Fundamental analysis for July 30, 2015

30 July, 2015

By the end of the day the pair EUR / USD had increased amid the long positions profit taking before ECB meeting. After another Chinese stock market collapse traders spread the rumors that the American central bank would not still raise interest rates. After the meeting results it was expected to hear something about new external risks to the US economy which would lead to the immediate dollar sales and the pair EUR / USD growth.

As a result the last ECB meeting confirmed its plans to change the rates this year that supported the dollar.

The pair GBP / USD had increased as well after the UK second quarter GDP publication. The final index is above the level of 0.7%.

During the day the pair USD / JPY was growing. On the one hand, "bulls" were supported by the “risky assets" demand. On the other hand, the Conference Board consumer confidence weak data put pressure on the US currency.


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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...


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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

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Brent found a solid support after two day decline

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