Fundamental Analysis – 05/11/2015

Nov 05

FUNDAMENTAL ANALYSIS BY NSFX 05.11.2015

  • BY:
  • November, 05th, 2015 0:01 +00:00

Good Morning,

It was a very busy day all over the world with the highlight being Janet Yellen's testimony. USDCHF is trading at 0.9933 while GBPUSD is trading at 1.5380.

FTSE 100 up 0.46%. The Eurozone should introduce a single scheme to protect savers across the common currency area, the president of the European Central Bank said on Wednesday, adding that failure to make such a reform undermined the currency union. UK services PMI for October rises faster than expected. George Osborne has urged Germany to join the UK as partners in a “deal” to reform the European Union and deliver the changes needed for Britain to remain a member. European equities were trading higher Wednesday with sentiment lifted by a rally in U.S. and Asian markets, but it was a tale of two halves with miner Glencore seeing gains and Volkswagen weighing on the DAX. EURUSD is trading at 1.0858 while USDCAD is trading at 1.3164.

NZDUSD is down sharply on the day but has rallied off the lows. USDJPY: With a second day of recovery seeing the pair closing higher, further bullishness is envisaged. Stocks staged a sharp rally on the Tokyo Stock Exchange on Wednesday. GBPCHF is trading at 1.5276 while EURCHF is trading at 1.0787.

Daily Performances (00.00 am. GMT); 

Currencies / Indices / Commodities

Performance

USDCAD

0.81%

Russell 2000 Index

-          0.31%

S&P / TSX 60 Index

0.01%

Wig 20

0.08%

USDCHF

0.35%

GBPUSD

-          0.25%

EURUSD

-          0.91%

EURGBP

-          0.66%

Athex Composite Share Pr

-          1.33%

OMX Copenhagen Index

0.91%

NYSE Composite Index

-          0.25%

Dow Jones Industrial Average

-          0.13%

S&P 500

-          0.18%

Nasdaq Composite Index

-          0.05%

FTSE 100 Index

0.46%

CAC 40 Index

0.25%

I hope you all have a nice day.

All the figures are as at the writing time.