Fundamental analysis for October 12, 2015

12 October, 2015

Last week the US dollar strengthened its position against its major counterparts amid the US 10-year government bond yields strong growth against its Germany, UK and Japan counterparts. Still then investors have begun to actively sell the US currency. According to the last FOMC meeting minutes the monetary authorities are afraid to raise the interest rates because of the US low inflation and the global economy slowdown. The labor market significant increase was noted not for the first time.

As a result, the EUR/USD trades ended the week at the mark of 1.1358. The reports that indicate that the global economy is experiencing difficulties put again pressure on the euro. The Germany trade balance results have not met our forecasts - the surplus was much worse, showing reduction up to 15.3 billion euros against the July 25.4 billion euros when it was expected to see 19.0 billion euros.

The GBP/USD ended its trades at the mark of 1.5308. The Bank of England meeting results have put strong pressure on the "cable". There was not anything surprising in the BoE decision - the interest rate remained at the level of 0.5%, still the Central Bank purchases fund amounted to 375 billion pounds.

The pair USD/JPY finished at the mark of 120.25. The price remained in the narrow side range and the day result was marked by a very slight advantage in favor of the yen.


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Gold prices remained in green

The bullish market structure remained in place on Thursday...

Gold prices traded in green

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Brent found a solid support after two day decline

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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...

Oil prices recovered back

Oil prices rebounded from the oversold zone in the Asian session. Sellers failed to regain 55.50 and gave the way to buyers. Buyers took a chance and had reversed all Friday' losses by the Monday's noon...


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...

The euro is under pressure amid growing concerns

The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

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