Fundamental analysis for August 27, 2015

27 August, 2015

The US currency strengthened against all of its major competitors at the end of the day and leveled part of the previous session losses against the euro and the yen. It returned almost all its losses against the pound and significantly strengthened. Such a turn of events was amid the fact that the China Central Bank lowered interest rates and reserve requirements, thereby assuring investors' willingness to take economic stimulating measures.

After the Monday and Tuesday global stock markets heated sales - it was already possible to observe the opposite trend on Wednesday. Demand for Asian, European and the US corporate bonds contributed to the short positions closure against the US currency. The US consumer confidence and new home sales positive data have increased demand for the dollar. Against this background, the trades within the pair EUR/USD have finished with the quotations decrease. The EU also presented the economic positive data, but they poorly supported the euro. By the end of the day the pair GBP/USD had decreased against the general sentiment within the dollar and in connection with the UK empty macroeconomic calendar. The pair USD/JPY is consolidating. Earlier this pair strengthened due to the fact that investors had stopped to take refuge in the safe haven yen.


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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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