EUR/USD Fundamental analysis
There was the price decrease on major pairs last week. The EUR/USD lost 0.2% amid the correction in the global stock markets, as well as the positive macroeconomic statistics from the United States on the initial jobless claims. The labor market component showed the yield data better then the median forecasts, thus confirming the positive trend in the world's leading economy. Against this background, the "bears" were able to push the euro/dollar just below the 36th figures.
The GBP/USD remained under the pressure last week, but then it was able to regain the lost positions. The BoE meeting held without any surprises – the monetary policy remained unchanged and the market participants rather calmly reacted to this event. After the price drop to 1.7104 the "bulls" came into the market and began to open the long positions that supported the demand for the British currency.
The stock markets sales in Asia, Europe and North America pressured the USD/JPY. Against this negative background, the U.S. currency fell to the 101st figure, finding the support from the Japanese exporters, as well as from the positive macroeconomic statistics from the United States on the initial jobless claims.