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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Equity markets continue to decline

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Asian equity indexes mixed

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Euro is firm at current levels

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Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


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