Feb 04

FUNDAMENTAL ANALYSIS BY NSFX 04.02.2016

  • BY: Donal Kelly
  • February, 04th, 2016 18:15 +00:00

Good evening,

calm session for US indices waiting a direction that likely will be given tomorrow by the job and unemployment reports. Gold trading at its 3 month high and Crude Oil trendless today after yesterday huge gains.

In the FX market the Greenback is sold across the board: EurUsd is trading at 1.1202 (+0.89%) and UsdJpy is losing at 116.84 (-0.89%). UsdChf left the parity and Kiwi and Aussie dollar are up betweem 0.75%-1% vs. the US dollar.

Tomorrow US NFP data at 13:30 GMT will be the most relevant event of the day; Jobs data in Canada will be released as well at 13:30 GMT.

(18:10 GMT)