23, April 2015

Fundamental analysis

EUR/USD (a 4-hour chart)

There was a multidirectional trend in the Forex market yesterday. During the day the pair EUR/USD was traded in the flat near 1.0660 -1.0785. The ZEW institute release showed mixed news: the business environment sentiment index decreased by 1.5 p while the current economic conditions assessment increased by 14.2 p. There was a technical rebound after the euro/dollar fell to 1.0700.

The pair GBP/USD traded with growth. Yesterday there was published release about the decision, concerning the Bank of England interest rates.

Bullish sentiment on the world leading stock markets supported the demand for the pair USD/JPY during the day which finished the trades with the quotations growth.

The United States did not disappoint investors with the March home sales weak data in the secondary market that were better then forecasted medians. The US private consumption indicators point out that Americans save money more than think about large purchases which with the number of bookmarks foundations and building permits weak data did not allow us to count on the positive data output.