Mar 22

FUNDAMENTAL ANALYSIS BY NSFX 22.03.2016

  • BY:
  • March, 22nd, 2016 19:46 +00:00

Good evening,

US indices fluctuate today and the S&P500 is losing 2.09 points at 2,049.51 (-0.1%). Nasdaq Composite is up 11.25 points at 4,820.12 (+0.23%).  In the FX market  weak inflation data from UK is hurting the British Pound against the Greenback. Consumer Price Index data YoY at +0.3% matched the consensus but it was below the expectations the MoM data; Producer Price Index figures were also the consensus. Cable is trading at 1.4206 (-1.12%), down 161 pips. British Pound weak also against the Euro, with EurGbp at 0.7895 (+0.93%), up 72 points. EurUsd is trading at 1.1216 (-0.22%), with a loss of 24 pips.

Gold rose after the terrorist attacks in Brussels, Belgium, but now is off its intraday high at 1,248.20 $/oz  (+0.32%).  Crude Oil is trading nearly flat at 41.45 $/barrel.  Tomorrow the economic calendar will have few events in Eurozone, and the most relevant event of the European session will be the Swiss ZEW Survey and the SNB Quarterly Bullettin.   In US will be released New Home Sales Change data at 14:00 GMT and then EIA Crude Oil Stock Change at 14:30 GTM. The Asian session will kick off with New Zealand Trade Balance at 21:45 GMT.

(19:40 GMT).