Fundamental analysis for June 03, 2015

3 June, 2015

The new trading week the US dollar began with a growth. However it fell yesterday - the dollar index basket (USDX) closed the trading day at the mark of 97.51. By the end of the day the pair EUR/USD had increased. Earlier it showed a decrease amid the US ISM manufacturing sector positive report.

During the day the pair GBP/USD was under pressure after the UK manufacturing sector PMI weak data. Nevertheless, the trading day ended with the quotations increase. The Bank of England in its quarterly economic forecast, published in early May, pointed out to the real estate sector decline. However, according to the April data - the mortgage loans volume rose up to the mark of 42.1K that smoothes the negative picture.

The US production sector ISM index positive data point out to the US economy recovery after recession in the first quarter which accelerated the pair USD/JPY growth. However the pair by the end of the day had decreased.


Source link  
Asian equity indexes mixed

Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...

Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...


Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...

Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

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...

  


Share: