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.


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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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