Fundamental analysis for December 01, 2015

1 December, 2015

Fundamental analysis for December 01, 2015

The 10-year German government bond yields decreased by 5 basis points in November. The average earnings growth contributes to the consumer spending increase which is the inflation welcome factor. The debt market showed mixed dynamics: the German 10-year government bond yields are decreasing relative to their US counterparts, while the Gilts growth supported the EUR/GBP quotations moderate growth. Meanwhile the pair EUR/USD showed a slight decrease.

The US and the UK government bond yields exceeded 40 basis points last Friday. The UK GDP second estimate remained unchanged at the level of 0.5% that has deprived the Cable for the short-term corrective growth continuation. The investment volume has been revised by 0.7% in the positive side, compared with the previous quarter and by 6.6% compared to the same last year period. The British companies are increasing their investments. The commodity market sales had a positive impact on the US dollar value as the raw materials cost is denominated in dollars. The pair GBP/USD was decreasing and only by the end of the trades it slightly corrected upwards.

The Chinese stock market panic sent the Asian markets downwards and contributed to the carry trade operations closure which caused demand for the Japanese yen as a funding currency. The oil and industrial metals’ prices declined which supported the US dollar as the commodities value is denominated in dollars. The Japanese and the US government bond yields showed growth in the bond market having formed the first signal on the technical correction completion. The pair USD/JPY increased on the Monday’s trades


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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...

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...

  


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