Fundamental Analysis – 12/01/2016

Jan 12

FUNDAMENTAL ANALYSIS BY NSFX 12.01.2016

  • BY:
  • January, 12th, 2016 0:57 +00:00

Good Morning,

AUDUSD managed to recover after a big drop caused by equities, Chinese market and CNY devaluation. Recent Chinese data weakness, coupled with rising geopolitical tensions stemming from developments with North Korea and the Middle-East, have seen 2016 begin in a heavily risk-off tone with Equities and Commodities getting hit. On Monday, China’s National Bureau of Statistics reported the 2015 producer-price index for manufactured goods declined 5.2%. USDCHF is trading at 1.0016 while USDCAD is trading at 1.4222.

Risk sentiment reprieve from robust US non-farm job gains proved short lived, as concerns over China jitters and global economic slowdown were quick to regain its grip and keep risk appetite at bay. The rapidly falling price of oil dragged down Canada’s stock market on Monday amid lingering worries for the country's economic outlook this year. China and oil continued to torment markets on Monday, extending what has been a brutal start to the year. EURCAD is trading at 1.5435 while EURGBP is trading at 0.7463.

Real turnover in the Swiss retail sector adjusted for sales days and holidays fell by 2.1% in November 2015 compared with November 2014. GBPCHF is trading at 1.4558 while EURCHF is trading at 1.0873.

Daily Performances (4.00 am. GMT);

Currencies / Indices / Commodities Performance
GBPUSD 0.15%
EURGBP -          0.68%
USDCHF 0.74%
CAC 40 Index -          0.49%
BIST 100 Index 0.62%
IBEX 35 Index -          0.26%
Euro Stoxx 50 Pr -          0.20%
FTSE 100 Index -          0.69%
OMX Copenhagen Index -          1.54%
Swiss Market Index -          0.53%

I hope you all have a nice day.

All the figures are as at the writing time.