15, April 2015

Fundamental analysis

 Fundamental analysis

The US dollar began the new trading week with the price growth but yesterday it fell against the majors - the dollar index basket (USDX) closed the trades at the mark of 98.81. The United States published the retail sector sales report. The wage growth with the high demand for cars in March point out to the positive release that earlier only strengthened the demand for the US dollar. The pair EUR/USD was under pressure and at the moment it reached the mark of 1.0520. Traders continue to focus their attention on the debt market dynamics and the German 10-year low bond yields force investors to get rid of the euro. Nevertheless the euro/dollar had increased at the end of the trades.

The pair GBP/USD was in demand amid the profit taking on the short positions as well as the pair EUR/GBP quotations reduction which supported the British pound. By the end of the day the pair GBP/USD had increased.

The pair USD/JPY was in a downward trend. Bulls were able to take the pair to the level of 120.84, but then when investors fixed profits on the long positions in the NYSE stock exchange - bears were able to regain lost ground.