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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Dollar is “keeping stiff upper lip”. Overview for 29.09.2016
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The Dollar is “keeping stiff upper lip”. Overview for 29.09.2016

On Thursday afternoon, the main currency pair is trading quite calm; changes in sentiments on the oil market had almost no influence on the instrument.

The EUR/USD pair looks stable on Thursday. Yesterday evening, being influenced by a higher volatility on the market, the pair fell to 1.1175, but before the market closing it recovered up to 1.12 and higher. Today the price is trading in the range familiar to investors. The current quote for the instrument is 1.1222.

Today’s statistics proved to be in favor of the Euro. The business sentiment index in September increased up to 0.45 points against the predicted number of 0.1 points. The consumer confidence index this month was -8.2 points, just as expected. The Economic sentiment index improved significantly, up to 104.9 points against the expectations of 103.5 points.  

The industrial sector of the Eurozone looks very interesting. The IFO recovered up to -1.7 points against the predicted number of -4.1 pints.

Reports from Germany turned out to be neutral. The unemployment level in September remained the same, 6.1%.

This evening, one should pay attention to the statistics from the USA as the country is going to publish its weekly report on jobless claims and the final report on the GDP growth over the second quarter of 2016.  
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