Fundamental Analysis – 13/11/2015

Nov 13

FUNDAMENTAL ANALYSIS BY NSFX 13.11.2015

  • BY:
  • November, 13th, 2015 4:23 +00:00

Good Morning,

Despite China’s recent turmoil, retail sales growth accelerated in October, surpassing growth in fixed asset investment for the first time since the year 2000. Unemployment rates have dropped in Australia due to government policies says Treasurer Scott Morrison in a press conference in Canberra. Aussie appreciated against USD amid surprising figures from Australia’s employment change and Unemployment Rate, which improved from 6.2% to 5.9%. USDJPY has moved slightly to the downside. USDCHF is trading at 1.0006 while GBPUSD is trading at 1.5209.

Gold is unchanged on Thursday, as the metal trades at a spot price of 1079.41. On the US calendar, five FOMC members are scheduled to speak. USDCAD is notoriously thin in liquidity at the best of times. Oil price is heading back towards the lows of last summer, having settled overnight at its lowest level for more than two months after the latest official data confirmed that the ongoing global oversupply shows no sign of abating. U.S. stocks traded sharply lower Thursday as oil weighed. EURUSD is trading at 1.0789 while USDCAD is trading at 1.3305.

The single currency slipped, but quickly found good support just above 1.0700. Global stock markets slipped Thursday as investors considered clues on the next moves by major central banks. GBPUSD dipped as USD rallied to trade at 1.5209. GBPCHF is trading at 1.5209 while EURCHF is trading at 1.0793.

Daily Performances (00.00 am. GMT); 

Currencies / Indices / Commodities

Performance

USDCAD

0.36%

USDCHF

-          0.39%

GBPUSD

0.03%

EURUSD

0.46%

EURGBP

0.50%

Athex Composite Share Pr

-          1.30%

OMX Copenhagen Index

-          0.59%

FTSE 100 Index

-          1.88%

CAC 40 Index

-          1.94%

BIST 100 Index

0.52%

DAX Index

-          1.15%

IBEX 35 Index

-          2.25%

Malta Stock Exchange Index

-          0.53%

Euro Stoxx 50 Pr

-          1.76%

I hope you all have a nice day.

All the figures are as at the writing time.