06/03/2014

Mar 06

FUNDAMENTAL ANALYSIS BY NSFX 06.03.2014

  • BY:
  • March, 06th, 2014 9:32 +00:00

Good morning,

The Nikkei225 rose 237 points at 15,135 (+1.59%) and in Hong Kong the Hang Seng gained 123.19 points at 22,702.97. In China the Shanghai Composite advanced 6.49 points at 2,059.58 (+0.32%).

In Europe the sentiment is positive in a day where Central Banks will be the special guests. The Stoxx50 is at 3,1571.13 (+0.67%), up 21.16 points and the DAX in Germany is trading at 9,578.99 (+0.39%), up 39.27 points. In UK the FTSE100 is at 6,803,24 (+0.41%), up 27.82 points.

In the FX market the EurUsd is trading unchanged at 1.3733 and UsdJpy is consolidating above 102 at 102.70 (+0.4%), up 40 pips. GbpUsd is down 3 pips at 1.6719 (-0.02%). AudJpy is one of the best performer at 92.84 (+0.99%), up 89 pips.

Metals are trading in a low volatility environment and Gold is at 1,335.23 $/ounce (-0.11%) and Silver is trading at 21.19 $/ounce $/ounce (+0.04%).

At 12:00 GMT  Bank of England interest rate decision will add volatility on the British pound and at 12:45 GMT the European Central Bank likely will slash again its interest rate, now at  0.25% to 0.15% or to o.1%.