Fundamental analysis for September 18, 2015

18 September, 2015

The US dollar has fallen to the three weeks minimum against the most major currencies. The US economic data turned out to be weaker than expected. The Federal Reserve did not raise interest rates at the September meeting.

According to the US Labor Department the initial jobless claims number became less than 11 thousand having fallen to 264 thousand.

The EUR/USD has increased amid the oil quotations growth after the US crude oil stockpiles positive publication. Last week stocks fell slightly by more than 2 million barrels which supported the demand for the “black gold".

The pair GBP/USD had increased by the end of the day. The pound has significantly strengthened against the US dollar, having offset all positions that had been lost the other day. The currency was supported by the UK labor market strong data. As it became known, the UK workers’ average earnings (excluding bonuses) have significantly increased for three months (to July), having registered the highest rates for more than six years.

The pair USD/JPY had grown. The yen has significantly decreased against the US dollar, having reached the minimum at the same time. The news that the Economic Cooperation and Development Organization has revised the world economic growth forecast over the next 2 years put pressure on the yen. However the pair decreased after the Fed’s meeting results publication


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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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