Alpari Fundamental reports


EURUSD: recovery to 1.1771
On Thursday the 17th of August, trading on the euro/dollar closed down. The daily candlestick closed with a range of 127 pips. The euro survived the ECB’s monetary policy meeting accounts. The price first jumped from 1.1663 to 1.1714. During the US session, the bulls managed to get it back up to 1.1754.



Daily analytical report (17/08/17)
Today we look at the reaction to the FOMC minutes published last night. In focus today are gold, WTI and DAX.



EURUSD: correction expected after growth to 1.1816
On Wednesday the 16th of August, trading on the euro closed in the black. The single currency was under intense pressure leading up to the release of the FOMC minutes. It first fell against the dollar after a report from Reuters that ECB president Mario Draghi wasn’t planning any significant monetary policy statement in the speech he’s set to give at the Jackson Hole symposium. Sellers later came into play after the publication of strong UK data.



ECB's Draghi will not deliver fresh policy steer at Jackson Hole: sources (news: 16/08/17)
FRANKFURT (Reuters) - European Central Bank President Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve's Jackson Hole conference, two sources familiar with the situation said, tempering expectations for the bank to start charting the course out of stimulus.



Daily analytical report (16/08/17)
Volatility has subsided after a turbulent week and things are looking up for the US dollar. Today, our focus will be on EURUSD, AUDUSD, and EURJPY.



British data puts the euro under pressure
Volatility on the euro/dollar pair during the European session is off the charts. At the beginning of the session, the single currency rose to 1.1758 before dropping to 1.1691 (-67 pips) in the space of 25 minutes. This drop was the result of a report from Reuters that ECB president Mario Draghi wouldn’t be delivering any new messages on monetary policy at the US Fed’s Jackson Hole conference on the 25th of August.



EURUSD: correction to continue to the LB line
On Tuesday the 15th of August, trading on the euro/dollar pair closed in the red. In the US session, the euro fell against the dollar to 1.1687. Strong retail sales data coupled with an abating of tensions surrounding North Korea provided support for the greenback. Previous negative retail sales figures were revised upwards to positive values. US 10Y bond yields jumped to 2.284%.