Fundamental analysis for August 18, 2015

18 August, 2015

There was a multidirectional movement in the currency market. The chief troublemaker was the China Central Bank, it did not give any reason for the emotions surge and set the daily yuan fixing against the dollar almost without changes compared with the previous day, it has made it clear that the bank keeps to its stabilization promises.

By the end of the day the pair EUR/USD had decreased amid the weak France, Germany and the Eurozone GDP data. The Eurozone and its major countries GDP assessment showed a growth, but it was worse than forecasted. The euro was supported by the Greece policy information plan.

the pair GBP/USD had increased amid the UK and the US negative bond yields decline. In addition, the impression was caused by the UK controversial employment report somewhat blunted and the pound rose up against the US dollar in the news absence that can add negativity. However the pair’s growth was short-term and the pair fell by the end of the day.

By the end of the day the pair USD/JPY had decreased amid the investors escape from the carry trade transactions which supported the demand for the yen as a funding currency. The Japan stock market has declined that slightly increased interest to the yen, the US shares increase allowed the dollar only to neutralize some of the losses.


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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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