Fundamental analysis for December 10, 2015

10 December, 2015

The euro zone GDP has not been revised for any changes - the third quarter growth was 0.3%. The real GDP has amounted to 7357.9 billion euros for the first nine months of this year which is 1.79% higher than in the same period in 2014. The Germany October trade balance report has been published: 20,8B against the forecasted 20,0B. The euro index strengthened by 1.2% in the third quarter. By the end of the trades on Wednesday the pair euro/dollar increased.

The British currency is demonstrating weakness. The pound did not update the December 2nd low (1.4893) which fits into the corrective scenario. The UK government bond yields declined relative to their US and Germany counterparts, reducing the investments’ attractiveness into the British assets. The trades on the pair pound/dollar closed with the British currency growth.

Japan updated the third quarter GDP, the indicator was revised from -0.2% to 0.3%. The Japanese yen has increased amid the lack of the US important macroeconomic statistics. The lack of investors' risk appetite played into the “bears" hands. The market is trading in anticipation of the FOMC meeting on December 15-16. The pair dollar/yen sharply fell by the end of the trades.


Source link  
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...

  


Share: