Fundamental analysis for May 25, 2016

25 May, 2016

Yesterday the dollar rose to the two-month high against other majors, due to the expectations of the rate hike by the Fed in June. The possible rate hike continued to be a driver for the US currency.

The euro continued to decline when Germany published weak economic sentiment (6.4 vs. previous 11.2). The sentiment worsened amid concerns about the global economy prospects.

The pound strengthened against the dollar when a new poll showed that 55% of Britons supported staying in the EU vs. 42% leaving the EU.

The yen weakened after Taro Aso's statement (Japanese Finance Minister). According to Taro they need to stimulate the economy further if they want to raise the sales tax in April 2017.


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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...

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...

  


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