Fundamental analysis for April 08, 2016

8 April, 2016

Fundamental analysis for April 08, 2016

The market received a weak Industrial Production report. The index lost 0.5%, the forecast was 1.8%. The published Fed minutes confirmed Yellen’s words regarding the external risks and slowing down with the rate hike. The market lowered its expectations to 46.5% that the Fed would hike the rate in September. At the same time the market gives 50% that the rate hike will happen in November and 52.5% that in December.

The ECB minutes publication and Mario Draghi’s performance became the main events of Thursday. Initial Jobless Claims showed 267K with the forecast of 270K. Consumer Credit Change showed $17,22B with the forecast of 14.74B

The UK published House Prices report for March. The housing prices rose by 10.1%. Economists expected that the growth rate slightly would weaken to 9.5%. The housing prices rose by 2.6% in monthly terms. Analysts expected the prices to grow only by 0.7%.


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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...

Gold prices remained in green

The bullish market structure remained in place on Thursday...

  


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