Fundamental analysis for May 11, 2016

11 May, 2016

The calendar of economic events revived the dynamics of the market on Tuesday. The US published Job Openings (5.757M vs. forecast 5.431M).

The single currency slightly rose against the dollar. The euro area published Industrial Production in Germany in March fell more than expected (-1,3% vs. expectations -0,2%), but exports showed a rapid growth (1,9% vs. expectations -0,1%).

The United Kingdom showed Trade Balance that supported the pound. Mark Carney (the Bank of England Governor) warned commercial banks and other financial institutions about a possible rate cut if the UK leaves the European Union.

The yen fell after the Minister of Finance speech on Monday. According to Aso the regulator is ready to intervene if the yen keeps growing. According to Japan Minister of Economy Nobuteru Ishihara he is closely watching the financial markets after the rally of the yen last week.


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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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