Feb 19

FUNDAMENTAL ANALYSIS BY NSFX 19.02.2016

  • BY:
  • February, 19th, 2016 20:52 +00:00

Good evening,

US indices opened in negative territory but recovered and now performances are mixed, with Nasdaq Composite up 18.07 points at 4,505.61 (+0.40%) and S&P500 down 0.27 points at 1,917.56 (-0.01%).

Profit taking on Crude Oil, down 1$ at 31.92 $/barrel (-3.07%); the commodity anyway will close the week in positive territory after 2 consecutive losing weeks. Gold is consolidating above 1,200 $/oz at 1,229.6 $/oz (+0.27%).

In the FX market EurUsd is trading at 1.1126 (+0.18%), just above its 200SMA. The Japanese Yen is gaining ground against most of major group of currencies and Oceanic currencies are flat versus the Greenback.

Both US and Canadian CPI data was above the consensus but volatility did not soar thus there was not a change in the short term trend. The British Pound is developing a short term trading range but the news flow regarding a possible Brexit could increase the daily range of the Pound.

(20:50 GMT)