Fundamental Analysis – 03/02/2016

Feb 03

FUNDAMENTAL ANALYSIS BY NSFX 03.02.2016

  • BY:
  • February, 03rd, 2016 1:09 +00:00

Good Morning,

Buying USDJPY after the Bank of Japan cut interest rates to negative levels is one of our favorite trades. USDCHF is trading at 1.0190 while USDCAD is trading at 1.4027.

European Monetary Union Unemployment Rate below expectations (10.5%) in December: Actual (10.4%). EURCAD is trading at 1.5312 while EURGBP is trading at 0.7575.

United States Total Vehicle Sales above forecasts (17.4M) in January: Actual (17.58M). GBPCHF is trading at 1.4676 while EURCHF is trading at 1.1123.

Daily Performances (4.00 am. GMT);

Currencies / Indices / Commodities Performance
NZDUSD -          0.68%
GBPJPY -          0.94%
AUDUSD -          0.77%
USDCAD 0.59%
EURGBP 0.45%
CAC 40 Index -          2.47%
IBEX 35 Index -          2.96%
Euro Stoxx 50 Pr -          2.29%
FTSE 100 Index -          2.28%
Swiss Market Index -          1.37%

I hope you all have a nice day.

All the figures are as at the writing time.