Fundamental analysis for November 13, 2015

13 November, 2015

The Thursday trades were opened by the Germany inflation data report. Then, the Eurozone published the industrial production indicators. The main attention was drawn to the United States. In particular, traders were interested in the weekly jobless claims release. The data came out at 276 000. The Fed several representatives’ speeches set the tone for the evening trades.

The Germany wholesale prices report slowed down the October decline, the euro is focused on the ECB representatives’ statements where it was stated that the deposit rate should not be decreased in December that supported the European currency.

The Bank of England governor Carney‘s optimistic comments that the UK economy was able to cope with the external risks supported the pound purchases. The UK average salaries did not meet traders' expectations while the unemployment rate has fallen. The housing balance price indicator exceeded expectations and amounted to 49% for October.

The pair USD/JPY slightly corrected downwards when the Bank of Japan assured that there was no need for further monetary easing.

The New Zealand dollar fell against the Australian dollar that received some support after the October unemployment sharp decline. After the new jobs number increase the traders reduced the expectations regarding to the Australian Reserve Bank further interest rate decrease.


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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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