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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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...

EURUSD is having difficulties to go any higher

The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

  


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