Fundamental analysis for June 22, 2015

22 June, 2015

Last week the pair EUR/USD strengthened amid the May US inflation moderately negative data. The final indicator is higher by 0.1% that is worse than traders had expected that increased pressure on the dollar. However the euro showed a decreased on the Friday’s trades.

By the end of the day the pair GBP/USD had increased amid the May UK positive retail sales increased by 0.2% which is a positive factor for the British economy. Nevertheless the pair slightly fell.

By the end of the day the pair USD/JPY had decreased amid the profit taking on the carry trade transactions in the morning.

The situation with Greece continues to deteriorate investors' sentiment. If Athens is not able to negotiate with creditors, Greece will lose the new financial assistance tranche that is necessary for the debts repayment to the IMF in the amount of 1.6 billion euros ($ 1.82 billion).

The Euro group finance ministers meet in Luxembourg while Greece is on the agenda. However, the Prime Minister Alexis Tsipras said that he would reject any offers that would force him to go to the "catastrophic" measures. It aggravates the prospects of signing the agreement. Speaking in the German parliament, Chancellor Angela Merkel said that the agreement with Greece was still possible.


Source link  
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...

Gold prices remained in a consolidation phase

Sellers led the spot to 1250 the other day but failed to break below the level. The price remained sandwiched between 1250 - 1255...


DAX grew amid a fresh buying interest

European stocks opened in green when markets recovered from Trump’s failure in Congress. Investors focused on Brexit...

Pound reached its monthly high

The pound remained in an upward channel on Tuesday. The price pulled back from its upper limit...

Brent maintained its ask tone

Sellers continued driving the benchmark lower after a brief pause at 50.80 dollars per barrel...

  


Share: