Fundamental analysis for November 02, 2015

2 November, 2015

Last Friday the United States did not please traders with the third quarter GDP positive data. The index showed 1.5%0 with the consensus forecast of 1.6%. The Government statistics have recorded a personal income growth, still the household spending has fallen. The negative dynamics also affected investments and net exports. Now, however, it is not necessary to perceive this report as pessimistically as investors "laid" in quotes the GDP growth slowdown.

We should carefully monitor the debt and commodity markets dynamics amid the lack of important macroeconomic statistics. The UK government bond yields have been growing for two trading days in a row in relation to their US and Germany competitors which increases the investments’ attractiveness in the British assets. The Brent crude oil can continue to decline at any time amid the world oversupply as well as the US desire to sell oil from the strategic reserve. The US reserves have 695.1 million barrels. The commodity quotations decrease has a positive impact on the dollar as the raw materials cost was denominated in the US dollars.

The Japanese 10-year government bond yields which reflect investors' inflationary expectations fell by 5 bp in September. Consumer spending is increasing amid the average wage growth; however, the current growth is not high enough to talk about the inflationary pressures increase. The low energy prices remain a major threat to the price stability.


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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...


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...

  


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