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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Brent oil prices maintained their negative bias

Sellers broke 55.50 and remained within the level in the night...

Brent oil prices remained in an upward channel

However, the benchmark softened to its lower band...

Brent oil prices gapped higher

A strong energy demand in the Asian region supported oil prices despite a rebound in Libyan oil production which still weigh...


Gold prices weakened

The undertone for Gold was clearly positive. However, buyers failed to retake 1260 on Monday. The level rejected the price downwards...

Gold prices retreated from three week high

Buyers attempt to reclaim 1250 dollars per ounce on Wednesday failed. The price just touched the level and immediately...

Gold prices remained in green

Gold prices were neutral staying in a flat on Friday. After the recent rally buyers preferred to consolidate their gains. The 4 hours chart showed that the price was trading around the 100 and 200 EMAs...


Gold received a minor support

The night recovery stalled around 1205 dollars per ounce. After reaching the mentioned mark gold futures...

Gold prices were neutral on Tuesday

Gold prices were neutral on Tuesday flirting with the 1200 handle in the early trades. The yellow metal was moving back and forth in a tight range between 1205 and 1200 the first part of the day. A fresh buying interest emerged in the late European session. The spot pushed away from 1200...

Oil prices dropped on Thursday

Brent pulled back a bit during the Asian hours and reversed a minor portion of its Wednesday's losses. Buyers were able to return the price to the 53.50 region where the benchmark ran through fresh offers...

  


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