Dec 10

FUNDAMENTAL ANALYSIS BY NSFX 10.12.2015

  • BY:
  • December, 10th, 2015 19:40 +00:00

Good evening,

UsdJpy went below its 200SMA and now the rate is trading at 121.56 (+0.11%); EurUsd is retracing 92 pips at 1.0931 (-0.84%), losing momentum but is not trading below its yesterday low. Positive job data in Australia lifted AudUsd, with the pair  trading at 0.7289 (+0.82%), up  59 pips. The SNB left interest rates unchanged and the Swiss Franc did not increase its intraday volatility. Bad day for the South African Rand, with UsdZar that made a record high. The rate is trading at 15.4392 (+3.03%),and even is it true that the timing of the President Zuma in firing the finance minister did not help, the downtrend of the Rand started several years ago.  GbpUsd lost ground when the BOE released its Minutes but then the rate recovered and now is trading at 1.5158 (-0.15%).

Gold is trading unchanged at 1,071 $/oz and Crude Oil is down 37 cents at 36.79 $/barrel (-1%). Positive session for US equities, with the S&P500 up 18.67 points at 2,066.29 (+0.91%).

Tomorrow the most relevant event in the economic calendar will be the Eurozone LTRO (long term refinancing operation) at 10:15 GMT and then US Retail Sales at 15:00 GMT.

(19:40 GMT)