Ene 28


  • BY:
  • enero, 28th, 2016 18:02 +00:00

Good evening,

Today Russian Energy Minister Novak stated the he will meet OPEC representatives to discuss output cut and then Crude Oil soared, but now is off its intraday high 35.51$/barrel and is trading at 34$/barrel (+3.72%) after 4 OPEC members said that they were not aware of the possibility of a talk with Russia regarding output cuts.

US Indices are gaining above half point percentage after a bad Durable Orders data (-5.1% vs. -0.5% Expected) that will likely keep the FED dovish.  Also Pending Home Sales data was below the consensus (+0.1% vs. 0.8%). Gold is nearly flat at 1,115.7 $/oz.

In the FX market EurUsd is trading above both the 21SMA and the 55EMA, but a bullish sentiment should be generated above 1.1050. Now the rate is trading at 1.0946 (+0.51%). GbpUsd is trading at 1.4369 (+0.96%) and UsdJpy is at 118.77 (+0.1%).

During the Asian session several important data will be released in Japan: at at 23:30 GMT will be the turn of CPI, Unemployment Rate and Overall Household Spending. At 23:50 GMT will be released Industrial Production and then at 03:00 GMT the BOJ Interest Rate Decision and Monetary Policy Statement.

(18:00 GMT)