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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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...

Gold prices remained in a consolidation phase

Sellers led the spot to 1250 the other day but failed to break below the level. The price remained sandwiched between 1250 - 1255...


DAX grew amid a fresh buying interest

European stocks opened in green when markets recovered from Trump’s failure in Congress. Investors focused on Brexit...

Pound reached its monthly high

The pound remained in an upward channel on Tuesday. The price pulled back from its upper limit...

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...

  


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