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.


Source link  
Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...

Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...


Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

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...

  


Share: