25.07.14

Jul 25

FUNDAMENTAL ANALYSIS BY NSFX 25.07.2014

  • BY: Nati
  • July, 25th, 2014 8:43 +00:00

Good morning,

Overnight the Japanese Consumer Price Index figures were published overnight, with JPY suffering following the figures. USDJPY rose to 101.80 New Zealand Business Confidence Index dropped from 42.8% to 39.7% failing to halt the third session of weakness for the NZD. NZDUSD was trading at 0.8553 at time of writing.

The NIKKEI was trading at 15457.87 up 173.45 points or 1.13%

British Gross Domestic Product results for the second quarter are out this morning, expectations for a year on year increase to 3.1% from 3.0% are forecast. Expect GBP volatility should this number be missed, and EURGBP to move lower if the GDP figure exceeds expectations following lower than expected German figures this morning. EURGBP was trading at 0.7918 ahead of the data release.

The FTSE100 was trading at 6818.83 while the DAX was trading at 9776.73

American Durable Goods figures are the main data released today across the Atlantic, leading to what will be possibly be a quiet session heading into the weekend. EURUSD was trading at 1.3448 at time of writing, with GOLD trading at $1292 per ounce.

The DOW closed at 17083.80 down just 2.83 points, or minus 0.02%

Hope you all have a nice weekend.