04.04.14

Apr 04

FUNDAMENTAL ANALYSIS BY NSFX 04.04.2014

  • BY: Nati
  • April, 04th, 2014 8:27 +00:00

Good morning,

The Asian markets remain relatively quiet today on the news front. No announcements due until Sunday night/Monday morning when both Australian Construction Index figures and Japanese foreign reserve data is due out. However this week has seen JPY weakening with USDJPY trading from 102.91 to currently trade at 103.88 Crude Oil was trading at 100.90 per barrel.

The NIKKEI was trading at 15063.77 down 8.11 points minus 0.05%

Europe also is quiet today on the news front following the ECB rate announcement yesterday where there was no change as had been expected. German Factory orders n.s.a. for February was out at 6.1% this morning. EURGBP was trading at 0.8260 with a high of 0.8271 and a low of 0.8258 so far. NGAS was trading at 4.436 with news that Russia has increased the price it will sell gas to Ukraine not having a great effect on the price.

The FTSE100 was trading at 6673.99 up 24.85 points an increase of 0.37%while the DAX was trading at 9644.14 up 15.32 or 0.16%

The main events today will be the Non-Farm Payroll figures and the unemployment data from the US and the Unemployment figures from Canada. USDCAD was trading at 1.1020 at time of writing and any deviation from the expected figures could see this currency pair the most volatile around the announcement time. Gold was today trading at 1292 dollars per ounce.

Hope you all have a good weekend.