Fundamental analysis for December 30, 2015

30 December, 2015

We highlight the Conference Board consumer confidence report. The December Michigan University indicator showed growth against the strong labor market background, allowing to count on the Conference Board positive data output. The data came out at the level of 96,5p. that is better then forecasted 93,0p.

The stock exchange showed some pessimism: the banking sector became the decline leaders. This factor supported the demand for the euro as a funding currency. The trade is still sluggish due to the low-liquid market. However the pair EUR/USD slightly fell.

London bank reopened its doors for customers. Given the low liquidity and lack of important macroeconomic statistics, investors pay attention to the commodity market dynamics, especially in the "black gold". The Brent determines the Cable course of trading. The pair GBP/USD closed the trades with a decrease.

The Japanese macroeconomic statistics once again upset the traders. The statistics showed a personal consumption decrease in November which is a negative factor for the economic growth. The industrial production decreased by 0.3%. However, the Old World and North America leading stock markets pessimism prevails that is a positive environment for safe assets which traditionally includes the Japanese yen. The pair USD/JPY is trading in a flat


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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...

  


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