09, April 2015

Fundamental analysis

Fundamental analysis

The US dollar has strengthened its position against its main competitors - the dollar index basket (USDX) finished the trading day at the mark of 98.16. The pair EUR/USD was under pressure - traders continued to take profit on the long positions after the quotations growth on Friday and Monday.

The bearish sentiment was and within the pair GBP/USD. The March UK PMI services pleased traders with the strong data, but it did not help the pound to strengthen against the US competitor.

The pair USD/JPY closed the trading day of the week in the "green zone" amid the risky assets demand. Yesterday the world leading stock markets showed an increase that encouraged bulls to long after a short-time decrease.

Late in the evening the United States published the US Federal Reserve last meeting minutes. The monetary regulator announced all the key milestones in its quarterly economic forecast. Moreover, the United States published the crude oil deposits report for the last week.