Fundamental analysis for July 20, 2015

20 July, 2015

The pair EUR/USD decreased at the end of the last week amid the commodity market sales and the pair EUR/GBP quotations decrease. The pair GBP/USD was traded in a narrow range. Earlier the pair decreased amid the US jobless claims moderately positive statistics as well as the US and the UK bond yields increase.

The pair USD/JPY has finished the trading day in the "green zone". Demand for the "risky assets" still supports bulls.

The US dollar is also going through hard times. Last week the Fed chairman Janet Yellen hinted that the rate hike would be this year. However, the specifics in terms of the rate hike possible timing traders still have not received. As a result, the statement impact on the dollar was minimal.


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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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