25/10/2013

Oct 25

FUNDAMENTAL ANALYSIS BY NSFX 25.10.2013

  • BY:
  • October, 25th, 2013 8:01 +00:00

Good morning,

In US equity gauges closed all with positive sign. USA500 consolidate the gains of the previous trading days at 1752.07, up 5.69 points (+0.62%) , Nasdaq continued its fight the gravity path and closed at 3928, up 21.89 points (+0.56%). The DJIA, even considering the positive performance, still trading below its multiple top resistance 15709.  It ended the trading session at 15509.2 , up 95.88 points (+0.62%).  In Asia the Nikkei went into selloff style, down -398.22 points at 14088.2 (-2.75%). In Hon Kong the Hang Seng closed at 22694.7, down -141.1 or (-0.62%).  In Australia the ASX200 closed at 5386.35, +13.46 points (+0.25%).  In  Eurozone this morning the DAX is trading at 8954 (-0.29%), struggling to reach key area 9000 points. The STOXX 50 is trading at 3024.28, down -14.68 points (-0.26%). In UK the FTSE is just losing -5.54 points (-0.08%) at 6707. In the FX market the EurUsd still trading above 1.38 at 1.3826 (+0.18%) and the UsdJpy is trading at 97 (-0.28%). GbpUsd  is gaining 28 pips at 1,6229 at (+0.17%). Metals are losing ground with silver at 22.37 (-1.37%) and gold at 1341 (-0.33%).  Data from UK GDP will be released at 8:30 GMT and in US the macro data flow will start  at 12:30 GMT with Durable Goods Orders followed at 13:55 with Michigan consumer Sentiment