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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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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