Fundamental analysis for January 18, 2016

18 January, 2016

The market was quite volatile last Friday, still in general it tends to the dollar strengthening. The heterogeneous movement was mainly due to the stock and commodity markets instability. Besides the market sentiments, the currency dynamics was influenced by the European and the UK Central Banks while the macro data remained practically unnoticed.

The German 2015 GDP is encouraging. The GDP growth was 1.7% due to the personal consumption, the government spending and the investment growth. The positive data have helped to reduce the yields differential on the US and Germany government bonds. The Eurozone published the November trade balance. The data came in at the level 23,6B. By the end of the trades the pair euro/dollar decreased.

The debt market reacted to the British monetary authorities statements by the government bonds yields lowering in relation to its US and Germany counterparts. That fact, of course, reduces the investments attractiveness to the British assets. The Bank of England posted the Credit Conditions Survey. The pair pound/dollar fell by the end of the trades.

The demand for risky assets keeps growing which is a negative factor for the Japanese yen as a funding currency. One of the last Friday key events was the USA retail sales report (-0,1% against the forecasted 0,2%) where the producer prices (on the forecasted level of 0,2%) and the Michigan University consumer confidence index (93,3 against the forecasted 93,0) were announced. The pair dollar/yen closed the trades with a decrease.


Source link  
Positive market sentiment persists

On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...

Equity markets continue to decline

The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...

Asian equity indexes mixed

Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...


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...


In the past 24 hours Bitcoin has lost -10.17% and reached $4399.25381665. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.1164% and is now at $1.13. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -35.82% and is now at $132.924430719. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets90%
2FXTMFXTM87%
3HYCMHYCM86%
4Alfa-ForexAlfa-Forex85%
5FxProFxPro84%
6FIBO GroupFIBO Group83%
7OctaFXOctaFX82%
8HotForexHotForex80%
9FXCMFXCM78%
10AvaTradeAvaTrade76%
  


Share: