02/12/2013

Dec 02

FUNDAMENTAL ANALYSIS BY NSFX 02.12.2013

  • BY:
  • December, 02nd, 2013 9:01 +00:00

Good morning,

The Nikkei index after trading in negative territory for almost the session closed at 15655.1, down -6.8 points (-0.04%).  The Hang Seng gained 157.26  points at 24038.6 (+0.66%) and in Australia the ASX200 lost -40.53 points at 5279.52 (-0.76%).  In Europe at 8:42 GMT equities started the week with minus sign: Stoxx50 is losing -9.73 points at 3076.91 (-0.32%) and in Germany the DAX is trading at 9390, down -15.30 points (-0.16%). In Uk the FTSE100 is at 6636 (-0.16%), down -15.30 points.

In the FX market the EurUsd lost 1.36 area and is trading at 1.3590 with an unchanged daily performance. The UsdJpy is continuing its bullish momentum and is trading on its intraday high at 102.68 (+0.23%). GbpUsd  is off the intraday high 1.6443 but is managing to stay above 1.64 at 1.6404 (+0.23%). NzdUsd is doing well, up 66 pips at 0.8196 (+0.81%).

In the precious metals arena the trading week did not start well and Silver is trading at  19,76 $/ounce (-1.23%) and Gold is at 1241 $/ounce (-0.9%).

Crude Oil is above 93 $/barrel at 93.16  (+0.47%) and Natural Gas is in negative territory at 3.93 $/BTU (-0.51%).

The economic calendar today will offer the Markit Manufacturing PMI in Germany and Eurozone as well.  Markit will release the PMI for uk as well at 9:28 GMT

In US the most important data of the day will be the ISM Manufacturing PMI that will be released at  15:00 GMT.

After many assets like gold and stock indices traded in a range last week today market data could be the catalyst for a breakout and thus volatility is expected to increase.