Nov 18

FUNDAMENTAL ANALYSIS BY NSFX 18.11.2015

  • BY:
  • November, 18th, 2015 19:30 +00:00

Good evening,

The FOMC Meeting Minutes unveiled the high probability of a rate hike next month, the first since 2006, and EurUsd is off its intraday low just after the release of the data and is gaining 8 pips at 1.0651 (+0.09%).  UsdJpy is up 4 pips at 123.51 (+0.06%). EurGbp is trading at the psychological level 0.7 (+0.01%) and UsdChf rose again today to 1.0190 (+0.46%). Housing Starts in US were below the consensus at 1,060K but Building Permits were above the expectations at 1,150K.  Crude Oil inventories decreased sharply to 0.252M vs. 4.22M last week.

Gold is trading unchanged at 1,069.8 $/oz and Crude Oil is up 28 cents at 41.99 $/barrel (+0.67%). US indices digested well the FOMC Minutes and are near their intraday highs: Nasdaq Composite up 60.86 points to 5,046.87 (+1.22%) and S&P500 is gaining 21.43 points at 2,071.87 (+1.06%).

Tomorrow the economic calendar would not be rich as today and Swiss Trade Balance at 07:00 GMT and UK Retail Sales at 09:30 GMT will be the most relevant event of the European session.  At 13:30 GMT US Jobless Claims as usual will test the structural decreasing trend of Claims that has a weight on FED monetary policy.

(19:25 GMT)