24.10.14

Oct 24

FUNDAMENTAL ANALYSIS BY NSFX 24.10.2014

  • BY: Nati
  • octubre, 24th, 2014 7:54 +00:00

Good morning,

New Zealand’s Trade Balance for September was published with both Imports and Exports growing in value. The overall yearly Trade Balance was $0.65B below the $1.51B expected, after a reading of $2.02B a year ago. NZDUSD trading at 0.7830 at time of writing. Looking to the data releases scheduled next week, we will see the Reserve Bank of New Zealand Interest Rate decision on Wednesday and Unemployment data from Japan along with CPI data a day later.

The NIKKEI was trading at 15291.64 up 152.68 points or 1.01%

European figures of interest today will see the 3rd Quarter GDP figures for the United Kingdom. The rate is expected to fall from 3.2% to 3.0% with CABLE trading at 1.6020 ahead of the publication. The GfK Consumer Confidence Survey beat expectations this morning with a reading of 8.5 out when 8.0 was expected. Italian Retail Sales, wage inflation and Consumer Confidence figures are all scheduled for release this session. EURGBP trading at 0.7886

The FTSE100 was trading at 6380.45 down 38.70 points or 0.60% while the DAX was trading at 8992.97 down 54.34 points or 0.60%

Across the Atlantic today a quiet day ahead going into the weekend expected. New Home Sales figures for September the only US data scheduled today. USDCAD trading at 1.1220 while EURUSD trades at 1.2641 Looking forward next week will see the FED revised Interest Rate and whether Bond Buying will be tapered further on Wednesday. Durable Goods and Consumer Confidence figures out on Tuesday. GOLD trading at $1231 per ounce while USOIL selling for $81.54 per barrel at time of writing.

The DOW closed at 16677.90 up 216.58 points gaining 1.32% for the session.

Hope you all have a nice weekend.