Fundamental analysis for February 01, 2016

1 February, 2016

Fundamental analysis for February 01, 2016

The United States data disappointed traders and became the reason of its weakening. The Initial Jobless Claims number fell to 278 thousand. The Continuing Jobless Claims increased from 2.219 million to 2.268 million which again increases the unemployment risk.

The preliminary Germany inflation data coincided with the forecasts, having confirmed the assumption about the price growth acceleration from 0.3% to 0.5%. The Germany retail sales growth rate is slowing from 2.3% to 1.5%. The trades on the pair EUR/USD closed with a decrease.

According to the UK National Bureau of Statistics the previous year 4th quarter GDP increased compared with the previous quarter. The economy managed to show a growth of 0.5% in Q4, while the same indicator expanded by only 0.4% in Q3. The UK economy has grown by 2.2% for the entire 2015. By the end of the trades the pair GBP/USD showed a decrease.

The Bank of Japan is determined to launch the new monetary stimulus. Unexpectedly, the regulator introduced the negative deposits interest rates. This decision was taken due to the low inflation level and the global financial markets instability. The Central Bank lowered the commercial banks deposits rate to 0.1% from 0.1%. According to the Bank statement, the regulator is ready to go for an even greater rates decrease, if it considers this measure necessary. The asset purchase program amount was maintained at 80 trillion yen. The pair USD/JPY sharply increased.


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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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