Fundamental analysis for May 27, 2015

27 May, 2015

There was a rather quiet trade in the Forex market at the beginning of the week. The France, Germany, Switzerland, the UK and the USA public holidays are to blame. Among the major financial centers trades took place only in Tokyo and Hong Kong, but the main revenue comes from London and New York that rested on Monday.

As a result, there was a horizontal trend within the major currency pairs, but even against this background, the US dollar enjoyed moderate demand which confirms the US dollar bullish trend strength. Traders returned to the market yesterday, and the dollar rose significantly against major currencies.

The United States pleased traders with the moderately positive macroeconomic statistics. The durable goods orders report came out within the forecasted medians amid the weak car sales in April and the durable goods orders index excluding equipment transportation that was expected slightly better than the consensus forecast amid the employment and average earnings growth.

Investors reacted positively to the April US Core CPI growth which increased by 1.6% to 1.8% on the annual basis from the beginning of the year. There were rumors again in the market that the Fed was going to raise interest rates at the next meetings


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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...

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...

  


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