Fundamental analysis for June 26, 2015

26 June, 2015

The EUR/USD was trading in a flat above the support level of 1.1150. Traders took a pause after euro strong sales in spite of the debt market negative trend.

The GBP/USD lost its ground after the negative government bonds yields expansion in the UK and the US. However the pair slightly increased at the end of the day.

The USD/JPY has set a new 5-day high of 124.38, after which traders decided to take some profits on long positions as a result the market made a technical correction to 123.50.

Rumors that Greece may again return to the EU leaving discussion led to a renewed euro decrease. In addition, the Greek Prime Minister Tsipras confirmed that the creditors rejected the list of proposals recently submitted by Athens.

The number of the USA unemployed who applied for unemployment compensation came to 271 000 with 273 000 forecasted. The previous record was 267 000.


Source link  
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...

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...

  


Share: