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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Yellow metal returned to a growth

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Undertone for Gold was clearly positive

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Gold maintained its bid tone

Buyers defended the 1230 level on Friday. Fresh bids around the level coupled with broad base...


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Gold remained well offered

The XAUUSD pair came under intense selling pressure on Thursday. The spot pushed away...

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...

  


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