Fundamental analysis for August 28, 2015

28 August, 2015

The Japanese and the US stock indices have grown, pointing out to the risk appetite increase. It supported the US currency and the US dollar solidly strengthened against all of its major opponents by the end of the day. The additional factor that increased the dollar popularity was the US economic data. The dollar index basket closed the trades at the mark of 95.21.

Two key factors contributed to the dollar growth. Firstly, the durable goods orders release was better than the consensus forecast - sales increased by 2% in July while traders expected decrease by 0.5%.

Secondly, there are positive factors in the debt market. During the day the US Treasury 10-years bond yields were increasing steadily upwards that contributed to the channel capital inflow into the US assets and ultimately it supported demand for the dollar.

Against this background, the EUR/USD pair trades ended with the quotations decrease; the pair GBP/USD had declined by the end of the day and the USD/JPY had strengthened.


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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

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Brent found a solid support after two day decline

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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

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