Fundamental analysis for August 25, 2015

25 August, 2015

The market is more and more confident that the policy tightening is not to be in September, but, moreover, it will happen in December or even in the early 2016. It caused the US dollar decline by more than 150 points against the euro and about 140 points against the yen. The pound neither decreased nor increased against the US dollar and neutrally closed the trade on the opening prices.

Yesterday by the end of the day the pair EUR/USD had strengthened amid the German government bonds yields relative to their US and the UK counterparts. The euro bulls can be supported by the euro area economic data, presented by the manufacturing and the European bloc service sectors activity index preliminary estimates.

The pair GBP/USD was in a flat of 1.5670 -1.5715 amid the oil market "bearish" sentiment. The UK economic data have shown the state finances improvement. The pair increased by the end of the trades.

The Japanese stock market decline put pressure on the pair USD/JPY which by the end of the day had decreased. In addition, the yen growth was supported by the US stock market decline and the US "treasuries" decrease.


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Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...

Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...


Gold has jumped to 1265 level

The resistance holds at 1280, support comes in at 1245.9. Major resistance is highlighted at 1295.4. Next target is set at 1350...

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...

  


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