Fundamental analysis for April 14, 2016

14 April, 2016

Fundamental analysis for April 14, 2016

The dollar continued its attempts to recover. The latest Fed hawkish statements supported the dollar. In particular, Jeffrey Lacker (the Fed representative) said that the Fed is still planning four rates hike in 2016. The US currency got an additional support when the Fitch agency confirmed the US rating at AAA.

Retail Sales and the Producer Price index for March became the main events of Wednesday. The Retail Sales showed -0,3%m/m against the forecasted 0,1%m/m and previous data of -0,1% m/m. The Producer Price Index showed -0,1%m/m against the forecasted 0,2%m/m and previous data of -0,2%m/m.

The inflation data in Germany did not have any impact on the quotations. In March, the Consumer Price index remained at + 0.8% m/m and + 0.3% y/y. The growth of stock indices caused the euro sales. The pair euro/dollar decreased.

The UK inflation positive report for March supported the positive trend in the Bonds Market. The yields differential on government bonds (the United States and the United Kingdom) have been reducing for the last three trading days. This news increased the attractiveness of the British assets. However the trades on the pair pound/dollar closed with a decrease.

The 10-year government bonds yield differential (the US and Japanese) expanded which increased the attractiveness of the US assets providing support for the dollar in the pair USD/JPY. This pair showed a growth.


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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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