Fort Financial Services - Analytics

    Fort Financial Services

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    Fundamental analysis

    EUR/USD (a 4-hour chart)

    The USA statistics was the focus of our attention yesterday (Initial Jobless Claims 274K vs forecast 260K). Today we expect Non-Farm release.

    Europe celebrated the Ascension Day and many European Central Banks did not work. Despite the day off the market was volatile and the pairs EUR/USD and GBP/USD decreased.

    The UK published Services PMI that fell more than expected (52.3 vs. expectations 53.5).

    Friday is the first working day in Japan after the long holidays. We expect a sharp growth of the yen. Even now, when the US stock market decreased, the USD/JPY showed a growth.


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