Fundamental analysis for December 14, 2015

14 December, 2015

Fundamental analysis for December 14, 2015

The Germany and the US government bond yields has been growing already a week increasing the investments’ attractiveness into the US assets supporting the US dollar. The US pleased traders with the November retail sales positive data. The employment and average earnings grew to the level of 91.3 in November while this indicator was at the levels of 88.8 and 75.1 respectively in November 2014 and 2013. The Michigan University consumer confidence report confirms the positive trend. In this context the retail sales data output was expected better than the consensus forecast. However, in fact the data came out at the level of 0,2% that is less then the forecasted 0,3%. The pair euro/dollar slightly increased by the end of the trades.

The Bank of England in its Monetary Policy summary pointed out to the low prices negative impact on the inflation expectations. The monetary authorities do not expect the economic growth acceleration. According to Mark Carney, the fourth quarter GDP may show an increase by 0.5%. The UK trade deficit growth cannot be ignored. The October release went out much worse than the market expectations. The negative net exports amounted to 103.8 billion pounds for the first ten months of the year which is 4.46% more than the same period in 2014. By the end of the trades the pound strengthened against the American dollar.

The pair USD/JPY is at the 4-week low. The US Treasury two-year bond yields are kept steadily at the five-year maximum which is a positive factor for the dollar indicating the Fed monetary policy tightening.


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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

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Brent found a solid support after two day decline

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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...


Gold reached three-month highs

Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning...

The euro is under pressure amid growing concerns

The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

EURUSD is having difficulties to go any higher

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