Fundamental analysis for June 11, 2015

11 June, 2015

We had a multidirectional trend yesterday still the day the EUR/USD finished with an increase. The pair GBP/USD had decreased in spite of the UK April positive trade balance. However the pair increased by the end of the day. The pair USD/JPY had grown upwards amid the Tokyo stock exchange sales which contributed to the carry trade transactions closing and the demand for the Japanese yen. Then the pair sharply fell.

The US dollar keeps strengthening – the Treasury two-years bond yields which reflect investors' expectations about the Fed interest rates may show a growth above the level of 0.75%. The current profitability level is 0.71% and therefore it is quite difficult to count on the dollar bullish sentiment. The May US retail sales positive report can change the situation, we expect the report today.

The US Federal Reserve meeting will be held a week later there on June 16-17. However, some analytics believe that even at this meeting the US central bank will dare to start its monetary policy tightening. Still markets are hoping that the Federal Reserve governor Janet Yellen will give a hint at the end of the press conference when to wait for this event.


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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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