Fundamental analysis for November 19, 2015

19 November, 2015

Fundamental analysis for November 19, 2015

The German ZEW institute business climate showed the figures better than the consensus forecast, still this indicator downward trend is still strong. On the contrary, the United States have pleased traders with the October moderately positive inflation data. In the light of this the United States and the Germany bond yields grew that increases the investments’ attractiveness in the US assets. The FOMC authoritative representative U.Dadli gave his speech in the United States. He said that the rates growth would be a good news for the dollar. The pair euro/dollar was trading in a flat.

The US and the UK CPI differential profitability indicators declined in favor of the latter in October which caused the UK government bond yields increase relative to their US and Germany counterparts. The side trades were noted in the pair pound/dollar.

According to the third quarter GDP data, Japan slipped into the technical recession. The US October inflation showed a moderate growth that reinforced investors' expectations, regarding the Federal Reserve monetary policy tightening possibility. The Japanese yen is an obvious outsider among the other pairs. The pair dollar/yen increased.


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Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...

Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...


Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...

Gold has jumped to 1265 level

The resistance holds at 1280, support comes in at 1245.9. Major resistance is highlighted at 1295.4. Next target is set at 1350...


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...

  


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