Fundamental analysis for May 22, 2015

22 May, 2015

The US dollar was trading different directed - the dollar index basket (USDX) finished the trading day at the mark of 95.64. By the end of the day the pair EUR/USD increased. Earlier the pair decreased amid the Germany and the US negative bond yields increase.

The Bank of England in its monetary policy last meeting minutes revised upwards the GDP forecast for the first half of the year which caused the profit-taking wave on the short positions within the pair GBP/USD which by the end of the day had increased.

The Japan GDP rose up by 0.6% in the first quarter which exceeded the traders’ expectations; however, this factor could not help the Japanese yen which was under pressure amid the carry trade transactions increase. By the end of the day the pair USD/JPY had increased.


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Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...

Gold has jumped to 1265 level

The resistance holds at 1280, support comes in at 1245.9. Major resistance is highlighted at 1295.4. Next target is set at 1350...

Gold prices bounced off

The spot was struggling to build onto the recovery during the night trades. Buyers lost their steam at 1265 where the pair found some fresh offers....


Golld turned around and reversed

The bullish trend remained intact on Tuesday. The price bounced from the upper limit...

Gold prices remained in a consolidation phase

Sellers led the spot to 1250 the other day but failed to break below the level. The price remained sandwiched between 1250 - 1255...

DAX grew amid a fresh buying interest

European stocks opened in green when markets recovered from Trump’s failure in Congress. Investors focused on Brexit...


Pound reached its monthly high

The pound remained in an upward channel on Tuesday. The price pulled back from its upper limit...

Brent maintained its ask tone

Sellers continued driving the benchmark lower after a brief pause at 50.80 dollars per barrel...

Gold prices remained in green

The bullish market structure remained in place on Thursday...

  


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