Fundamental analysis for June 09, 2015

9 June, 2015

Last Friday main event was the May US labor market report. All traders were looking forward to this release as it had to give an answer whether the US economy stood on the growth path after the first quarter recession or not and whether the Fed is going to raise the federal rates this year. It is worth noting that the data met the traders’ expectations who bet on the US dollar growth. The Non-Farm index came out at the level of 280 thousand, the average earnings increased by 0.3%. The US Treasury two-bond yields immediately increased to the level of 0.752%, having set a new maximum for the last four years. Against this background, the pairs EUR/USD and GBP/USD had decreased. However these pairs fell by the end of the day.

The Japan Central Bank foreign exchange reserves growth with the high level of Japanese securities purchases by foreign investors points out to the capital income into the country. Nevertheless the pair USD/JPY has decreased.

Germany published the industrial production report. It was expected that it might please the traders with the positive data amid the industrial orders growth. As a result the release showed a growth 0.9%m/m and 1.4% y/y.


Source link  
Positive market sentiment persists

On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...

Equity markets continue to decline

The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...

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...


In the past 24 hours Bitcoin has gained 10.15% and reached $7404.96. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.1166% and is now at $1.1665. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 13.49% and is now at $499.816. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets90%
2FXTMFXTM88%
3HYCMHYCM86%
4FIBO GroupFIBO Group79%
5FxProFxPro78%
6FXCMFXCM73%
7AvaTradeAvaTrade69%
8HotForexHotForex68%
9XMXM68%
10Alfa-ForexAlfa-Forex66%
  


Share: