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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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...


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...

  


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