Fundamental Analysis – 02/11/2015

Nov 02

FUNDAMENTAL ANALYSIS BY NSFX 02.11.2015

  • BY:
  • November, 02nd, 2015 0:28 +00:00

Good Morning,

The Bank of Japan (BOJ) maintained its target for boosting the country's monetary base by an annual 80 trillion but lowered its forecast for economic growth and inflation due to a flattening of exports from slower growth in emerging market economies and sluggish private consumption. USDCHF is trading at 0.9879 while GBPUSD is trading at 1.5427.

United States Employment cost index meets expectations (0.6%) in 3Q. The statement issued by the FOMC, the Fed’s policy making unit, following its meeting on Wednesday sent a clear message that the central bank expects to raise interest rates at its next sit-down in December. United States Chicago Purchasing Managers' Index above forecasts (49) in October: Actual (56.2). United States Reuters/Michigan Consumer Sentiment Index below forecasts (92.5) in October: Actual (90). EURUSD is trading at 1.1006 while USDCAD is trading at 1.3079. 

The GBPUSD pair initially fell during the course of the week, but found enough support at the 1.5200 level to turn things back around and form a hammer. GBPCHF is trading at 1.5234 while EURCHF is trading at 1.0870.

Daily Performances (00.00 am. GMT);

 

Currencies / Indices / Commodities

Performance

USDCAD

-          0.75%

Russell 2000 Index

-          0.32%

S&P / TSX 60 Index

-          2.41%

Wig 20

0.03%

USDCHF

-          0.28%

GBPUSD

0.74%

EURUSD

0.23%

EURGBP

-          0.55%

Athex Composite Share Pr

-          2.03%

OMX Copenhagen Index

-          0.25%

NYSE Composite Index

-          0.35%

Dow Jones Industrial Average

-          0.52%

S&P 500

-          0.48%

Nasdaq Composite Index

-          0.40%

FTSE 100 Index

-          0.54%

DAX Index

0.47%

CAC 40 Index

0.19%

I hope you all have a nice day.

All the figures are as at the writing time.