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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Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...

Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...

Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...

  


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