26, November 2014

Fundamental analysis

EUR/USD (a 4-hour chart)

The dollar grew against the European competitors and has consolidated against the yen. Earlier we observed the situation where the risk tendency had increased. The news was weak in the amount of data that could affect the market, but it gave some impulse to the pair. The European indicators good business sentiment and less positive US economic statistics added some pressure on the US dollar. However, the dollar loss was within the correction range and did not testify any fundamental changes in the investors’ sentiment.

The news will publish more important information and forecasts about the expected indicators promise to be in the dollar favor. The GDP assessment for the third quarter showed the result + 3.9% q/q, the consumer confidence index by the Conference board in November fell to 88.7 in November. However, the production index in the Richmond Fed influence zone was forecasted to decrease in November, and fell to 4 from 20 and the September house price index from the S & P / Case-Shiller for 20 megacities is increased to + 4.9% y/y.