23.05.14

May 23

FUNDAMENTAL ANALYSIS BY NSFX 23.05.2014

  • BY: Nati
  • May, 23rd, 2014 7:57 +00:00

Good morning,

Asian markets saw very little data figures out aside from the CB Leading Economic Index in China, which was published at 0.9 from 1.2 previously. Bank of Japan will release meeting minutes at the start of next week’s session, with the possibility that this will dictate Monday’s trades as we see a UK and US holiday Monday. GOLD was trading at $1294 per ounce.

The NIKKEI was trading at 14462.17 up 124.38 points an increase of 0.87%

This morning so far we saw German GDP published slightly higher than expected. Further figures expected today from the Euro Zone include German IFO figures and Italian Retail Sales along with wage and inflation data. EURGBP was trading at 0.8091 matching the lows from early 2013

The FTSE100 closed at 6812.36 down 8.20 points minus 0.12% while the DAX closed at 9729.05 up 8.14 points or 0.08%

Canadian figures today will include the important Consumer Price Index data. Expected out at 2.0% from 1.5% US Home Sales figures are also due out this session. USDCAD was trading at 1.0898 at time of writing. With Monday being the Memorial Day holiday in the US there may be lower than average trading volumes coming into the holiday weekend. USOIL was trading at $103.70 per barrel.

The DOW closed at 16543.08 up just 10.02 points or 0.06%

Hope you all have a nice weekend.