19, October 2015

Fundamental analysis

Fundamental analysis

The US currency was able to compensate some of the lost positions – the dollar basket index (USDX) closed the trades at the mark of 94.43. The US dollar found the support due to the stronger-than-expected US inflation report which showed a decrease to 255K against the previous 262K.

The pair EUR/USD finished the trades with a decline. The ECB representative Ewald Nowotny said that the ECB did not reach the inflation target. The regulator requires a new set of instruments. The euro zone released the September consumer price index and declared about the August trade balance changes, which turned out to be lower then expected – 11.2B against forecasted 20B. During the day, the pair was in a flat.

The pair GBP/USD had strengthened amid the EUR/GBP quotations reduction by the end of the day.

The pair USD/JPY finished the trades with a growth amid the US and Japanese government bond yields. According to the preliminary data the US Reuters/Michigan consumer sentiment index was higher than expected and amounted to 92.1 against forecasted 89.0. The NAHB October housing market index was published alongside with the vacancies level and the August labor turnover.