30, March 2015

Fundamental analysis

EUR/USD (a 4-hour chart)

The US dollar was able to compensate some of the lost positions - the dollar index basket (USDX) closed the trading day at the mark of 97.65. The pair EUR/USD showed an increase to the level of 1.1052 amid the strong demand for crude oil, but then bulls took profits that caused quotations decrease near 1.0830. At the end of the day the pair euro / dollar has decreased.

The UK retail sales positive release encouraged bulls to long. At the moment quotations reached the mark of 1.4993, but bulls failed to consolidate in this area as a result we had a technical rebound. However, the trading day within the pair GBP/USD ended with the quotations increase.

The pair USD/JPY was trading in a side corridor. Sales in the global stock markets intensified investors’ escape into the safe assets amid the lack of Japan and the US important macroeconomic statistics. By the end of the day the pair dollar/yen has decreased.