Fundamental analysis for February 16, 2016

16 February, 2016

Fundamental analysis for February 16, 2016

The stock markets sentiment had significantly improved which forced the risky assets to retreat after a recent rally. The oil quotations recovery coupled with the Deutsche Bank news. The bank is planning to buy back bonds for the amount of 5 billions dollars. All these factors supported the demand for the dollar.

No important news were published yesterday. We believe that the euro won't show significant growth this week. The industrial production volume in the euro area decreased by 0.31% at the end of 2015, compared with a growth of 0.47% a year earlier. The strong euro is not in the European industrialists' interests and the ECB certainly understands that. The pair euro/dollar fell on the yesterday’s trades.

The 10-year government bonds yield is increasing in relation to their counterparts (USA and Germany) which increases the investments attractiveness in British assets. In addition, the Brent failing had its positive impact on the British currency as expected. Only by the end of the trades the pair pound/dollar slightly decreased.

Japan had published the Q4 GDP, the report did not show any surprises. The decreased household spending and the negative trade balance indicate an economic growth reduction. The 4th quarter GDP reached the level of 1.4% (y/y) vs. 1.2% (y/y) and 0.4% (q/q) vs. 0.3% (q/q). The pair dollar/yen shows a growth.


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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...

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...

  


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