Fundamental analysis for 27.10.2015

27 October, 2015

The euro is recovering after the Friday's decrease. The European stock markets decrease supports the single currency, which, however, is of corrective nature. In general, the euro is under pressure amid the weak IFO survey. The pair EUR/USD is trying to recover after the last week decrease, the decrease was triggered by the Draghi's statement.

The pair GBP/USD is trading in the quite narrow range near the important support. The October British Industry Confederation report can become a catalyst for a further movement. The report was expected with decline -8, but in fact, it turned out -18.

The yen increased, having corrected its losses against the dollar. The Bank of Japan representative Hamada said that as long as the Fed rate hike expectations put pressure on the yen, the Bank of Japan did not need the further monetary policy easing.


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Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

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...

  


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