Fundamental analysis for December 21, 2015

21 December, 2015

Fundamental analysis for December 21, 2015

The Germany IFO Institute release pointed out to the wholesale and retail trade business climate reduction. The manufacturing sector business activity grew this week. The upward trend has been continued. The Germany and the US government bond yields grew as well. The ECB and the Fed December decisions does not leave investors with no choice and sent their capital into the dollar and Treasury bonds purchase. The "black gold" market negative expectations were on the "bulls" hand within the US dollar. The US crude oil stocks have once again increased, the US Congress lifted the ban on the crude oil import. However by the end of the trades the pair EUR/USD slightly increased.

The Cable was not able to strengthen its position against the greenback that indicates the strong sellers’ presence. The November US Core CPI index showed a growth by 2% in annual terms which allowed the FOMC a sigh of relief before the interest rates verdict announcement. By the end of the week the pair pound/dollar slightly fell.

The Bank of Japan monetary policy results have been published. The Bank of Japan corrected the quantitative easing program. The central bank will buy government bonds and shares in the Japanese stock market with an average maturity of 7-12 years government bonds before the repayment period was 7-10 years. The assets purchases annual volume remained unchanged with 80 trillion yen. In addition the Bank of Japan corrects the policy in connection to the oil prices trend changes. The trades on the pair USD/JPY closed with a decrease.


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: