21, January 2015

Fundamental analysis

EUR/USD (a 4-hour chart)

The market was quite yesterday amid the macroeconomic events absence. The pair EUR/USD technically corrected. All the important week events will appear in the short term and in this regard, traders refrained so far from the active trading. The pair closed the trades with a slight decrease.

Demand for the cross-rate EUR/GBP did not allow the British pound to regain lost ground against the US competitor.

Traders will closely watch the stock market dynamics. The ECB expectations and QE program realization encouraged bulls to long on the Old World corporate bonds that in terms of the global financial market will support a demand for Japan and the US equity.

There was the upward trend continuation in the Japan and European stock markets which supported demand for the pair USD/JPY.