Fundamental analytics

European currency gains marked the past trading week.

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while keeping an eye on the political agenda and especially, on the Republican-backed tax reform bill.

The dollar is falling against the euro and the pound continues to strengthen against the Japanese yen, setting a maximum in the last ten days.

Relying on rumors, bulls tried to drag the GBP / USD higher. Over the past three weeks, the price has already gained by more than 400 points and this potential is apparently not yet exhausted.

Yesterday  positive statistical data from the EU allowed to revert the pair EUR / USD higher. The data showed a decline in the unemployment rate in the EU to 8.8%, and an increase in the  inflation rate to 1.5%. 

Today in the first half of the European session, USD dollar traded somewhat stronger. Yesterday's sharp increase in yields on US bonds led to a significant USD dollar gain against the Japanese yen.

Yesterday at the Asian and European trading session the news agenda was rather light, as markets were under the influence of previous news drivers and continued to play out the patterns of past days.

Monday Europe: the UK construction PMI for November will be out as of 09:30 GMT. United States: factory orders for October are due for release at 15:00 GMT, with a 0.6 percent increase seen from a previous month 1.4 percent growth rate.

Asian equities were mostly lower on Thursday as oil quotes consolidated and as technology stocks dropped following a sold off in the US on Wednesday.

On Tuesday, global markets were able to change the mood and moved to gain, with some of the European markets recovering all Monday's losses amid a weaker euro and demand for energy and oil sectors.