05/11/2013

Nov 05

FUNDAMENTAL ANALYSIS BY NSFX 05.11.2013

  • BY:
  • November, 05th, 2013 8:59 +00:00

Good morning,

Stocks in US yesterday rose and the S&P500 closed at 1767.93, up 6.29 points (+0.36%). Nasdaq ended the trading day at 3936.59, up 14.55 points (+0.37%) and the DJIA closed in positive as well and gained 23.57 points at 15639.1, (+0.15%). In Asia the Nikkei consolidated above 14000 at 14225.4, gained 23.8 points (+0.17%). The Hang Seng lost -150.67 points at 23038.9 (-0.65%) and the ASX200 in Australia gained 41.43 points at 5431.96 (+0.77%).

In Europe this morning at 08:42 GMT the DAX is nearly flat at 9024 (-0.09%), but important is to stay above 9000 points. The FTSE100 in UK is down -12 points at 6751.4 (-0.19%).

In the currency market the EurUsd lost 1.35 area and now is trading at 1.3487 (-0.19%). UsdJpy is consolidating above 98 at 98.24  (-0.35%) and the GbpUsd  is flat at 1.5964.  The EurJpy , for the absence of arbitrage principle,  that the dollar is gaining vs. the Eur and is losing against the Yen, is not performing well and actually EurJpy is at 132.52 (-0.55%).  One of the worst performers is the AudJpy, that is trading at 93.1 (-0.7%).

Precious metals are little down with Gold at 1311.63 (-0.21%) and Silver at 2159 (-0.23%).

From the macro data at 10 GMT will be released  the EUR Producer Price Index. At 12:55 GMT in US will be the turn of  the Redbook Index and at 13:30 the Trade Balance , followed at 15:00 by the ISM Non Manufacturing PMI