Feb 22

FUNDAMENTAL ANALYSIS BY NSFX 22.02.2016

  • BY: Donal Kelly
  • February, 22nd, 2016 20:29 +00:00

Good evening,

US indices are in positive territory with the Nasdaq Composite up 53.97 points at 4,558.39 (+1.20%) and the S&P500 is at 1,940.71 (1.20%). Crude Oil is trading at 33.32 $/barrel (+4.94%) and Gold is losing 21.6$ at 1,209.2 $/oz (-1.75%).

In the FX market the British Pound is the loser of the day  among the most traded pairs as London Mayor Boris Johnson is backing the Brexit. GbpUsd is trading at 1.4149 (-1.75%).  EurUsd is down 96 pips at 1.1030 (-0.87%) and the Greenback is weak against Oceanic currencies, with the consequence that the Euro is losing more than 2% against Kiwi and Aussie dollar as well.

The Asian session will be poor of relevant events and tomorrow at 07:00 GMT will be released the German Gross Domestic Product. The most relevant event of the US session will be the Consumer Confidence data at 15:00 GMT.