Fundamental analysis for November 27, 2015

27 November, 2015

Fundamental analysis for November 27, 2015

In economic news, the US durable goods orders positive releases and the jobless claims got the pair EUR/USD to the fresh low for the last seven months. The US important macroeconomic statistics have not been published amid the day off due to the Thanksgiving celebration. Europe published important reports, excluding the Spain GDP for the 3 rd quarter (3,4% y/y and 0,8% q/q) and the euro zone M3 money supply (growth by 5,3%).

The pair GBP/USD has managed to recover after a decline. The Cable was supported after the UK Budget Responsibility Office raised the country GDP forecast for the next year to 2.4%. The report also informs about the budget surplus prospects and the labor market improvements.

The yen was supported by the Bank of Japan minutes which pointed to the risk control concern for the economic growth and the inflation. The most favorable statistics gave quotations additional stimulus to growth. There was a weak volatility in the market amid the holiday in the USA.


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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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