Fundamental analysis for August 26, 2015

26 August, 2015

The US dollar opened the trading week in the negative area – the dollar index basket lost 1.5%, having reached its lowest level for seven months. The Asian, European and American stock markets have added impulse to the dollar sales. The US dollar was sold against all the majors; as a result the dollar continued its decline and recorded losses. The US dollar showed the biggest minus against the euro and the yen which were bought out not only amid frustration over the Fed policy outlook, but also as the refuge currency that was sold earlier in the transactions on the interest rates difference. However, when the stock market began to form reducing correction at the end of the trading session, the dollar got little support and was able to neutralize some of the losses.

The pair EUR/USD had strengthened amid the investors’ escape from the "risky assets". Nevertheless the pair fell by the end of the day.

The pair GBP/USD had increased amid the UK government bond yields increase. However by the end of the day the pair showed a sharp decrease.

The pair USD/JPY had declined. The demand reasons for the Japanese currency are similar as for the euro that is the carry trade transactions closure. This pair also changed the movement direction and corrected upwards.


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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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