Feb 15

FUNDAMENTAL ANALYSIS BY NSFX 15.02.2016

  • BY:
  • February, 15th, 2016 19:14 +00:00

Good evening,

US index futures are positive in a session with reduced liquidity for the celebration in US of the President Day. In Europe the banking sector rebounded after being sent to depressive levels during the previous sessions and Indices closed in positive territory for the second consecutive day. The temporary decrease of volatility is also seen on FX , where the Japanese Yen is losing ground after the rate soared for 2 consecutive weeks. UsdJpy now is trading at 114.64 but may test soon the change of polarity level 116, that was a support and now became a resistance.

Gold is retracing thanks to rotation trading: funds placed on the shiny metal now are invested on equities. The commodity is trading at 1,208.28 $/oz (-2.42%).  Crude Oil is struggling to keep its level above 30$ /barrel,  and thanks to increased risk appetite is gaining 32 cents at 31.67 $/barrel (+1.09%).

At 00:30 GMT will be released the Reserve Bank of Australia Meeting`s Minute and the most relevant event of the morning session will be the British CPI at 09:30 GMT.

(19:10 GMT)