Fundamental analysis for May 28, 2015

28 May, 2015

The US dollar continued its winning streak - the dollar index basket (USDX) finished the last trading day at the mark of 97.37. Yesterday only the United States released a portion of macroeconomic statistics. The durable goods orders came out slightly worse than the forecasted medians while the Conference Board consumer confidence index exceeded the traders’ expectations. The US Treasuries short-term and long-term bond yields have been reduced after these statistics publication that encouraged bulls to long. As a result, the trading day the pairs EUR/USD and GBP/USD finished with the quotations decrease, the pair USD/JPY has increased.

According to the US Department of Commerce, the primary market home sales volume increased more than expected in April. According to the revised data, the index rose by 6.8% to the annual rate of 517,000 from the mark of 484,000 in March. According to the original data, economists had expected the primary market housing sales would increase to the level of 509,000 from 481,000 the previous month.


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: