Fundamental analysis for March 01, 2016

1 March, 2016

The NFP is the most anticipated event of this week. This is the final report, which may force the Federal Reserve to change its mind about the rate hike in March. We will receive ADP report on Wednesday, NFP will be released on Friday.

The euro remained under pressure as the low inflation reminded investors that the ECB was likely to tighten its policy in March. Concerning consumer prices: Germany showed a growth for February and accelerated to 0.4% after falling to 0.8% in January, while other Eurozone countries showed a deflation. The Eurozone presented consumer price index for February. The index showed -0.2% y/y, the forecast was 0.1% y/y. The trades on the pair euro/dollar closed with a decrease.

Brexit theme did not lose its effect on the global financial markets. George Osborne's (the Finance Minister of Great Britain) statement gave a new impulse to panic. Osborne said that the British currency might fall and declared that the country might face serious economic problems if it left the EU. By the end of the trades the pair pound/dollar showed a growth.

The yen became popular after Japan's industrial production report for January publication. The index rose in comparison to the previous month. Industrial production growth was 3.7%, while economists forecasted an increase by only 3.3%. The pair dollar/yen fell.


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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...

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...

  


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