Fundamental analysis for June 17, 2015

17 June, 2015

The pair EUR/USD was in the flat amid the risk growth from the Greece part and the US industrial production negative statistics. By the end of the trades the pair fell.

There was a demand for a pound after the US weak industrial production release publication and the trading day the GBP/USD ended with the quotations growth.

During the day the pair USD/JPY was in the narrow flat. On the one hand, bears shorted amid the world stock markets sales. On the other hand, bulls built up long positions on dips based on the uptrend continuation.

Greece continues to draw the markets' attention. The new week started with another negotiations failure with the Greece international creditors that increases concerns about the country possible exit from the EU. The Greek Finance Minister Varoufakis rejected the possibility of the Greek exit from the EU: the Euro group finance ministers shall meet on Thursday and analysts say it will be the last chance for Greece which will have to pay 1.6 billion euro ($ 1.80 billion) to IMF on 30 June. The current financial aid program also ends this day.


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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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