Fundamental analysis for July 17, 2015

17 July, 2015

The political and the US economy statistics news supported the dollar. The US currency rose against the euro, the yen, and against the British pound. The greenback purchases were started after J.Yellen's speech in the Congress USA. She confirmed that the regulator is approaching to the monetary policy tightening and the key interest rates growth in the current year.

According to the US Labor Department the initial jobless claims number became less than 15 thousand having fallen to 218 thousand.

On the yesterday’s trades, the EUR/USD lost some points amid the US Federal Reserve head stated that the regulator is set to raise the rates this year. The GBP/USD fell after the negative labor market release. The unemployment rate rose to 0.1%, prompting long positions profit-taking. The pair USD/JPY increased amid the "risky assets" demand, as well as BoJ the negative inflation outlook.


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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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