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 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...

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...

  


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