 277K. The US issued the employment outside agricultural sector release. The data came lower than expected 203 thousand. The number of employees amounted to 142 thousand.

By the end of the week the pair EUR/USD had decreased. The euro zone manufacturing sector business activity final assessment remained unchanged at the level of 52.0 in September and the auctions, designed for placing the Spain and France 10-year government bonds have decreased: from 2.15% to 1.84% in Spain, from 1.21% to 0.98% in France.

The pair GBP/USD showed the growth amid the British government bond yields increase relative to their US and Germany counterparts. However the pair finished the week with a decrease.

The pair USD/JPY closed the Friday with the growth despite the carry trade transactions closure in the US trading session.