Fundamental Analysis – 14/12/2015

Good Morning,

EURUSD seems to be provided new life post ECB Meeting.: From 1.0500 to 1.1100 is 500 pips in two weeks. The gains last week snapped a 6-week losing streak for gold. United States Producer Price Index (YoY) came in at -1.1%, above expectations (-1.4%) in November. United States Retail Sales ex Autos (MoM) above forecasts (0.3%) in November: Actual (0.4%). United States Retail Sales (MoM) came in at 0.2%, below expectations (0.3%) in November. United States Monthly Budget Statement below forecasts ($-64B) in November: Actual ($-65B). United States Initial Jobless Claims above forecasts (269K) in December 4: Actual (282K). USDCHF is trading at 0.9843 while USDCAD is trading at 1.3741.

AUDUSD has opened in a bullish gap on the back of the positive news in China from over the weekend. Australia Employment Change s.a. came in at 71.4K, above forecasts (-10K) in November. Australia Full-time employment increased to 41.6K in November from previous 40K. Australia Participation Rate came in at 65.3%, above expectations (65%) in November. Australia Unemployment Rate s.a. registered at 5.8%, below expectations (6%) in November. Australia Consumer Inflation Expectation climbed from previous 3.5% to 4% in December. Japan Foreign bond investment: ¥73.1B (December 4) vs ¥-156.7B. New Zealand Electronic Card Retail Sales (MoM): 0.3% (November) vs 0%. New Zealand Electronic Card Retail Sales (YoY) fell from previous 5.6% to 3.7% in November. RBNZ cuts rates to 2.50% from 2.75%. EURCAD is trading at 1.5073 while EURGBP is trading at 0.7220.

European Monetary Union Targeted LTRO above expectations (€7.5B): Actual (€18.3B). Germany Harmonized Index of Consumer Prices (YoY) meets expectations (0.3%) in November. United Kingdom BOE MPC Vote Cut meets expectations (0). United Kingdom BOE MPC Vote Hike meets expectations (1). United Kingdom BOE MPC Vote Unchanged meets forecasts (8). United Kingdom BoE Interest Rate Decision meets forecasts (0.5%) in December 10. United Kingdom BoE Asset Purchase Facility meets forecasts (£375B) in December. United Kingdom Total Trade Balance: £-4.14B (October) vs previous £-1.353B. United Kingdom Goods Trade Balance came in at £-11.83B below forecasts (£-9.7B) in October. United Kingdom Trade Balance; non-EU came in at £-3.73B, below expectations (£-2.5B) in October. Switzerland SNB Interest Rate Decision meets forecasts (-0.75%). United Kingdom RICS Housing Price Balance below expectations (50%) in November: Actual (49%). GBPCHF is trading at 1.4946 while EURCHF is trading at 1.0796.

Daily Performances (4.00 am. GMT); 

I hope you all have a nice day. 

All the figures are as at the writing time.