Fundamental analysis for September 17, 2015

17 September, 2015

The US dollar rose against most currencies despite the US weak economic reports. Investors took a wait and see attitude ahead of the Federal Reserve System forthcoming meeting results.

The EUR/USD pair decreased amid the August US retail sales positive data. In addition, the Zew report put pressure on the euro to which the German economic confidence index weakened sharply in September having reached the 10-month low. The business sector sentiment index fell to 12.1 points in September compared to 25.0 points in August. However the euro slightly increased by the end of the trades.

The GBP/USD had decreased amid the US two year Treasury bond yields increase. In addition, the UK inflation report was in the center of attention having shown the August consumer price index growth by 0.2 %, still they were unchanged compared with the previous year. The last change coincided with the experts’ forecasts. Nevertheless, the pair pound/dollar sharply grew.

By the end of the day the pair USD/JPY increased amid the bullish sentiment in the Japanese and the US stock markets.


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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...

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...

  


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