Fundamental Analysis – 03/12/2015

Dec 03


  • BY:
  • December, 03rd, 2015 0:53 +00:00

Good Morning,

Gold suffered further falls on Wednesday following a positive US jobs report. Oil prices fell on Wednesday as a rise in U.S. inventories added to a deep global glut, while investors discounted any possibility that the Organization of the Petroleum Exporting Countries would do anything to cut production at this week's meeting. USDCHF is trading at 1.0194 while USDCAD is trading at 1.3347.

In arguably the most important ECB meeting since the introduction of QE, Draghi is expected by the majority of analysts to act further, with the most likely actions including a cut to the deposit rate and an increase in the Quantitative Easing program. EURCAD is trading at 1.4169 while EURGBP is trading at 0.7103.

Australia AiG Performance of Services Index: 48.2 (November) vs previous 48.9. GBPCHF is trading at 1.5228 while EURCHF is trading at 1.0822.

Daily Performances (4.00 am. GMT);

Currencies / Indices / Commodities Performance
USDCAD -          0.06%
GBPUSD -          0.89%
EURGBP 0.79%
Athex Composite Share Pr -          2.06%
OMX Copenhagen Index 0.33%
FTSE 100 Index 0.40%
CAC 40 Index -          0.18%
BIST 100 Index -          0.51%
DAX Index -          0.63%
IBEX 35 Index -          0.36%
Euro Stoxx 50 Pr -          0.32%

I hope you all have a nice day.

All the figures are as at the writing time.