Fundamental analysis for July 03, 2015

3 July, 2015

The EUR/USD fell after the US positive business climate report in the manufacturing sector. The index has risen to its highest level in the past five months, indicating to the USA economic growth acceleration. The pair slightly increased by the end of the day.

The GBP/USD ends two trading days in a row at "minor note." The British currency came under a wave of sales after the negative UK manufacturing sector PMI publication. The long-term interest rates growth has a negative impact on the mortgage market. The mortgage loans approved applications number decreased in May by 3.1 thousand, while the mortgage is the main growth driver in the construction sector.

The pair USD/JPY fell amid the risky assets demand. However the pair decreased amid the dollar weakness.

The dollar consolidated when investor strengthened in the opinion that the Fed will raise the interest rates before the end of this year. The ADP National Employment Report showed that the June new jobs number in the US private sector was 237,000 vs. the forecast - 218,000.

We got the ambiguous statistics from the USA: on the one hand the unemployment fell from 5.5 to 5.3%. The initial jobless claims number rose by 10,000, reaching 281,000. The NFP amounted 223,000, the previous index was above 250,000.


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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...


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...

  


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