Fundamental analysis for June 18, 2015

18 June, 2015

The pair EUR/USD has decreased amid the risks increase, concerning the "Greek problem" resolution. Athens is still not in a hurry to negotiate with the creditors which may put pressure on the euro. The Germany and the Greece negative bond yields have been decreasing for three trading days which points out to the risk increase. The traders’ attention was focused on the Fed economic forecast as well as on the FOMC chairman press conference. The Fed did not surprise the market and left the saved rate at 0.25%. By the end of the trades the pair increased.

By the end of the day the pair GBP/USD had increased amid the EUR/GBP decrease because of the "Greek factor", the Fed’s decision and the May UK inflation positive data. Yesterday the UK bond yields declined relative to the US and Germany counterparts which is a bearish factor for the pound.

The pair USD/JPY has been in the narrow flat for the third trading day- investors took a wait –and- see position in anticipation of the US Federal Reserve meeting results announcement. The Fed did not change the rate. Against this background, the trades ended with the price decrease.


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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

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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

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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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