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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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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