18/03/2014

Mar 18

FUNDAMENTAL ANALYSIS BY NSFX 18.03.2014

  • BY:
  • March, 18th, 2014 13:37 +00:00

Good afternoon,

US stocks opened up today: DJIA up 25.88 points at 16,273 (+0.16%) and Nasdaq is gaining 6.88 points at 4,286.83 (+0.16%). The S&P500 is at 1,861.4 (+0.14%), up 2.57 points.

After equities in Europe were trading in negative territory turned positive: the Stoxx50 is at 3,077.82 (+0.94%), up 28.63 points and the FTSE100 is at 6,590.64 (+0.34%), gaining 22.29 points.  DAX index is up at 9,247.28 (+0.72%), up 66.39 points.

In the FX market EurUsd is struggling to mantain 1.39 area and now is trading at 1.3901 (-0.14%). UsdJpy is giving back yesterday gain and now is at 101.48 (-0.33%), down 33 pips.  GbpUsd at 1.6582 (-0.32%) is losing 53 pips. UsdChf is rising 16 pips at 0.875 (+0.19%) and the US dollar is losing ground against both Kiwi and Aussie dollar: NzdUsd is trading at 0.8615 (+0.56%) up 47 pips and AudUsd is at 0.9106 (+0.21%), up 19 pips.

Silver is losing 43 cents at 20.77 $/ounce (-1.96%) and Gold is trading at 1,353.38 $/ounce (-1.03%), thus a negative day for precious metals.  Crude oil is gaining 38cents at 98.46 $/barrel (+0.39%)  and Natural Gas is at 4.49 $/BTU (-0.88%) .

At 15:55 GMT Bank of Canada Governor Poloz speech likely will increase volatility on the Canadian dollar and At 17:45 GMT  the former Governor of BOC and actually the Governor of Bank of England Mr. Carney will hold a speech as well.