17, November 2014

Fundamental analysis

EUR/USD (a 4-hour chart)

The pair EUR/USD was able to regain some lost ground amid the US moderately negative macroeconomic statistics. The jobless claims rose to the level of 290 thousand that is slightly worse than the forecasted medians. At the moment the euro quotations reached the mark of 1.2522. There was not published any more interesting releases.

The pair GBP/USD continued to decline amid the traders’ fears who expect the lower inflationary pressure continuation. The negative US and UK differential 10 year bonds are once again expanding that increases the downward quotes dynamics. It is worth noting that the British pound is weakening along the entire market, indicating the steady bearish trend.

The pair USD/JPY showed an upward trend amid the mixed trading dynamics in the US and Japan stock markets. It is worth noting that bulls still redeem the strong quotations decrease, opening long positions at the attractive levels. This factor confirms the upward trend strength that allowed the pair dollar/yen to complete the trades with the symbolic quotes increase by 0.1%.