08, October 2015

Fundamental analysis

Fundamental analysis

The last trading session macroeconomic statistics played an insignificant role. Perhaps even such political events such as the twelve countries agreement about the Trans-Pacific Partnership, led by the US, had little impact on the exchange rates. In general, the Asian stock markets showed the positive trend. Perhaps the market was once again subjected to speculative pressure amid the overall uncertainty.

The pair EUR/USD finished the trading day with the quotations growth amid the US August trade balance weak data. With forecast -47.40B, in fact trade balance turned out to be -48.33B. The Germany August industrial orders have fallen by 1.8% and the July indicator was revised downwards to -2.2% from -1.4%. The Eurozone retail sector business activity increased from 51.4 to 51.9 in September. The complex of these factors influenced the quotations for the euro/dollar, which showed a decrease during trading day.

The GBP/USD pair had increased amid the Brent oil quotations rapid growth. The UK Halifax house prices index fell in September by 0.9% against the growth forecast by 0.1%. The pair continued its rapid upward movement.

During the day, the pair USD/JPY was trading in the narrow flat amid the "risky assets" moderate demand. The US August trade balance showed deficit of -48.3 billion dollars against -47.6 billion dollars forecast. This has contributed to the weakening of the dollar against the yen, which is shown by trading on the decrease throughout the day.