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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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...

Gold prices remained in green

The bullish market structure remained in place on Thursday...

  


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