Fundamental analysis for December 07, 2015

7 December, 2015

Fundamental analysis for December 07, 2015

According to the Fed governor Janet Yellen the too long interest rates growth delay creates certain risks. The FED governor once again noted the labor market positive dynamics which would contribute to the inflation target level completion in the long run.

The NFP was last Friday main event. The report came in better than it was forecasted that may become an additional reason to hike the rate on December 16th. In economic news, the ISM services and manufacturing sector releases came in at the level of 200 thousand.

The ECB decision to increase the stimulating package by 420 billion euro to 1 April 2017 caused the market mixed reaction. Instead of the price reduction the strong growth was observed. Analysts believe that the current dollar sales wave is just a correction as the market has achieved considerable highs. The ECB decision is a negative factor for the euro in the medium term as the QE program increased by 41%.

The pair GBP/USD also showed an impressive growth amid the US currency general weakness. The UK statistical support gave additional support to the pound. The November service sector business activity index rose sharply to 55.9 from 54.9 while analysts had expected a modest increase up to 55.0.
The USD/JPY could not resist the widespread dollar sales wave. Still the pair managed to grow after a sharp decrease earlier.


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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...

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...

  


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