Fundamental Analysis April 23

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Fundamental Analysis April 23 Apr 23, 2014
EUR/USD picked up 20 focuses to exchange at 1.3813 staying inside its late exchanging reach with no Eurozone information and US information still before the businesses.
GBP/USD was the star performer today adding 35 points to trade at 1.6827. Decent factory production figures combined with another strong month for the labor market sent March’s index of US Leading Indicators higher.
AUD is trading at 0.9348 after trading as high as 0.95 just a week ago. The US dollar has climbed above the 80 level as is expected to continue to gain as US data supports the defrost of the US economy after the severe winter freeze.
USD/JPY was the most active currency pair on Monday and continues to climb on Tuesday trading at 102.67 above its average trading range as data released on the Easter Monday holiday upset traders and analysts.
Gold recovered a few dollars today moving between small gains and losses with little direction as tensions seemed to ease in Ukraine. Gold is trading at 1291.40. Gold recovered from early losses on Tuesday as the dollar gave back some gains, but sentiment among investors continued to be fragile on further outflows from bullion-backed funds.

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