Mar 03

FUNDAMENTAL ANALYSIS BY NSFX 03.03.2016

  • BY:
  • March, 03rd, 2016 20:34 +00:00

Good evening,

The ISM Services in US at 53.4 was above the expectations (53.1).  Stock indices in US spent most of the session in negative territory but now the only index that is losing ground is the Nasdaq Composite, with a loss of 4.43 points at 4,669 (-0.09%).

Crude Oil is unchanged at 34.65 $/barrel and Gold is gaining 21.2$ at 1,263 (+1.71%). EurUsd is up 95 pips at 1.0963 (+1.08%) and UsdJpy is at 113.57 (+0.10%). Cable trading at 1.4185 (+0.78%).

Tomorrow the most relevant event will be the US NFP data and Unemployment Rate. The former is expected at +190K and the latter at 4.9%.

(20:30 GMT).