Fundamental analysis for June 29, 2015

29 June, 2015

The trading was quite enough last week. The EUR/USD was mostly in a flat above the support level of 1.1150. Investors are waiting how the Greece situation will be solved and in no hurry to open new positions. By the end of the trades the support level of 1.1150 was tested and the pair decreased.

The GBP/USD decreased after of the cross-rate EUR/GBP falling which supported the demand for the British currency. However, in general, the pound is consolidating.

The USD/JPY has lost ground amid the US and Japanese market shares downward trend. Nevertheless the pair slightly increased amid the US economic data

Meanwhile, market sentiment remained under pressure as talks between Greece and its creditors broke down again on Thursday. Greece has critical little time to find money before the impending deadline (30 June), we remind you that Greece has to pay loans in the amount of 1.6 billion euros to the International Monetary fond. If Greece misses the payment, it may declare a default which could cause its going out from the euro zone.


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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...


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...

  


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