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.


Source link  
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...

Gold prices remained in a consolidation phase

Sellers led the spot to 1250 the other day but failed to break below the level. The price remained sandwiched between 1250 - 1255...

DAX grew amid a fresh buying interest

European stocks opened in green when markets recovered from Trump’s failure in Congress. Investors focused on Brexit...


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...

  


Share: