09.01.15

Jan 09

FUNDAMENTAL ANALYSIS BY NSFX 09.01.2015

  • BY: Nati
  • January, 09th, 2015 9:02 +00:00

Good morning,

Chinese Consumer Price Index shows inflation at close to a five year low in December with a reading of just 1.5% However, this was in line with expectations. The Japanese Leading Economic Index for November was out at 145.8 up from 104.5 previously (revised from 106.2) USDJPY trading at 119.40

The NIKKEI was trading at 17197.73 up 30.63 points or 0.18%

European markets saw the Swiss Unemployment Rate remain unchanged at 3.2% German figures saw a drop in Industrial Production which will do little to halt the recent decline in the Euro’s value. EURUSD trading at 1.1802 The Bank of England left rates unchanged yesterday at 0.5% with British figures due for publication today including trade balance, manufacturing production and industrial production. EURGBP trading at 0.7812

The FTSE100 was trading at 6562.61 while the DAX was trading at 9824.77

In the US today the Non-farm Payrolls figures and the updated unemployment rate for December which is expected to drop to 5.7% from 5.8% previously. Canada will publish their unemployment data at the same time and USDCAD trading could see an increase in volume this session; currently trading at 1.1832.

The DOW closed at 17907.87 up 323.35 points or 1.84%

Hope you all have a nice weekend.