Feb 16

FUNDAMENTAL ANALYSIS BY NSFX 16.02.2016

  • BY:
  • February, 16th, 2016 20:52 +00:00

Good evening,

US indices are rallying with performances between 1.5%-2% , with Nasdaq outperfoming both DJIA and S&P500.  Gold is struggling to keep area 1,200 $/oz as the commodity now is trading at 1,203 $/oz (-2.91%). Weakness on the energy sector as Crude Oil and Natural Gas are losing both more than 1%.

EurUsd nearly unchanged at 1.1140 and UsdJpy now at 113.88 (-0.59%). GbpUsd is down 144 pips at 1.4286 (-1%), its worst day of this month. Tomorrow at 08:00 GMT will be held the ECB Non Monetary Meeting and then at 19:00 GMT will be the turn of the FED Minutes. EurUsd is down for the 4th consecutive day and if the FED will disappoint bullish investors it will be likely to see a reversal on EurUsd and Indices may retrace.

(20:51 GMT)