Fundamental analysis for April 11, 2016

11 April, 2016

Fundamental analysis for April 11, 2016

Based on the Fed minutes, the Central Bank is unlikely to hike the interest rates until June amid the concerns about the global economic growth. The Fed minutes pressured the dollar, still it could show a short-term growth after Janet Yellen’s speech. According to Janet Yellen the rate hike is still part of the regulator’s plans for this year.

The fact that the European Central Bank confirmed its readiness to stimulate the economy if necessary weakened the euro. However by the end of the trades the pair euro/dollar slightly increased.

In economic news, the weak economic reports in the UK did not support the pound which stopped growing against the US dollar. At the same time the dollar remained fragile due to the Fed cautious position regarding the rates hike. By the end of the week the pair pound/dollar showed a growth.

The yen growth was stopped by The Bonds Market growth as well as the possible intervention by the Japanese Central Bank. In addition, the Current Account for February increased to 2,434.9B compared with 520.8B in the previous month. Nevertheless the pair dollar/yen closed the trades with a decrease.


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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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