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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Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...

Gold has jumped to 1265 level

The resistance holds at 1280, support comes in at 1245.9. Major resistance is highlighted at 1295.4. Next target is set at 1350...

Gold prices bounced off

The spot was struggling to build onto the recovery during the night trades. Buyers lost their steam at 1265 where the pair found some fresh offers....


Golld turned around and reversed

The bullish trend remained intact on Tuesday. The price bounced from the upper limit...

Gold prices remained in a consolidation phase

Sellers led the spot to 1250 the other day but failed to break below the level. The price remained sandwiched between 1250 - 1255...

DAX grew amid a fresh buying interest

European stocks opened in green when markets recovered from Trump’s failure in Congress. Investors focused on Brexit...


Pound reached its monthly high

The pound remained in an upward channel on Tuesday. The price pulled back from its upper limit...

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...

  


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