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  
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...


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...

  


Share: