Fundamental analysis for May 17, 2016

17 May, 2016

The dollar fell on Monday. Earlier it strengthened when the strong US reports (Retail Sales and Consumer Sentiment) lowered investors' concerns about the growth of the economy. The positive statistics also revived expectations that the Federal Reserve may raise the interest rates sooner than expected.

Monday trading was weak with low volatility amid the empty economic calendar. The financial markets in Germany and France did not work celebrating Monday of the Holy Spirit. The UK did not publish any important news either.

On Monday, the yen lost its previous gains against the dollar, falling after the growth in the previous days (due to disappointing Chinese economic reports).

Machine Tool Orders in Japan, the Fed report, Consumer Prices and Industrial Production in the US will be the focus of our attention this week.


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Golld turned around and reversed

The bullish trend remained intact on Tuesday. The price bounced from the upper limit...

Gold prices remained in a consolidation phase

Sellers led the spot to 1250 the other day but failed to break below the level. The price remained sandwiched between 1250 - 1255...

DAX grew amid a fresh buying interest

European stocks opened in green when markets recovered from Trump’s failure in Congress. Investors focused on Brexit...


Pound reached its monthly high

The pound remained in an upward channel on Tuesday. The price pulled back from its upper limit...

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...

  


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