Fundamental analysis for April 15, 2016

15 April, 2016

Fundamental analysis for April 15, 2016

The dollar recovered against the most of its opponents. The positive Trade Balance in China heated the interest in the risky assets, mainly in the US currency. The USA published the Inflation data: 0,1%m/m against the forecasted 0,2%m/m. The Initial Jobless Claims showed 253Ê against the forecast of 270Ê.

The government bonds yields differential (the United States and Germany) expanded in the bonds market. The Eurozone published the inflation data for March: CPI came in at + 1.2% m/m, that coincided with the forecast. The pair euro/dollar was trading in a flat after a decrease.

The Bank of England kept its monetary policy unchanged. The UK 10-year government bonds yield decreased which reduced the attractiveness of the British assets. The pair GBP/USD closed the trades with a decrease.

The interest in the yen faded amid the demand for the risky assets. A further verbal intervention made by the Bank of Japan, the regulator again hinted at the possible expansion of its economic measures. However by the end of the trades the dollar/yen decreased.


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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...

Brent remained rather unchanged

There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened...

  


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