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Fundamental Analysis
Fundamental updates by Solid ECN
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[QUOTE="SOLIDECN, post: 214391, member: 80239"] [HEADING=1][JUSTIFY]EURUSD[/JUSTIFY][/HEADING] [JUSTIFY]The European currency shows flat trading dynamics, consolidating near 0.9950 and updating local highs from October 5. Yesterday, the pair EUR/USD showed a fairly active growth, which was due to a sharp correction in the US currency in response to the publication of disappointing statistics. The Housing Price Index in the US in August fell by 0.7% after falling by 0.6% in the previous month, while analysts' forecasts assumed a value of -0.3%. S&P/Case-Shiller Home Price Index fell from 16.0% to 13.1% YoY, which was worse than the expected 14.4%, and also became the most significant slowdown in the index on record. Analysts believe that the negative dynamics will be reflected in the monetary policy of the US Federal Reserve. Despite a sharp decline in home prices, activity in the real estate market is yet to recover, as mortgage rates have alienated potential buyers, who are now more focused on meeting basic needs. In turn, some support for the euro on Tuesday was provided by data from Germany, where the index of Business Climate from the Institute for Economic Research (IFO) corrected from 84.4 points to 84.3 points in October, while expectations were at 83.3 points. The indicator for Current Assessment, in turn, decreased from 94.5 points to 94.1 points, with the forecast for a fall to 92.4 points, and the index of Economic Expectations increased from 75.3 points to 75.6 points, while analysts assumed its correction to 75.0 points. [img]https://iili.io/DULZBV.md.png[/img][/JUSTIFY] [/QUOTE]
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