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 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...

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...

  


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