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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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...

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...

  


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