Fundamental analysis for June 23, 2015

23 June, 2015

The EUR/USD lost some ground expecting the EU emergency summit regarding the Greece situation, as well as the German bonds yield reducing to their counterparts from the US and the UK.

The GBP/USD fell at the end of the trades. Earlier the pound slightly strengthened after the negative differential government bonds yields reduction in the UK and the US.

The USD/JPY lost the bearish sentiment background on the world's leading stock markets which caused the transactions carry trade closure. However the dollar strengthened and the pair increased.

Despite the relative stability which came from the dollar weakening rather than the euro increasing, the situation with Greece continues to worsen European investors’ mood. There was not adopted any Greek decision after the EU finance ministers meeting last Thursday which increases the default risks and the country's exit from the EU. Donald Tusk called an emergency meeting on Monday to decide the Greece fate. We expect the final agreement between Greece and creditors till the end of the week.


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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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