Fundamental analysis for June 15, 2015

15 June, 2015

The foreign exchange market is still living in conditions of high volatility and fundamental unpredictability. The investors' attitude towards the US retail sales positive release was quite sluggish; the Treasury two-year bond yields have hardly exceeded the last week maximum level as soon as there was the rebound to the previous positions. The S & P agency has downgraded the Greece sovereign rating to CCC with a negative forecast. In the press release it was stated that the S & P agency assesses the very high default probability within the next 12 months. And at once the Greece stock market increased by 8% at the end of the day! The Greece and the Germany bond yields have declined that point out to the low risk. The pair EUR/USD had decreased amid the US retail sales positive data for May. Nevertheless, the euro showed a slight growth at the end of the trades.

By the end of the day the pair GBP/USD had declined- the pair EUR/GBP quotations decline restrained the British pound sales. However the pair increased on Friday’s trades.

The US positive statistics with the upward trend in the US and the Japanese stock market supported demand for the pair USD/JPY which by the end of the day had increased. Nevertheless the pair closed the trades with a growth.

The June Michigan Consumer Sentiment Index came out at the level of 94.6. It was expected at the level of 91.4.


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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...

  


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