Fundamental Analysis – 11/11/2015

Nov 11

FUNDAMENTAL ANALYSIS BY NSFX 11.11.2015

  • BY:
  • November, 11th, 2015 5:03 +00:00

Good Morning,

Gold remained mired near a three-month low on Tuesday as USD rose towards a seven month peak on prospects the U.S. Federal Reserve will raise interest rates in December. US stocks fell on Monday on expectations of impending rate hike and concerns over weak Chinese trade data. With 90% of the companies in the S&P 500 having reported their third quarter 2015 earnings, one thing is clear: the energy sector has taken its toll on the market. USDCHF is trading at 1.0072 while GBPUSD is trading at 1.5109.

The Japanese economy contracted in Q2 at 1.2% y/y and the CPI annualized CPI is stuck at 0%. Moody’s warns of global shock-waves from China slowdown. EURUSD is trading at 1.0709 while USDCAD is trading at 1.3263.

EUR continues to have a quiet week. Italy Industrial Output w.d.a (YoY): 1.7% (September) vs. 1%. UK retail sales decreased 0.2% on a like for like basis from October 2014, when they were unchanged from the preceding year. GBPCHF is trading at 1.5213 while EURCHF is trading at 1.0785.

Daily Performances (00.00 am. GMT); 

Currencies / Indices / Commodities

Performance

USDCAD

-          0.15%

Russell 2000 Index

-          0.09%

S&P / TSX 60 Index

-          0.55%

Wig 20

0.44%

USDCHF

0.38%

GBPUSD

-          0.03%

EURUSD

-          0.39%

EURGBP

-          0.34%

Athex Composite Share Pr

-          1.65%

OMX Copenhagen Index

-          0.30%

NYSE Composite Index

0.04%

Dow Jones Industrial Average

-          0.05%

S&P 500

0.04%

Nasdaq Composite Index

-          0.36%

FTSE 100 Index

-          0.32%

CAC 40 Index

-          0.02%

I hope you all have a nice day.

All the figures are as at the writing time.