08, April 2015

Fundamental analysis

Fundamental analysis

We had a multidirectional trend in the Forex market yesterday. The German and the British traders were absent at the beginning of the week due to the Easter Monday celebration as a result we saw a calm trade. The pair EUR/USD increased to the level of 1.1000 - traders continued to win back the US labor market negative release for March, but bulls did not manage to consolidate above the 10th figure and the pair decreased.

A similar trend was and within the pair GBP/USD. After the British pound growth to the level of 1.4980 amid the steady demand in the oil market - traders fixed profits on the long positions. The pair decrease was fallowed by a consolidation.

The upward trend prevailed within the pair USD/JPY amid the risky assets demand. The US stock market opened the new trading week with quotations increase despite the business activity weak release for the ISM services. Then we have seen the US dollar strong quotations growth.