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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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...

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...

  


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