Fundamental analysis for October 14, 2015

14 October, 2015

The first half of the week showed calm trades. There was not published any important macroeconomic statistics. The Japan and the US banks have not worked because of the public holidays which caused the liquidity decrease and the players’ low activity.

As a result, the euro stayed in a flat, the British pound rose up by 29 points on Monday, still this growth was stopped by the weak Chinese trade balance data and the pair fell. The USD/JPY has decreased.

The US dollar has fallen amid the market expectations decrease about the rate growth in 2015. The New York Federal Reserve Bank president William Dudley even said about the probable negative rate introduction in case of a crisis. The Atlanta Federal Reserve Bank governor Dennis Lockhart spoke about the possible December increase. Still, the oil significant decrease can pressure the currencies quotes that are against the US dollar.


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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...

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...

EURUSD is having difficulties to go any higher

The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

  


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