Fundamental analysis for November 26, 2015

26 November, 2015

There is a long weekend in the USD amid the Thanksgiving Day celebration. According to the US Labor Department the initial jobless claims number became less than forecasted 273 thousand having fallen to 260 thousand.

The euro continued its sluggish recovery against the US dollar. The Germany GDP increased by 0.3% in the third quarter. The Germany economic expectations, business optimism and the current situation assessment indices were higher than the predicted values. The US GDP report was revised upwards to the mark of 2.1%. However, the pair euro/dollar fell by the end of the day.

The UK calendar was empty and investors had to focus their attention on the US data. The course of trades was determined by the debt and the equity markets dynamics. The Bank of England Governor Mark Carney’s speech excited the market a little bit as he noted the inflation decrease and the possible soft monetary policy period extension. The pair pound/dollar slightly increased.

The third quarter US GDP got the US and Japan government bond yields to increase. The Japanese currency continued to grow against the US dollar, despite the good overseas statistics. The yen regained its reserve currency status amid the risky assets escape. However, the pair dollar/yen closed the trades with a growth.


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Positive market sentiment persists

On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...

Equity markets continue to decline

The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...

Asian equity indexes mixed

Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...


Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...

Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

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...


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