Fundamental Analysis – 09/12/2015

Dec 09


  • BY:
  • December, 09th, 2015 0:53 +00:00

Good Morning,

United States JOLTS Job Openings below expectations (5.5M) in October: Actual (5.383M). Oil saw significant weakness with breaking below 38.00/bbl. to reach fresh multi year lows. CAD may continue to get hammered if Fed resumes tightening at the December meeting. U.S. stocks closed mostly lower Tuesday but off session lows as oil prices stabilized and biotech stocks gained. United States Redbook index (MoM) declined to -0.6% in December 4 from previous 1.6%. USDCHF is trading at 0.9923 while USDCAD is trading at 1.3578.

Chinese imports and exports both fell in November, official data showed Tuesday, the latest poor figures from the world’s second largest economy. Aussie dollar has continued to ease lower over the last couple days. Japan’s gross domestic product rose at a 1% annualized rate vs. 0.2% expected and way above the preliminary reading of -0.8%. EURCAD is trading at 1.4788 while EURGBP is trading at 0.7257.

The Quantitative easing stays in its place and the ECB rates keep on falling. Eurostat confirmed that economic growth in the Eurozone was 0.3% QoQ in the July - September period and 1.6% yoy, as estimated earlier and expected by markets. Last week's disappointment by the ECB should have decreased pressure on the SNB to turn more aggressive on monetary policy. GBPCHF is trading at 1.4884 while EURCHF is trading at 1.0808.

Daily Performances (4.00 am. GMT); 

Currencies / Indices / Commodities





-          0.31%



Athex Composite Share Pr

-          4.43%

OMX Copenhagen Index

-          1.32%

FTSE 100 Index

-          1.42%

CAC 40 Index

-          1.57%

BIST 100 Index

-          1.09%

DAX Index

-          1.95%

IBEX 35 Index

-          2.04%

Euro Stoxx 50 Pr

-          1.87%

I hope you all have a nice day.

All the figures are as at the writing time.