Fundamental analysis for March 14, 2016

14 March, 2016

Fundamental analysis for March 14, 2016

The ECB announced a mitigation program: the deposit rate was reduced from -0.3% to -0.4%, the base rate of 0.05% was lowered to zero (0.00%), the program redemption of assets increased from 60 billion to 80 billion per month. Now any investment-grade bonds, including corporate ones will be redeemed. The ECB adopted a new four-year program targeted to concessional loans (TLTRO) at zero percent.

Consumer prices in Germany remained unchanged in February compared with a year ago rate. The consumer price index remained unchanged after rising by 0.5 percent in January and by 0.3 percent in December. Consumer prices rose by 0.4 percent on a monthly basis. The index partly reversed the 0.8 percent decline in January. It was the highest inflation rate since March 2015.

Trade balance in the UK for the last month increased, contrary to out expectations. The index showed -10,29B compared to -10,45B in the previous month. These data were revised downward to -9,92B. Experts expected the index to decline over the past month to -10,30B.

The USA published Export Price Index for February. The index was expected to fall by 0.7% m / m. The index showed -6.0%.


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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...

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...

  


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