Fundamental analysis for April 05, 2016

5 April, 2016

According to the US labor market report published last week, the Non-Farm increased by 215 000 in March (the forecast was 205 000). The Average Hourly Earnings grew to 0.3% after falling by 0.1% a month earlier. The overall picture was somewhat blurred by the fact that the unemployment rate unexpectedly rose from 4.9% to 5.0%. The dollar generally remained under pressure after Yellen’s recent soft comments.

Unemployment Rate in the Euro area fell to a new multi-year low in February, but remained high considering the current economic problems in the region. Eurozone unemployment rate was 10.3% – the lowest since August 2011. The pair euro/dollar is trading in a flat.

The UK published PMI Construction report which remained at the previous level of 54.2, while the forecast was 54.0. The pair pound/dollar slightly increased.

The Japanese Yen moved upwards on Monday. Investors sluggishly reacted to the US labor market reports and Manufacturing PMI. On the other hand the risk appetite increase was a negative factor for the yen as a funding currency. However by the end of the trades the pair dollar/yen decreased.


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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...

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...

  


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