Fundamental analysis for September 04, 2015

4 September, 2015

The US currency was able to return some positions which had been lost the day before - the dollar index basket (USDX) finished the trading day at the mark of 95.85. There was the ADP private sector employment level report published. The August data did not meet the market expectations - the actual number of jobs, created in the private sector, amounted to 190 thousand against the forecasted 201 thousand. Nevertheless, traders chose to ignore the publication and continued to buy the US currency. The United States published the jobless claims weekly report. According to the US Labor Department the initial jobless claims number became more than 12 thousand having increased to 282 thousand.

The pair EUR/USD has decreased amid the Germany and the US negative government bond yields. On Thursday investors focused their attention on the ECB decision on the monetary policy and on the Mario Draghi's press conference. The ECB kept the interest rates unchanged at 0.05%.

During the day the pair GBP/USD was within the flat. Investors took profits on the short positions after the six days downward movement. On Thursday investors study the August UK service sector business activity index. The index decreased to 55,6.

The pair USD/JPY had increased amid demand for the "risky assets". Nevertheless, then the pair decreased.


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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...

  


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