Mar 23

FUNDAMENTAL ANALYSIS BY NSFX 23.03.2016

  • BY:
  • March, 23rd, 2016 20:58 +00:00

Good evening,

US indices are in negative territory and also near their intraday lows with the Nasdaq Composite at 4,768.86 (-1.10%) and the S&P500 at 2,036.71 (-0.64%).  Volatility is the best performer of the session as profit taking on the recent rally probably triggered some important technical support levels on commodities.

Huge Crude Oil inventories had consequences on the commodity: Crude is losing 1.67$ at 39.78 $/barrel (-4.03%).  Selloff on precious metals as well with Silver (-3.90%) undeperforming the shiny metal (-2.23%).

In the FX market the US dollar rebounded after it lost ground recently against commodity currencies and the Swiss Franc as well. AudUsd at 0.7530 (-1.18%) and UsdCad at 1.3207 (+1.22%); EurUsd is trading at 1.1183 (-0.30%) and  UsdJpy at 112.42 (+0.07%).

(20:58 GMT).