Fundamental analysis for September 10, 2015

10 September, 2015

The US currency has slightly strengthened after it lost its positions against its main competitors earlier - the dollar index basket (USDX) finished the trading day at the mark of 95.92. The US labor market mixed data failed to convince investors that the economy was strong enough to hike the interest rates at the September meeting. Some investors also believe that the labor market instability and the China economy uncertainty will force the Fed to wait until the end of the year to tighten the monetary policy.

The pair EUR/USD decreased. Earlier the pair has strengthened amid the euro zone GDP second quarter positive report. Some analytics believe that the GDP increased by 0.4% is better than expected 0.1%.

The GBP/USD pair has strengthened amid the Brent oil growth. The pound has substantially grown against the US currency amid the risk appetite recovery. The GBP/USD was also supported by the stock markets growth. Nevertheless, the pair closed the trades with a decrease.

The pair USD/JPY finished the trades in the "green zone". Demand for the risky assets put pressure on the "safe haven" yen.


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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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