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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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...

EURUSD is having difficulties to go any higher

The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

  


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