Fundamental analysis for July 09, 2015

9 July, 2015

It is known that the EU has set Greece five-day deadline. During this period the country should give creditors new detailed offers package. It was mentioned that otherwise" the EU is ready for Greece exit.

This news triggered risk escape and investors started to look for the safe haven assets such as the yen, the dollar, Treasuries, etc. It should be noted that the dollar decreased amid FOMC minutes publication

Yesterday the pair EUR/USD decreased amid the oil market sales. During the day the Brent crude oil fell to the level of 55.45 that is the lowest level over the last three months. However, the euro corrected upwards by the end of the day.

By the end of the day the pair GBP/USD had decreased. Besides the commodity market negative dynamics the UK processing industry production volume weak data caused pressure on the British pound.

The pair USD/JPY finished the trading day in the "red zone" amid demand on the "safe haven assets" amid the instability around Greece.


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Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...

Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

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...

  


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