Fundamental analysis for June 12, 2015

12 June, 2015

Yesterday the pair EUR/USD had increased amid the German 10-years bond yields rapid growth. At the moment the German 10-year bond yields reached the mark of 1.02%. However, the pair fell by the end of the trades.

The pair GBP/USD had increased as well amid the April UK industrial production positive release and high oil prices. Nevertheless, the pair slightly fell at the end of the day.

The chief newsmaker has rightly become the Bank of Japan governor Mr. Kuroda who noted in his speech that the Japanese yen is oversold. Against this background, the pair USD/JPY had decreased. By the end of the day the pair showed a growth.

In May the US domestic market car sales increased by more than 1 million units. The Conference Board indicator of consumer confidence indicator increased by 1.1 p at the end of May in comparison with the previous month which also points to the strong data output. The initial jobless claims release came out at the level of 279 000 against forecasted 275 000


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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...

Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...


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...

  


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