Fundamental Analysis

In Japan – expensive currency, rising bond yields, lowering consumer spending

During trade session on Wednesday Japanese yen rose against the US dollar as a result of bond market volatility. USD/JPY pair shorted gains, lowering to 101.98 during Asian session, as it traded at 102.31 during late American session. US dollar stopped its expansion, which lasted three consecutive sessions. Government bonds yield rose by another 0.9%. […] Read more

Euro showed stability versus US dollar on positive data from Germany

EUR/USD pair was stable during early hours of Fridays European trade session after positive signal came from Germany, regarding consumer confidence and also on speculations about FED asset purchasing program exit in short-term. During later hours of Asian session, EUR/USD reached 1.2944, session highest value, after which consolidation followed at 1.2930-40. The pair was expected […] Read more

British pound on session high versus US dollar

GBP/USD pair reached session high versus US dollar during Thursday trade, after official GDP data from United Kingdom. The cross hit 1.5076 during European trade session, highest for today, after which consolidated at levels around 1.5070. Support was expected at 1.5012, lowest value for current session, while the pair was to meet resistance at 1.5100. […] Read more

US producer prices with widened decline

US demand still keeps a low profile, for today it became clear the Producer Price Index during April fell by 0.7%, compared to March 2013. This monthly drop of indicators value turned out to be the greatest since February 2010. Current decline of the index was driven mostly by decreased prices of energy products, which […] Read more

US dollar momentum postponed by uncertainty in expectation of the crucial US economic data tomorrow

The US dollar slowed its momentum during the trading session today, as most investors prefered to close their profitable positions and wait for the publication of series of crucial macroeconomic indicators on Wednesday. Major concern amongst investors again turns out to be Federal Reserve Banks intentions to reduce the scale of financial stimulus program or […] Read more

Germany’s ZEW Economic Sentiment almost unchanged

The major economic sentiment indicator for Germany, announced earlier today, has remained at levels, slightly higher during May, compared to the previous month. ZEW Sentiment has increased hardly by 0.1 points to 36.4. This news comes as a surprise, as the economic data for Germany, released today, showed some positivity. It became clear, that the […] Read more