Fort Financial Services - Analytics

    Fort Financial Services

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    Fundamental analysis

    EUR/USD (a 4-hour chart)

    The US dollar is correcting. The dollar ended the day at the level of 95.29. The April trade balance and industrial production positive German statistics helped the pair to grow.

    There was a negative trend in the securities market - the British bonds yield are reduced against the German ones and the USA Treasuries. In the light of this, the pound/dollar lost some positions. However, in late trade, the GBP/USD has managed to grow.

    The January - March Japanese GDP was revised to the positive side and led to the dollar/yen decrease. The national currency devaluation affects positively the Japanese economy. These numbers show the highest positive growth since February.


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