Fundamental analysis for July 22, 2015

22 July, 2015

The fact that Greece paid some of its debts had no effect on the market as it was fairly predictable. If we look at the picture from a broader perspective, it is clear that the words "the need to restructure" or even "the debt cancellation" have been recently heard too often. It is unclear where the new negotiations round on the financial assistance program will lead us. However, we can say with some confidence that it will be no worse period for the euro. The main negative factor is already found in the price and under favorable circumstances we can see the euro bears' enthusiasm growth. The dollar’s index decreased against the majors by the end of the day.

The pair EUR/USD was traded in the flat amid the US and Eurozone important macroeconomic statistics publication lack. The pair closed the trades with the euro growth.

The pair GBP/USD was traded in a flat. Earlier the pound had decreased amid the UK and the US negative bond yields increase.

The pair USD/JPY had increased amid the "risky assets" demand. However, the pair sharply decreased by the end of the day.


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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...

EURUSD is having difficulties to go any higher

The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

  


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