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


Source link  
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...

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...

  


Share: