19.01.15

Jan 19

FUNDAMENTAL ANALYSIS BY NSFX 19.01.2015

  • BY: Nati
  • January, 19th, 2015 8:25 +00:00

Good morning,

Japanese Industrial Production figures to November have dropped by 3.7% year on year. However Consumer Confidence has gone up, from 37.7 to 38.8 in December. USDJPY trading at 117.18 Chinese GDP figures will be announced for the 4th Quarter of 2014 at the start of the next Asian session.

The NIKKEI was trading at 17014.29 up 150.13 points or 0.89%

In Europe today there is little of major importance. The Current Account Balance of the Euro Zone, with Producer and Import Prices from Switzerland will be published. Following last week’s shock the EURCHF is now trading at 1.0018 Later this week the markets expect that the ECB under Mario Draghi will at least consider a QE program. The Interest Rate decision will be announced on Thursday followed by a press conference and polity statement. EURUSD trading at 1.1568

The FTSE100 was trading at 6558.89 while the DAX was trading at 10228.28 shortly after the opening bell.

US Markets enjoy a day off in honour of Martin Luther King’s birthday. Canada will announce foreign investment figures this session, but we can expect a lower volume in the markets today due to the US holiday. Later in the week the Bank of Canada will announce their Interest Rate decision along with their press conference and monetary policy statement. USDCAD trading at 1.1963

The DOW closed at 17511.57 last Friday.

Hope you all have a nice week.