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Fundamental Analysis April 25
EUR/USD picked up 11 point today after US information disillusioned trader yesterday with new home deals falling admirably underneath desires. The euro was exchanging at 1.3828 in front of Mario Draghi's discourse this evening where he is relied upon to remark on the high cost of the euro.

GBP/USD gained 13 points to trade at 1.6796 as traders recovered from their disappointment in the MPC minutes. Speculators seem sure that the BoE was close to raising interest rates but the minutes showed that the members were not even considering a rate hike at this time and are waiting for more assurances that the economy is under full recovery.

AUD/USD recovered 4 points after Wednesday’s decline after inflation reported lower than expected. The AUD is trading at 0.9294 well below its April trading range. Even the declining US dollar did not help support the currency. Traders were hit with a decline in China manufacturing.

USD/JPY eased by 21 points as the US dollar declined to trade at 102.32 after the dollar declined on lackluster new home sales

Gold is flat for the day moving between gains and losses with no direction as traders take a breather after the situation in the Ukraine seems to have puffed out. Gold remains at the 1284.00 price level.