Fundamental analysis for November 12, 2015

12 November, 2015

Fundamental analysis for November 12, 2015

The European Central Bank monetary policy provides the main influence on the euro aimed at its currency rate weakening. A number of officials’ oratory led by the ECB head, Mario Draghi and the macroeconomic indicators reduction confirmed that the current policy would be continued and even be accelerated. Germany has been published the wholesale price index of little importance, the US has published the mortgage lending index.

The British currency purchases started yesterday. Great Britain has published the number of jobless claims (3,3K), the unemployment (5,3%) and the average wages level (3,0%). The positive forecasts made traders buy pounds at night. Besides, there was Mark Karny's speech yesterday.

The Japanese currency declined a bit. The decrease was caused by the lack of important statistics. Japan did not publish important news yesterday. It became known the Japanese machinery and equipment orders changes by 23.1%. However, investors did not react to this report. Investors need something more interesting and important for active actions. The pair dollar/yen is trading in a flat.


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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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