Fundamental analysis for June 10, 2015

10 June, 2015

The US dollar is correcting. The dollar ended the day at the level of 95.29. The April trade balance and industrial production positive German statistics helped the pair to grow.

There was a negative trend in the securities market - the British bonds yield are reduced against the German ones and the USA Treasuries. In the light of this, the pound/dollar lost some positions. However, in late trade, the GBP/USD has managed to grow.

The January - March Japanese GDP was revised to the positive side and led to the dollar/yen decrease. The national currency devaluation affects positively the Japanese economy. These numbers show the highest positive growth since February.


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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...

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...

  


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