Fundamental analysis for December 02, 2015

2 December, 2015

The USA/Germany and the Germany/UK government bond yields did not show any changes in the debt market. The stable debt market indicates the single European currency side trend development. Europe and the US have published a large package of economic statistics. Investors received the manufacturing sector business activity index data in the Eurozone (52,8 that is at the forecasted median), the Germany (52,9 against the forecasted 52,6) the UK (52,7 against the forecasted 53,6) and the US (48,6 against the forecasted 50,5). The Germany employment data attracted the traders’ attention: 6,3% in November against the forecasted 6,4%). The pair EUR/USD showed an increase.

The Bank of England governor Carney made his speech. According to Carney the regulator was ready to ease the pressure on the British banks and to reduce the capital requirements volume, bringing an end to the post-crisis reforms years in order to make the banking sector more secure. By te end of the trades the pair GBP/USD showed a growth.

The dollar index basket is near the current year maximum values. Market participants refrained from active trading and have taken a wait and see position. The manufacturing sector ISM index data output is worse than the forecasted medians that restrained "bulls" from the further attack. The pair USD/JPY was trading in a side corridor.


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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...


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...

  


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