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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Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...

Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

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...

  


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