The fundamental analysis of the EUR/USD currency pair

The trading at the Asian currency market on Friday was abrupting. The Euro showed mixed trading and, probably, it will demonstrate insignificant adjustments untill the investors determine the trading direction in the stock markets.
The Eurozone initial Purchasing Manager Index (PMI) exceeded the expectations in July, but they are still in the negative zone. The Germany business sentiment index, based on the Ifo survey results, came in better in July than it was estimated, a tick up showed all the components. Nevertheless, the EUR/USD pair gained about 10 points to 1,4220. It may be caused by slow reaction of the market players or by that the pair\' s growth stopped before 1,4300.

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Analyst: Vladimir Donin