02.06.15

Jun 02

FUNDAMENTAL ANALYSIS BY NSFX 02.06.2015

  • BY: Nati
  • June, 02nd, 2015 8:35 +00:00

Good morning,

The Reserve Bank of Australia left Interest Rates unchanged overnight at 2.0% as had been expected. AUDUSD trading at 0.7705 Gross Domestic Product figures in the coming 24 hours. Japanese Labor Cash Earnings rose by more than had been expected, up by 0.9% when a 0.4% rise had been priced in. USDJPY trading at 124.47

The NIKKEI closed at 20543.19 down just 26.68 or minus 0.13%

German Unemployment figures out this morning with the rate expected to remain unchanged at 6.4% Euro Zone Consumer Price Index figures for May also out this session. Tomorrow we will see the European Central Bank’s Interest Rate decision. Greece is looking set to be given a deal from their creditors which could be kind to the Euro following recent fears. EURUSD trading at 1.0952

The FTSE100 was trading at 6949.89 while the DAX was trading at  early in the session.

Across the Atlantic today we will see Factory Orders figures for April. Other data released in the US today will include the Redbook Index and the ISM New York Index. Looking ahead to Friday we expect the US and Canadian Unemployment Rate figures released. USDCAD trading at 1.2501 at time of writing. USOIL trading at $61.16 per barrel ahead of tomorrow’s EIA Crude Oil Stocks Change figures.

The DOW closed at 18040.37 up 29.69 points or 0.16%

Hope you all have a nice day.