23 October, 2015 04:30
Fundamental Analysis | EURGBP| 23 of October
Yesterday was the most important day for the European currency. The Governing Council of the ECB announced its decision on interest rates. As expected by many market participants, the European Central Bank left the interest rate unchanged at its lowest level of 0.05%. Although the question of increasing was raised. Deposit rate, and the rate on loans retained their previous value at 0.20% and 0.30% respectively.
22 October, 2015 09:15
Fundamental Analysis | EURUSD / GBPUSD | 22 of October
In yesterday's trading the US dollar was able to show the greatest strength on its background the euro has lost 6 points yesterday, the British pound - 26 points. The Bank of Canada left its key interest rate unchanged at 0.5%. It also lowered its forecast for 2016 to 2.0% (2.3% the past value), and for 2017 to 2.5% (2.6% was expected).
22 October, 2015 04:30
Fundamental Analysis | EURGBP| 22 of October
At yesterday's trade to the middle of the day euro was slowly growing in value against the background of indecisive pound. However, after the release of positive data from the UK, all confidence of euro was gone. Net volume of borrowed funds of the public sector showed results even better than expected: 8.6 billion pounds, against the expected 9.1 billion.
21 October, 2015 09:15
Fundamental Analysis | EURUSD / GBPUSD | 21 of October
Yesterday's trading session ended with a serious negative for the euro zone. Euro-Zone Current Account of the ECB showed a reduction from 25.6 billion euros to 17.7 billion, the forecast is expected to reach 20.1 billion. A similar situation was about a year ago, when Europe was going through a shake-out of Greece and Ukraine. The downturn in the US economy in the last quarter of previous year (GDP fell from 4.3% to 2.1%) also contributed to this factor.
21 October, 2015 04:30
Fundamental Analysis | EURGBP| 21 of October
Yesterday's resistance of the euro against the gaining strength pound in last week has been caused by optimism about the release the ECB's decision on basic interest rate, which will be published on Thursday. In fact, there are two solutions. The first - is that weak economic growth and low inflation in the region should affect the ECB's adoption of new stimulus measures.
20 October, 2015 09:15
Fundamental Analysis | EURUSD / GBPUSD | 20 of October
Trades on Monday has passed relatively quietly. Yesterday's news from China about the volume of GDP as well as data on industrial production, in fact, were the main events of the day. There were not other significant news and traders shifted their attention to the forthcoming meeting of the ECB. By the close of session, the euro lost 22 points, the pound sterling conversely increased by 22 points.
20 October, 2015 04:30
Fundamental Analysis | EURGBP| 20 of October
Yesterday's trading for the single euro currency ended with recession. Market participants are waiting for the report of the ECB's main interest rate on Thursday. Opinions of traders were divided: some believe that the bank will continue to expand the program of quantitative easing, while others tend to believe that there will not be any changes.
19 October, 2015 09:15
Fundamental Analysis | EURUSD / GBPUSD | 19 of October
At the close of trading session last week, the European single currency and the "Briton" could not carry out the correction, despite several attempts. This is primarily due to the weak macroeconomic indicators.
16 October, 2015 09:15
Fundamental Analysis | EURUSD / GBPUSD | 16 of October
Yesterday's session for the euro ended with the loss of 90 points, that was the reaction of traders in the US inflation data, who continued to put pressure. The Consumer Price Index for September fell by 0.2%, agreed with the forecasts. In annual terms, the CPI showed 0.0% against the expected 0.1%. Core CPI rose at an annual rate by 0.1% to 1.9%.
16 October, 2015 04:30
Fundamental Analysis | EURGBP| 16 of October
Yesterday's morning session started with a negative for the euro. The euro did not find the answer to strong data on UK and fell down. The British pound, meanwhile, in addition to the background of the weakening dollar, is demonstrating logical force. Now, however, the attention of traders focused on situation in the United States.
15 October, 2015 11:51
Fundamental Analysis | EURUSD / GBPUSD | 15 of October
After the release of yesterday's data from China on inflation and the weak indicators of US retail sales, investors began to doubt the Fed's December rate increase. The dollar is no longer able to hold its positions and begins to decline under pressure of the euro and the pound.
15 October, 2015 04:30
Fundamental Analysis | EURGBP| 15 of October
Trading session on Wednesday was quite positive for the British currency. The pound was able to win back some of the lost ground the previous day, and expand the market for itself in the right direction, against the euro. Europe was not be able to answer anything significant.