21.07.14

Jul 21

FUNDAMENTAL ANALYSIS BY NSFX 21.07.2014

  • BY: Nati
  • July, 21st, 2014 7:57 +00:00

Good morning,

A quiet day expected today regards data due out. Banks will remain closed for the Japanese holiday for Marine Day. Tomorrow Reserve Bank of Australia Governor Glenn Stevens is due to give a press conference. The AUDUSD pair was trading at 0.9392 at time of writing. The New Zealand Interest Rate decision on Wednesday is expecting an increase from 3.25% to 3.5%

The NIKKEI closed on Friday at 15215.71 down 154.55 points a drop of 1.01%

Today in Europe will see the Italian Industrial Sales and Orders data out this morning, with German Producer Price Index data published in line with expectations earlier. Looking ahead, on Wednesday we will get the Bank of England meeting minutes. EURGBP was trading at 0.7920 at time of writing.

The FTSE100 was trading at 6737.23 down 12.22 or minus 0.18% while the DAX was trading at 9672.05 down 47.97 points or minus 0.49%

EURUSD was trading at 1.3522 starting this week, with the Chicago Fed National Activity Index the main release across the Atlantic from today’s session. Consumer Price Index data for the US is out tomorrow, which is expected to remain steady. Then to close out the week, Friday will see the Durable Goods Orders for June, with a positive result expected for last month. Geopolitical issues remain high on the agenda, with two potential areas to watch in the Ukraine and Israel.

The DOW closed at 17100.18 up 123.37 or 0.73%

Hope you all have a good week.