Fundamental analysis for June 04, 2015

4 June, 2015

The US dollar came under a sales wave – the dollar index basket (USDX) closed the trading day at the mark of 95.90. By the end of the day the pair EUR/USD had increased after the euro area inflation positive data as well as the positive expectations about "the Greek question" resolution.

It was expected that the ADP employment report as well as the services sector ISM index will be able to please the traders with the positive data. However the services sector ISM index came out worse then forecasted median and the ADP employment report – better then it was expected. The ISM manufacturing sector business climate index points out to the US economy growth which will contribute to the dollar increase.

By the end of the day the pair GBP/USD had increased amid short positions profit taking after the UK PMI construction sector positive releases.

The pair USD/JPY set a fresh 12-year high near the mark of 125.05 and after that traders started to close long positions. However after a slight decrease as a result, the trading day ended with the quotations growth.


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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

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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

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