Fundamental analysis for February 12, 2016

12 February, 2016

The dollar showed mixed trades against its major rivals. The stock markets have tried to return to a growth, still Janet Yellen's soft comments regarding possible returning to the quantitative easing program, have caused some concerns among investors. The head of the Fed talked about negative interest rates. According to her she does not know any reason the Fed might introduce the negative rates in the nearest future.

In economic news, the leading stock markets showed an upward trend which is a negative factor for the euro as a funding currency. However the pair euro/dollar showed a growth by the end of the trades.

The UK industrial production weak report indicates that it is not necessary to count on the pound significant growth. The industrial production volume decreased by 1.79% in the last year fourth quarter compared with the same year third quarter. The pair pound/dollar slightly grew after a decrease.

Yesterday the US published the Initial Jobless Claims for January at the level of 269K (the previous value was 285K; the forecast was 287K). The short positions cutting signals about investors' "risk appetite" growth that traditionally has a negative impact on the yen value as a funding currency. Nevertheless, the pair dollar/yen fell to the new minimums.


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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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