EUR/USD Fundamental analysis
The yesterday's session was a very active by its end. The dollar’s buying and sales bursts were limited by the narrow ranges, as a result the euro closed the day having fallen against the dollar. The lack of significant news in the EU and the U.S. led to the sluggish dollar trade against the euro and though briefly weak data on Britain intervened in the dispute with the pound, but the market leader’s credibility allowed the British to stay at levels which it began the trading.
The exception was the dollar/yen, where the U.S. currency was under pressure the cause of which was the "bearish" sentiment on the stock markets and continued decline in the yields on the U.S. 10-year "Treasuries." Perhaps the reason for investors’ cautious can be new benchmarks and the Fed politicians’ comments expectations whose speeches as the market-enhanced opinions rumors that American Central Bank will start to raise the rates sooner than it was expected.
It wasn’t published a lot of the economic statistics, a report of the National Federation of Independent Business (NFIB) could get in the focus of the market, testified a cut in small business optimism in June - the index fell to 95.0 against 96.6 in May while the forecast was to see a rise to 97.3. The interesting statistics on the U.S. economy wasn’t planned to publish.
The hope to get a clarification about the Fed's plans about the rates will possibly increase the pressure and till this information will appear the range trading continues. The appearance of any hints that the Committee members will increase the more stringent policies supporters number adds the popularity to