Fundamental analysis for September 07, 2015

7 September, 2015

The US currency did not continue its winning streak - the dollar index basket (USDX) finished the trading day at the mark of 96.36. There was published the more important indicator showing the labor market current trends, namely the unemployment trend. It is Non-Farms. It was expected increase to 220,000 but the release showed the decrease to 173,000. Earlier the data was 245,000 from the revised 215,000.

The pair EUR/USD has decreased amid the ECB negative macroeconomic forecasts. During the day investors actively sold out the European currency amid the too soft Mario Draghi comments. However the trades on Friday closed with the pair’s growth.

The pair GBP/USD declined after the UK PMI service sector weak data: 55.6 vs 57.4 earlier. The forecasted data was 57.6. The UK service sector business activity was lower than the predicted values, but the US data turned out to be much stronger. However, the dollar growth has been restrained because of the claims number weak data.

Only in relation to the Japanese yen, the dollar failed to increase. The pair USD/JPY has also finished the trades in the negative region amid the Japanese and the US government bond yields decline. It looks like the yen returned to its status as the "reserve currency" and now those traders invest their capital into the yen who do not want increased risks.


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Gold has jumped to 1265 level

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Gold prices bounced off

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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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