07/03/2014

Mar 07

FUNDAMENTAL ANALYSIS BY NSFX 07.03.2014

  • BY:
  • March, 07th, 2014 9:30 +00:00

Good morning,

Equities in Asia closed the trading week with mixed performance: the Nikkei225 in Japan rose 139 points to 15,274 (+0.92%) and in Hong Kong the Hang Seng closed at 22,660.49 (-0.19%), down 42.48 points. In Shanghai the CSI Composite lost 1.67 points at 2,057.91 (-0.08%).

In Europe at 09:13 GMT stocks are trading in negative territory with the Stoxx50 losing 9.31 points at 3,135.54 (-0.29%) and in Germany the DAX is trading at 9,474.48 (-0.72%), down 68.39 points. In UK the FTSE100 is down 21.92 points at 6,766.57 (-0.32%).

In the FX market the EurUsd is trading in a 25 pips range at 1.3878 (+0.12%) and UsdJpy is down 16 pips at 102.9 (-0.16%). GbpUsd is trading at 1.6766 (+0.15%), up 26 pips. Both Australian dollar and New Zealand dollar are gaining ground against the greenback. NzdUsd is at 0.8505 (+0.33%) and AudUsd is at 0.9119 (+0.32%).

Metals are negative in a week where after an initial gap up they are trading in a range. Gold is at 1,347.74 $/ounce (-0.24%) and Silver is at 21.34 $/ounce (-0.68%).

Crude Oil is up 20 cents at 101.76 $/barrel (+0.20%) and Natural Ga is trading at at 4.63 $/BTU (-0.64%).

At 13:30 GMT will be released in US the Non Farm Payroll data and Unemployment rate: during those events volume will soar with volatility and key levels might be reached.