Fundamental analysis for December 09, 2015

9 December, 2015

The Eurozone GDP third quarter data was published: 0,3% q/q and 1,6 y/y. The September household spending and industrial production reports came out negative. The unemployment rate fell to 0.3% in the period from July to September, but the positive macroeconomic effect will manifest itself with a time lag and the Old World economy will not get high dividends in the third quarter. The pair EUR/USD slightly increased by the end of the trades.

The UK October industrial production data was published. The Markit manufacturing sector business climate pointed to the positive output data. The PMI has reached the highest level for the last 16 months in October amid the industrial output growth. According to the Industrialists British Confederation, we should not count on the industrial production significant growth because of the industrial orders negative balance. The release showed a growth by 0,1% according to the forecasted median. However, the pair GBP/USD closed the trades with a decrease.

The October current account transactions release pleased traders with the strong data. The Japanese and the US differential government bond yields have declined which increased the investments’ attractiveness in the Japanese assets. Traders were cutting "risky assets" positions supporting demand for the yen as a funding currency. The dollar/yen decreased by the end of the day


Source link  
Positive market sentiment persists

On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...

Equity markets continue to decline

The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...

Asian equity indexes mixed

Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...


Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...

Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

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...


In the past 24 hours Bitcoin has lost -1.14% and reached $6214.94350641. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.6984% and is now at $1.1407. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -27.38% and is now at $280.254632108. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets89%
2FXTMFXTM87%
3HYCMHYCM85%
4FxProFxPro80%
5FIBO GroupFIBO Group78%
6FXCMFXCM73%
7AvaTradeAvaTrade67%
8HotForexHotForex67%
9Alfa-ForexAlfa-Forex66%
10XMXM66%
  


Share: