Fundamental analysis for August 20, 2015

20 August, 2015

At the end of the trades the US dollar gave divergent results. The main week event was the Fed meeting minutes’ publication, the market was guided by the economic data. By the end of the day the pair EUR/USD had decreased amid the number of the US new foundations as well as the "black gold" market sales positive releases. The Eurozone statistics did not publish anything to support its currency. The pair consolidated after the decrease.

By the end of the trades the pair GBP/USD had decreased. Earlier the pair increased amid the UK positive inflation. The UK price pressures dynamics report showed that the annual inflation increased slightly in July - the consumer price index (CPI) is amounted to -0.2% m/m, 0.1% y/y which was a pleasant surprise for traders.

During the day the pair USD/JPY was in the narrow flat of 124.10-124.50 amid the moderate downward trend in global equity markets and under the technical factors influence that restrained the US dollar growth. However the pair fell by the end of the trades.


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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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