Fundamental Analysis – 16/09/2015

Good Evening,

Official figures in the UK showed that average pay across the economy increased by 2.9%, when comparing May to July with the same period a year earlier. The figures also showed joblessness grew by 10,000 between May and July, to 1.82 million. The unemployment rate was 5.5%. European Monetary Union Consumer Price Index (YoY) came in at 0.1% below forecasts (0.2%) in August. Core inflation, a measure that excludes volatile energy and unprocessed food prices, stood at 0.3% month-on-month and 0.9% year-on-year in August, the same as previously estimated and unchanged from July. EURGBP trading at 0.7285 while GBPUSD trading at 1.5508.

Standard & Poor’s has slashed its rating on Japanese debt from AA- to A+ in what it framed as an indictment of prime minister Shinzo Abe’s economic strategy. USDJPY trading at 120.56 while EURJPY trading at 136.27.

The OECD cut its world economic growth forecasts for 2015 and 2016 on Wednesday, warning of a dramatic slowdown in Brazil and a global outlook clouded by uncertainty over China. The OECD cut its world growth forecast for this year to 3.0%, trimming 0.1% points off its previous estimate made in June. For China, whose slowing economy has prompted deep uncertainty in global financial markets, the OECD cut its 2015 growth forecast by 0.1% points to 6.7%. For 2016, the OECD lowered the global growth outlook to 3%, a reduction of 0.2% points from three months ago. NZDCHF trading at 0.6142 while AUDCHF trading at 0.6953

United States Consumer Price Index (MoM) came in at -0.1%, below expectations (0%) in August. United States Consumer Price Index Ex Food & Energy (MoM) in line with forecasts (0.1%) in August. United States EIA Crude Oil Stocks change registered at -2.1M, below expectations (0M) in September 11. Canada Manufacturing Shipments (MoM) came in at 1.7%, above forecasts (1%) in July. Canada Foreign portfolio investment in Canadian securities fell from previous $8.51B to $-10.12B in July. EURUSD trading at 1.1300 while USDCHF trading at 0.9686. USOIL trading at 47.23 while Gold trading at 1120.54.

Daily Performances;

I hope you all have a nice evening.

All the figures are as at the writing time.