Fundamental analysis for February 15, 2016

15 February, 2016

Fundamental analysis for February 15, 2016

The US dollar was under pressure last Friday, as concerns about the global economic outlook caused a fall of stock markets. The demand for the safe-haven assets: the yen and the euro, have been increased. Chinese market was closed due to the Chinese New Year celebration.

Japanese Finance Minister made it clear to investors that the rapid Japanese yen growth could lead to the regulator’s intervention. If necessary, the bank will take all the necessary measures to limit the yen’s growth. According to Aso: the exchange rate has been recently showing quite sharp fluctuations that differ from the BoJ’s financial policy.

According to Eurostat the Eurozone GDP (q/q) remained at the same level of 0.3%.

The US retail sales report for January was published on Friday. The forecast was 0.1%, the index came in at 0.2%. The Michigan University Consumer Confidence Index for February (in the preliminary estimate) was expected with a growth by 92.6 from 92.0 in January. The index came in less than it was expected having shown 90.7


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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...


Gold has jumped to 1265 level

The resistance holds at 1280, support comes in at 1245.9. Major resistance is highlighted at 1295.4. Next target is set at 1350...

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...

  


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