Fundamental analysis for September 11, 2015

11 September, 2015

The US dollar lost the early earned positions. Meanwhile, traders turn their attention to the Fed monetary policy meeting which will be held on September 16-17. The dollar growth against the major currencies was caused by the expectations, concerning the Bank of China new monetary easing measures. According to the US Labor Department the initial jobless claims number became less than 6 thousand having fallen to 275 thousand.

During the day the pair EUR/USD was in the flat amid the important macroeconomic statistics lack. However, the pair increased by the end of the trades.

The pair GBP/USD had decreased. The weak economic statistics was published: the industrial production fell in August while the trade deficit has grown. On Thursday traders drew their attention to the Bank of England meeting and its minutes. The BoE kept the interest rates unchanged at 0.50%.

The pair USD/JPY decreased after the powerful growth in the Tokyo stock market. Then the pair showed a flat. The Japan Nikkei index showed the biggest session growth after the China Finance Ministry stated that it intended to implement fresh measures to stimulate the economic growth.


Source link  
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...

  


Share: