12, May 2015

Fundamental analysis

EUR/USD (a 4-hour chart)

There was a multidirectional trend in the Forex market yesterday. By the end of the day the pair EUR/USD had decreased amid the pair EUR/GBP quotations decline after the UK parliamentary elections results announcement.

After two unsuccessful days the GBP/USD could finish the trades in the "green zone". Traders reacted positively to the conservatives’ victory in parliamentary elections. By the end of the day the pair pound/dollar quotations have increased.

The USD/JPY has been trading in the flat near 119.65 -120.20. The US non-farm payrolls increased by 223 thousand in April. The unemployment rate fell to the level of 5.4%. Average earnings increased by 0.1% which is worse than traders had expected.