Fundamental analysis for November 23, 2015

23 November, 2015

The initial jobless claims number fell by 5 thousand till 271 thousand. The Philadelphia Federal Reserve Bank business activity report has shown a much more positive trend than it was forecasted - the index rose up by 1.9 in November against the October 4.5 with the improvement expectations only to -1.0. The prospects can be judged to some extent by indicators which increased by new orders index to -3.7 against -10.6, still the employment rose up to 2.6 after the previous -1.7.

The euro zone and the US important macroeconomic data have not been published. The ECB President Mario Draghi gave his speech. The monetary regulator has once again confirmed its intention to change the ECB monetary policy if needed, still traders have not received a clear signal from him. Пара EUR/USD slightly fell by the end of the day.

In the absence of interesting macroeconomic releases the last trading day of the week, traders have closely followed the debt and commodity markets dynamics. The UK credit markets government bond yields are reducing relative to their US counterparts. The commodity market has stabilized after the strong sales in the strong negative fundamental trend. By the end of the trades the pair GBP/USD sharply fell.

The United States and Japan have absolutely opposite macroeconomic statistics which the market gets during autumn. The United States is encouraging investors with the labor market and consumer spending positive data that has forced to think seriously about the Fed interest rates raising on December 16th. Even the dollar revaluation factor has had no significant negative influence. The pair USD/JPY closed the week trades with a decrease.


Source link  
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...

  


Share: