29.07.14

Jul 29

FUNDAMENTAL ANALYSIS BY NSFX 29.07.2014

  • BY: Nati
  • July, 29th, 2014 8:35 +00:00

Good morning,

Asian markets were surprised by data release which announced the Japanese Unemployment rate increase from 3.5% to 3.7% overnight. Industrial Production figures are due out during the following session, while this session sees the Japanese Index performing well. USDJPY was trading at 101.89 at time of writing.

The NIKKEI was trading at 15618.07 up 88.67 points, an increase of 0.57%

European figures today will see Mortgage Approvals awarded for June and Net Lending figures from Britain. Looking ahead to tomorrow we will see the German Consumer Price Index data and Unemployment data is due out during Thursday's session for the largest producer in the EU. EURUSD was trading at 1.3432 with EURGBP trading at 0.7911

The FTSE100 was trading at 6793.88 while the DAX was trading at 9584.44

Across the Atlantic today we await American Consumer Confidence figures, although trading volumes could be lower than usual as the FED Interest Rate decision published during tomorrow's session. GDP figures for the US precede the interest rate announcement. GOLD was trading at $1310 wilt USOIL trading at $101.62 per barrel at time of writing.

Hope you all have a good day.