Fundamental analysis for May 09, 2016

May 9, 2016

Last week the US Federal Reserve Bank did not exclude the possibility of raising the interest rate at next meeting in June. The US labor reports were last week key events. The USA published Non-Farm (160K vs. expectations 202K). Unemployment Rate remained at the same level 5%.

No important news was published in the Eurozone and the UK. The pairs EUR/USD and GBP/USD decreased by the end of the trades.

The US dollar rose against the yen before the labor market reports from the United States. According to the latest report, Japanese service sector activity declined in April suggesting that the country economy slowed down.

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February 27, 2017
EURUSD dropping perfectly, remain bearish
Price is dropping nicely towards our profit target. We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support)...
February 27, 2017
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...
February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...

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