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  
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...

Gold prices slightly fell

Gold prices retreated from fresh highs and spent the day in a consolidation. Sellers drove the spot to 1250 where the precious metal stayed in a tight range during the European session...

Oil prices recovered back

Oil prices rebounded from the oversold zone in the Asian session. Sellers failed to regain 55.50 and gave the way to buyers. Buyers took a chance and had reversed all Friday' losses by the Monday's noon...


Gold reached three-month highs

Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning...

The euro is under pressure amid growing concerns

The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

EURUSD is having difficulties to go any higher

The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

  


Share: