12.03.15

Mar 12

FUNDAMENTAL ANALYSIS BY NSFX 12.03.2015

  • BY: Nati
  • March, 12th, 2015 8:45 +00:00

Good morning,

The Reserve Bank of New Zealand left their Interest Rate unchanged at 3.5% with the RBNZ Governor Graeme Wheeler saying inflation is expected to remain low. NZDUSD trades at 0.7389 Australia’s Unemployment fell to 6.3% Japanese Consumer Confidence rose to 40.7 from 39.1 previously. USDJPY was trading at 121.10

The NIKKEI closed at 18991.11 up 267.59 points or 1.43%

In Europe today we saw German Consumer Price Index figures out in line with expectations. French figures beat expectations. EURUSD trading at 1.0620 Swedish Unemployment Rate remained unchanged at 8.4% Later this session we will see the trade balance from the UK, the Euro Zone Industrial Production data for January EURGBP trading at 0.7086 with the Bank of England’s Mark Carney due to speak later this session.

The FTSE100 was trading at 6766.43 while the DAX was trading at 11820.38 early in the European meeting.

US Retail Sales figures for February will be the main data event from across the Atlantic today. Jobless Claims figures are also of interest. Tomorrow Canada’s Unemployment figures will be of interest. USDCAD trading at 1.2703 GOLD is trading at $1159 per ounce while USOIL is trading at $50.06 per barrel.

The DOW closed at 17635.39 down 27.55 points or minus 0.16%

Hope you all have a nice day.