Fundamental analysis for October 29, 2015

29 October, 2015

During the day the euro rate was demonstrating a positive trend against the most world currencies after its decline the day before. Traders were expecting the US Federal Reserve decision about the monetary policy.

The Fed meeting was held on October 27-28. Analysts were sure that the regulator would keep the base rate at its lowest level and would delay the monetary policy tightening till 2016. Their assumptions were correct as the Fed did not change the rates. The FED meeting supported the dollar. Regulator hinted that the next rate hike might happen this December

In the context of some uncertainty investors prefer safer assets. In addition, investors continue to win back the US controversial statistics. Thus, the country durable goods orders volume decreased by 1.2% in September compared to August while analysts expected a decrease by 1.5%.

The Conference Board analytical company said in its turn that the US consumer confidence index fell to 97.6 points in October from the revised September figure of 102.6 points. Analysts predicted the index to be at the initial level of 103 points in September


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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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