FUNDAMENTAL ANALYSIS BY NSFX 05.11.2015
- BY: Donal Kelly
- November, 05th, 2015 19:26 +00:00
Good evening,
even BOE`s Carney said that a rate hike in UK in 2016 is likely GbpUsd is diving today. The rate is trading at 1.5208 (-1.15%), down 176 pips. EurUsd made an intraday low at 1.0835 but now is trading at 1.0876 (+0.1%), up 11 points. UsdJpy rose above its 200SMA and now is at 121.78 (+0.11%), with a gain of 13 pips.
Natural Gas is up 4.24% but Crude Oil is losing 58 cents at 45.74 $/barrel (-1.25%). Gold is losing ground for the 6th consecutive session: the commodity is losing 2$ at 1,104.4 (-0.16%). US indices are trading near the opening level after they spent most of the session in negative territory. The DJIA is down 15.67 points at 17,851.91 (-0.09%).
Tonight at 03:00 GMT BOJ Kuroda may lift UsdJpy above its medium term trading range if his speech would be dovish more than the financial community expects. Tomorrow at 13:30 GMT US Non Farm Payrolls would be the most relevant event of the session. The previous data was at +140K and the consensus is at +180K. All risky asset classes will be volatile near the NFP data release.