Fundamental analysis November 25, 2015

25 November, 2015

Fundamental analysis November 25, 2015

The IFO Institute published the November Germany business climate data. The data came out better then forecasted 108,2 at the level of 109,0. The Markit PMI composite index shows the number of optimists’ growth among the purchasing managers. The US GDP was revised upwards amid the positive macroeconomic indicators. This factor has spurred the US two –year Treasury bonds growth which supported the dollar. However the pair closed the trades with a slight increase.

The Britain inflation parliamentary hearings results were interpreted quite negatively by traders. The medium-term forecast was revised to the negative side amid the oil prices decline, the British currency growth against the main trading partner (euro). In the light of this, the monetary authorities have stated once again that interest rates will not be raised in 2016. the pair pound/dollar sharply fell.

The US third quarter GDP revised data made investors open long positions as the Japanese and the US indicators’ differential has been expanded even further in favor of the latter as Japan has slipped into the technical recession. The current trend is reflected in the debt market which has led to the US Treasury bonds growth for a short-time which is traditionally a strong positive factor for the dollar. We cannot ignore the demand dynamics for the "risky assets". However the dollar’s strengthening was short-term and the pair USD/JPY decreased.


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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...

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...

  


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