02.11.16

Nov 02

FUNDAMENTAL ANALYSIS BY NSFX 02.11.2016

  • BY: Donal Kelly
  • November, 02nd, 2016 12:34 +00:00

Good morning,

The New Zealand unemployment rate dropped to 4.9% from the previous 5.0% for the third quarter. Australian Building Permits were down by more than had been expected. AUDNZD trading at 1.0555 at time of writing. Japanese Consumer Confidence Index data for October was also down on the previous figures. Out at 42.3 from the 43.0 reading last time out. USDJPY trading at 103.91 at time of writing. Tokyo will remain closed tomorrow for their Culture Day holiday.

AUDNZDecnDaily 02.11.16USDJPYecnDaily 02.11.16

In Europe this session the first item released today will be the Nationwide Housing Prices out of the United Kingdom. Austrian unemployment figures for October are due next on the agenda. Markit Manufacturing figures will be out in a number of countries including Spain, Italy, France, Germany and the Euro Zone. German Unemployment Rates will be looked at this session before PMI Construction figures out of Britain will be released. EURGBP trading at 0.9037 at time of writing.

EURGBPecnDaily 02.11.16EURUSDecnDaily 02.11.16

Across the Atlantic today MBA Mortgage Applications figures will be the first data released today in the United States. The ADP Employment Change figures for October and the ISM New York Index for the same month will also be released. EURUSD trading at 1.1064 at time of writing. EIA Crude Oil Stocks change figures will be out this session, before the FED Monetary Policy Statement and the FED Interest Rate Decision. The rate is expected to remain unchanged at 0.5% The US Presidential Election taking place next Tuesday will be a factor particularly in dollar denominated markets.

I hope you all have a nice day.