Fundamental analysis for May 04, 2016

4 May, 2016

The USA published some minor reports: ISM New York and IBD/TIPP Economic Optimism indices (48,7 against the forecasted 46,6). We single out only one news that might be interesting: Dennis Lockhart’s speech (the Fed representative). According to Lockhart the price strengthening can be seen right now, but it is too early to decide whether this is sufficient to hike the rate. The decision regarding the rate hike will be taken at the next meeting in June.

Producer Price Index in Eurozone for March showed -4.2% (the forecast was -4.3%, the previous value was -4.2%). The index rose for the first time this the year. That is a signal that the inflation is unlikely to fall in the coming months.

On Tuesday, the pound decreased from its four months high when the UK manufacturing activity fell in April for the first time over the past three years (49.2 from 51.0 in March, vs the forecasted 51.2). The published index increased concerns about the prospects for growth in the second quarter.

Bank of Japan did not work on Tuesday amid the celebration of the Constitution Day.


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Positive market sentiment persists

On Tuesday, US markets continued to gain, after a positive start of the trading week on Monday. It is characteristic that on the positive sentiment...

Equity markets continue to decline

The last two trading days are marked by negative market dynamics, as equity indices are under pressure. On Wednesday, Europe was under pressure...

Asian equity indexes mixed

Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress...


Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...

Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


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...


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