Fundamental analysis for June 19, 2015

19 June, 2015

The main event of the day was the US Federal two-day meeting results announcement. Most the world leading investment banks' economists expect the Federal Reserve positive forecasts still the FOMC representatives sent the dollar to the knockout. The key forecasts for GDP, unemployment and interest rates have been revised to the negative directions which together with uncertainty in relation to the federal funds rate first increase have had significant pressure on the US dollar.

In the light of this the pair EUR/USD has increased, the pair GBP/USD has increased as well, the pair USD/JPY has fallen.

There was the Euro group meeting where they discussed "the Greek debt" solutions. The Greece and the Germany 10-year government bond yields have been increasing for four trading days in a row that pointed out to the low probability of a compromise. Even if the parties were able to reach a consensus - the negotiations would be very long.

The USA published a weekly initial jobless claims report. There was 267 thousand claims last week, While analysts had expected 276 thousand.


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Positive market sentiment persists

On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...

Equity markets continue to decline

The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...

Asian equity indexes mixed

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Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...

Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


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...


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