Fundamental analysis for September 09, 2015

9 September, 2015

The trade volume was low during the Monday’s trades amid USA holiday. They have not published any important macroeconomic statistics. As a result, traders did not hurry to trade. On Tuesday the volatility increased on the market.

The euro showed mixed movements against the US dollar remaining in the narrow range with a growth amid the almost empty European calendar and the Labor Day celebration in the United States. The Germany and the euro zone statistics had a little impact. As it became known, the Germany industrial production rose up by 0.7 % in August, nearly offsetting the previous decline by 0.9 percent in June which was revised from -1.4 %. It has been the fastest growth till this year. However, it was slower than experts expected (one per cent).

The pound has significantly grown against the dollar, updating the Friday maximum. Analysts believe that happened due to the US currency sales resumption amid the weak trades. The US dollar finished the trades with a growth against the yen having partially recovered amid the European and Japanese stock markets increase due to the risk appetite growth.


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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...


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...

  


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