News of the day. Monday 30.11.2015

30 November, 2015

Today markets will be following news from the UK, Germany and the US. October data on Consumer Credit and Mortgage Approvals is due at 11:30 am (all times stated in GMT+2) in the UK. Both indices are expected to grow – Consumer Credit will increase by 1.3 billion Pounds and Mortgage Approvals by 69 900. Growth of these indices has positive influence on the economy in general thus strengthening the Pound. November data on the Consumer Price Index is due at 3 pm in Germany. The index is forecasted to increase from 0.3% to 0.4% against the previous year, and from 0.0% to 0.1% against the previous month. Forecasts realisation can support the Euro as for a while now inflation in Germany remains near zero levels or slipping into the negative territory indicating deflation. However, it still remains quite far from its 2% target. Data on Pending Home Sales for October is due at 5 pm. The index is expected to increase from -2.3% to 1.0%. On Monday night at 3 am, Bank of Japan Governor Kuroda is giving his speech, which might have an effect on pairs with the Yen as his commentaries on monetary policy usually lead to increase in volatility. The RBA Interest Rate Decision is due at 5:30 am. The rate is forecasted to remain unchanged at 2%, which is unlikely to have a strong impact on the market. 


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Euro extended its bullish momentum

The line rejected the pair which eased towards 1.1650 afterwards. If the price breaks below 1.1650 sellers may push the euro to 1.1600...

Gold trades mixed in a narrow range

However, the level 1280 is on its way and won’t let the spot further. A rebound from 1270 pointed to strong buyers who will not give up their attempt...

Euro met an obstacle around 1.1700

The spot recovered to 1.1750 where the euro spent the first part of the night. An increased selling pressure weighed on the major in the mid-Asian session...


Gold keeps losing ground

The previous upward momentum lost strength at 1330 dollars per once. After facing selling resistance at the level the pair turned around and softened...

Gold started week with a gap downwards

The precious metal is around the lower boundary of the upward channel now. If sellers remain in the driver’s seat the spot may continue...

XAU/USD pair keeps its buy mode intact

The spot broke above previous day’s top and climbed to 1355 over the night trades. Gold is likely to continue its growth. Buyers aim at 1360 now...


Rebound from 1280 lifted gold prices

The spot jumped to 1290 and broke the level soon after testing it. As the most probable scenario, we consider further moving upwards towards...

Gold price sharply dropped

Buyers continued to struggle with 1290. However, all their attempts faced sellers' resistance around the hurdle. The level rejected the price...

Sellers continued to dominate

The euro bounced from 1.1750 and weakened to 1.1700 during the night and morning trades. The resistance resides at 1.1750, the support comes in at 1.1700...

  


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