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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Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

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...

  


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