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  
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...

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...

  


Share: