Daily Technical & Fundamental Analysis

Fundamental Analysis | EURUSD | 6 of October
06 October, 2015 07:30

Fundamental Analysis | EURUSD | 6 of October

Yesterday's news from Europe was quite different. A number of countries was accountable for the index of purchasing managers in the services sector. In Spain, Italy and Germany, this PMI indicator was not able to meet the expectations of traders and came out with the following data: Spain - 55.1 (forecast 59.7), Italy - 53.3 (forecast 54.8), Germany - 54.1 (forecast 54.4).

Fundamental Analysis | EURUSD / GBPUSD | 5 of October
05 October, 2015 12:38

Fundamental Analysis | EURUSD / GBPUSD | 5 of October

Friday's data on labor, as we expected, came out worse than official forecasts. However, the main news was not so much change in exchange rates, as rapid decline of the probability of a rate increase this year. Market participants now expect a rate increase in October, with a probability of 6%, and in December - 28%.

Fundamental Analysis | EURUSD / GBPUSD | 2 of October
02 October, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 2 of October

Most of macroeconomic indicators remained positive for the euro area. PMI index in the manufacturing sector of the eurozone remained unchanged in the final assessment in October at the level of 52.0.

Fundamental Analysis | EURUSD / GBPUSD | 1 of October
01 October, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 1 of October

On the September 31, investors' sentiments on the British pound tried to give GBPUSD downward movement, which we predicted on Tuesday. Several important macro-economic indicators were published yesterday, but they are not affected in the overall picture of economic problems.

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

Fundamental Analysis | EURUSD / GBPUSD | 30 of September

On yesterday's Tuesday the pound had all chances to start an upward trend, but the bearish sentiments, which are now on market, did not allow that. The number of approved applications for mortgage loans increased by 2 thous., against the previous month of 71 thous. The volume of net loans to individuals showed 4.3 billion pounds against 4.0 in July.

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

Fundamental Analysis | EURUSD / GBPUSD | 29 of September

Yesterday's data on indicators of costs and revenues in the US came out with a positive result. Change the level of expenditures of population came out better than expected: 0.4% against the expected 0.3%. The July index came to the same value after review - 0.4% against 0.3% last month.

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

Fundamental Analysis | EURUSD / GBPUSD | 28 of September

The past trading week ended on a positive note for the final estimate of US GDP for the 2nd quarter: 3.9% vs. 3.7%. That is 2.25% per annum growth rates. Comparing the current macroeconomic indicators and GDP forecast, which was published by the Committee on the Fed's monetary policy (2.1%), it can be seen that the Fed is preparing for downturn in the 4th quarter, figures for the third quarter could reach 2.5-2.8%.

Fundamental Analysis | EURUSD / GBPUSD | 25 of September
25 September, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 25 of September

Thanks to the good news from the euro zone, single currency was able to grow up a bit. German business environment indicator of the IFO for this month increased from 108.4 to 108.5, against the backdrop of expected decline to level of 107.8. Italian retail sales also rose by 0.4% in July.

Fundamental Analysis | EURUSD / GBPUSD | 24 of September
24 September, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 24 of September

At the end of yesterday's trading session, the British pound fell by118 points again, but there was not any special occasion for that. Investors no longer so sure of the rate increase in October (18%), for December their confidence is 41%.

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

Fundamental Analysis | EURUSD / GBPUSD | 23 of September

The market is gradually returning to the sample of rate increases expectations. Yesterday's statements by representatives of CB Lockhart and Bullard have made it clear that rate increase in October is possible.

Fundamental Analysis | EURUSD / GBPUSD | 22 of September
22 September, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 22 of September

At the end of trading session on Monday, the euro fell against the "American" by 111 points. The British pound lost 22 points, "Aussie" - 56 points, the Canadian dollar - 29 points, oil strengthened by 3,43%, Dow Jones gained 0.77%.

Fundamental Analysis | EURUSD / GBPUSD | 21 of September
21 September, 2015 09:15

Fundamental Analysis | EURUSD / GBPUSD | 21 of September

Last Friday, there was strong turbulence in the currency market, associated with the effects of conservation rates. In other words, the market anyway would be remained in overactive condition as in case of increasing rate and with its conservation at near-zero levels.