20, July 2015

Fundamental analysis

EUR/USD (a 4-hour chart)

The pair EUR/USD decreased at the end of the last week amid the commodity market sales and the pair EUR/GBP quotations decrease.

The pair GBP/USD was traded in a narrow range. Earlier the pair decreased amid the US jobless claims moderately positive statistics as well as the US and the UK bond yields increase.

The pair USD/JPY has finished the trading day in the "green zone". Demand for the "risky assets" still supports bulls.

The US dollar is also going through hard times. Last week the Fed chairman Janet Yellen hinted that the rate hike would be this year. However, the specifics in terms of the rate hike possible timing traders still have not received. As a result, the statement impact on the dollar was minimal.