Fundamental analysis for September 15, 2015

15 September, 2015

Last week the pair EUR/USD decreased amid the German government bonds yields growth relative to their US counterparts. The European currency continued to strengthen in the pair with the US dollar as investors found no support in the American economic fundamental publication. However the pair decreased by the end of the trades.

During the day the pair GBP/USD was in the flat. The oil prices decline has not allowed the British currency to take advantage from the US consumer confidence weak data.

During the day the pair USD/JPY was trading in the flat amid the quotations moderate decrease in the world leading stock markets. Nevertheless the trades closed with the pair’s decrease.

This week the US Federal Reserve meeting is in the center of our attention. There are concerns about the possible stock market collapse amid the rates increase. The reason for the rate increase can be the core inflation growth from 1.8% y/y to 1.9% y/y which is published on Wednesday. The Fed officials have repeatedly stated that it is not necessary to wait for the exact target of 2.0% to raise interest rates.


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Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...

Gold has jumped to 1265 level

The resistance holds at 1280, support comes in at 1245.9. Major resistance is highlighted at 1295.4. Next target is set at 1350...

Gold prices bounced off

The spot was struggling to build onto the recovery during the night trades. Buyers lost their steam at 1265 where the pair found some fresh offers....


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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