15.09.14

Sep 15

FUNDAMENTAL ANALYSIS BY NSFX 15.09.2014

  • BY: Nati
  • September, 15th, 2014 7:39 +00:00

Good morning,

The Aussie Dollar has opened lower this week, below 90 U.S. cents for the first time since March and extending a decline from 94 cents on the 5th of this month. Currently trading at 0.8995 with the Reserve Bank of Australia’s meeting minutes due out in the next 24 hours. Shortly after the meeting minutes, Bank of Japan’s Governor Kuroda is due to speak. Yen has also been losing ground against the majors this month. USDJPY was trading at 107.28 this session, a six year low for the Yen.

The NIKKEI was trading at 15948.29 up 39.09 points, an increase of 0.25%

European markets await the results of this Thursdays vote when Scottish voters decide on whether they leave the Union and separate themselves from the rest of Great Britain. Opinion polls over the weekend have differing opinions and only time will tell the actual outcome. Other events this week which will affect Sterling will include the Consumer Price Index figures tomorrow, and the Bank of England meeting minutes Wednesday ahead of the voting this Thursday. CABLE was trading at 1.6244 at time of writing, while EURGBP was trading at 0.7967

The FTSE100 opened at 6780.22 down 26.74 points or minus 0.39% off Friday’s close while the DAX was trading at 9605.72, also down 45.41 points or 0.47% off Friday’s close.

The US markets will see Industrial Production figures for the month or August this session, along with Capacity Utilization results. Looking ahead to tomorrow, Bank of Canada Governor Poloz is due to speak. USDCAD is trading at close to 1.11 for the first time since March of this year. EURUSD is currently priced at 1.2936 with this Wednesday’s FED Interest Rate decision the most watched event across the Atlantic. Friday will see Canadian Consumer Price Index data for August.

The DOW closed at 16987.51 last week.

Hope you all have a good week ahead.