Daily Technical & Fundamental Analysis

Fundamental Analysis | EURGBP| 03 of November
03 November, 2015 04:30

Fundamental Analysis | EURGBP| 03 of November

On Monday there were released important data from the eurozone and from Britain. Morning data from Spain, in particular the PMI index for manufacturing, was published with a decrease from 51.7 to 51.3 against the expected of 51.9. But in Italy, the business activity index released better than expected and, ultimately, increased from 52.7 in September to 54.1 in October. In France there was a slight decrease from 50.7 to 50.6, but it is not affected to position of the overall picture.

Fundamental Analysis | EURUSD / GBPUSD | 02 of November
02 November, 2015 11:56

Fundamental Analysis | EURUSD / GBPUSD | 02 of November

Closing of last trading week was quite unexpected in terms of growth of the British pound. On Friday, the "British" was rising against the US dollar on 160 pips, finally closed with an increase by 117 pips. This can be explained by the belated reaction to the US GDP (1.5% vs. 1.6%) due to weak data on consumers revenues and expenditures in the United States, as well as the downturn of stock market: S&P500 -0,48%.

Fundamental Analysis | EURUSD / GBPUSD | 30 of October
30 October, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 30 of October

Good enough macroeconomic indicators in the euro zone and in the UK contributed to correction of the dollar against major currencies. The number of unemployed in Germany fell by 5 thous against the expected -4 thous. The unemployment rate to a seasonally adjusted remained unchanged at 6.4%. Following released the data on lending in the UK.

Fundamental Analysis | EURGBP| 30 of October
30 October, 2015 04:30

Fundamental Analysis | EURGBP| 30 of October

Yesterday for the single currency passed much calmer on background of the previous one. The euro was able to win back almost a half lost positions at the British pound the previous day. In many ways it was due to a good data from Germany. At the beginning of European session there was released German data on labor. The number of unemployed fell by 5 thous against the expected decline by 4 thous.

Fundamental Analysis | EURUSD / GBPUSD | 29 of October
29 October, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 29 of October

Yesterday's meeting of the Fed's was exactly in line with our expectations in relation to the tone of statements. Comments of FOMC appeared passive-aggressive, it could be interpreted as a possible rate increase in December. In the text of speech there was no statements about Europe and its monetary policy of easing, also has been removed thesis of China's external impact on the US economy.

Fundamental Analysis | EURGBP| 29 of October
29 October, 2015 04:30

Fundamental Analysis | EURGBP| 29 of October

While yesterday all market participants are expecting for the FOMC decision on US basic interest rate, EURGBP pair came close to the level of 0.7250. However, the single currency could not consolidate the success and started to decline against the "British" again.

Fundamental Analysis | EURUSD / GBPUSD | 28 of October
28 October, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 28 of October

Yesterday's disappointing news came out from both sides of the Atlantic. Preliminary data from the UK on change of volume of GDP released with a decreasing from 0.7% to 0.5% for the third quarter, the forecast was at 0.6%. Meanwhile, in the US volumes of orders for durable goods fell to 1.2% against the expected 1.1% m / m and prior -3.0%. The same index excluding transport equipment fell to the level of -0.4% against the neutral 0.0% m/m.

Fundamental Analysis | EURGBP| 28 of October
28 October, 2015 09:15

Fundamental Analysis | EURGBP| 28 of October

On Tuesday, British preliminary data on changes in GDP indicated the anticipated decrease to 0.5% in the third quarter against forecast of 0.6% and 0.7% in the second quarter. The index of activity in services also released with a reduction to 0.9%, despite the positive expectations at 1.0%. Services sector is still the fastest growing in the UK economy, it showed 0.7%, the manufacturing and construction sectors conversely showed reduction.

Fundamental Analysis | EURUSD / GBPUSD | 27 of October
27 October, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 27 of October

Yesterday's data on indexes of sentiments released in disappointing overall result. However, unexpectedly weak indicators from the US housing sales in primary market alleviated the situation on market: 468 thous. in October against 529 thous. in September, as a result index decreased to -11.5% m/m. Despite the increase of index of economic expectations from IFO from 103.3 to 103.8, it did not add positive to single currency. The index of manufacturing activity from the Dallas Fed decreased from -9.5 to -12.7.

Fundamental Analysis | EURGBP| 27 of October
27 October, 2015 04:30

Fundamental Analysis | EURGBP| 27 of October

Start of a new week on the markets in Europe was rather calm. After considerable fluctuations the euro and the pound moved to a technical correction. Yesterday it was expected to yield important data from Germany and the UK. However, any special influence on quotes, they did not affect.

Fundamental Analysis | EURUSD / GBPUSD | 26 of October
26 October, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 26 of October

Friday's data from the eurozone was released better than expected. The index of business activity in the manufacturing sector was released at 52.0 last month, compared with forecasts of 51.8. The indicator of business activity in services sector also showed an increase to 54.2, compared with the previous month of 54.2.

Fundamental Analysis | EURUSD / GBPUSD | 23 of October
23 October, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 23 of October

Yesterday's speech of ECB President Mario Draghi, as expected, gave rise to strengthening of the US dollar. A few hours earlier, there was another important event: the British pound rose sharply by 80 points against the background of good data on changes in retail sales, taking into account fuel costs.