Fundamental analysis for December 16, 2015

16 December, 2015

Fundamental analysis for December 16, 2015

The single European currency decline is a positive factor for the German economy as the weak euro supports the net exports growth. The ZEW index has been published. The data came out at the level of 16,1, that is better then forecasted 15,0. The German industrial volume output has fallen by 0.91%, it declined by 0.27% for the same period in 2014. The core inflation grew by 2% on an annualized basis that is a positive factor for the dollar after the Fed total monetary policy meeting results publication. The US and the German government bond yields have decreased which played into the "bears" hands. By the end of the day the pair euro/dollar decreased.

The November UK and the US inflation reports became the determining factor for the GBP/USD pair. The data in Britain came out at the forecasted level of 0,1%. The data in USA came out also at the forecasted level of 0,2%. Today FED will make its verdict on the monetary policy. We expect a high volatility. We noticed that both economies show the similar tendency: the population employment and incomes growth contributes to the private consumption that happening against the petroleum products price lowering. The oil market sales caused the UK government bond yields decline which in turn is a negative factor for the British currency as it reduces the investments’ attractiveness into the British assets.

The USD/JPY bulls tried to develop an upward correction in the US stock market; still their efforts have not brought the desired dividends. The NASDAQ and the Russell 2000 were the decline leaders which signaled about the lack of investors’ appetite to take risks. However the pair dollar/yen sharply increased after a decrease.


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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

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...


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

The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

  


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