Fundamental analysis for May 25, 2015

25 May, 2015

After three consecutive days quotations steady growth the US dollar was under slight pressure, but at the end of the week it increased against the majors. The dollar index basket (USDX) finished the trading day at the mark of 95.33. During the day the pair EUR/USD increased amid the German 10-year bond yields growth. Traders ignored even the Germany PMI manufacturing sector negative release which has been declining for the second month in a row. However the pair fell at the end of the trades.

The UK strong retail sales data for April contributed to the GBP/USD quotations growth which had increased. Nevertheless the pair decreased by the end of the day.

Correction in the Japanese stock market with the US secondary market housing sales negative report put pressure on the pair USD/JPY, but it had increased by the end of the day.

The US March labor market looked moderately negative. Average earnings increased by only 0.2% while the unemployment rate remained unchanged and only 85 thousand of job places were created in the private sector. The PPI index in April fell by 0.4%. In March the energy prices declined which also had a negative impact on the CPI.


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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...

Gold prices traded in green

The gold recovery stalled around 1235 dollars per ounce on Monday. Buyers did not find any reason to move the price further. The precious metal was slowly declining...


Brent found a solid support after two day decline

Oil prices slightly rose on Friday morning due to the dollar's retreatment. However, Brent further growth was limited on the news that Russian oil production for February did change comparing to January...

Gold prices slightly fell

Gold prices retreated from fresh highs and spent the day in a consolidation. Sellers drove the spot to 1250 where the precious metal stayed in a tight range during the European session...

Oil prices recovered back

Oil prices rebounded from the oversold zone in the Asian session. Sellers failed to regain 55.50 and gave the way to buyers. Buyers took a chance and had reversed all Friday' losses by the Monday's noon...


Gold reached three-month highs

Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning...

The euro is under pressure amid growing concerns

The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

EURUSD is having difficulties to go any higher

The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

  


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