Fundamental analysis for June 08, 2015

8 June, 2015

At the end of the last week the US dollar was able to recoup some lost positions - the dollar index basket (USDX) finished the trading day at the mark of 95.45. By the end of the day the pair EUR/USD had decreased amid the longs profit taking after the US jobless claims positive report. After the US report the Germany and the US negative bond yields showed a reversal which also points to the bearish sentiment prevalence for the euro. The Non-Farm showed 228K as a result the dollar strengthened.

On the contrary, the pair GBP/USD had increased amid the pair EUR/GBP quotations increase which contributed to demand for the British pound.

The pair USD/JPY had strengthened. The US stock market sales restrained bulls from the large number of long positions opening. The pair dynamics was affected by the Non-Farm report


Source link  
Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...

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...

  


Share: