Fundamental Analysis – 04/11/2015

Nov 04

FUNDAMENTAL ANALYSIS BY NSFX 04.11.2015

  • BY:
  • November, 04th, 2015 0:01 +00:00

Good Morning,

AUDUSD pair is actively moving up on Tuesday afternoon after the meeting of the Reserve Bank of Australia. The Reserve Bank of Australia has issued a vote of confidence in Australia’s economic outlook, keeping official interest rates steady despite the increases in mortgage rates by the banks, surprisingly weak ­inflation and mounting concerns about global growth. Asian stocks rose Tuesday after Australia's central bank left the door ajar to lower interest rates, underlining a trend for the region's policymakers to keep stimulus taps open while a rate hike looms in the U.S. and European markets were lacklustre. USDCHF is trading at 0.9905 while GBPUSD is trading at 1.5427.

U.S. equity futures trade modestly lower after retreating steadily. EURUSD is trading at 1.0965 while USDCAD is trading at 1.3051.

European stock markets were lacklustre Tuesday as the early November rally ran out of steam ahead of a raft of crucial U.S. economic data that could well determine whether the Federal Reserve raises interest rates next month. United Kingdom PMI Construction meets forecasts (58.8) in October. GBPCHF is trading at 1.5272 while EURCHF is trading at 1.0859.

Daily Performances (00.00 am. GMT); 

Currencies / Indices / Commodities

Performance

USDCAD

-          0.34%

Russell 2000 Index

0.64%

S&P / TSX 60 Index

0.59%

Wig 20

-          0.76%

USDCHF

0.48%

GBPUSD

0.08%

EURUSD

-          0.43%

EURGBP

-          0.50%

Athex Composite Share Pr

-          0.64%

OMX Copenhagen Index

1.01%

NYSE Composite Index

0.40%

Dow Jones Industrial Average

0.53%

S&P 500

0.40%

Nasdaq Composite Index

0.47%

FTSE 100 Index

0.34%

CAC 40 Index

0.41%

I hope you all have a nice day.

All the figures are as at the writing time.