Fundamental Analysis – 17/11/2015

Nov 17


  • BY:
  • November, 17th, 2015 0:11 +00:00

Good Morning,

The weekend news flow was dominated by the Paris attacks keeping FX trading in tight ranges today. EURUSD tumbled 43 points even though Euro-zone inflation printed a bit higher than expected. GBPUSD remained relatively unchanged over the day. EURGBP dipped 11 points as EUR got hit hard. United Kingdom Right move House Price Index (YoY) climbed from previous 5.6% to 6.2% in November. USDCHF is trading at 1.0075 while GBPUSD is trading at 1.5204.

Gold has its best day of trading in a month as European stocks begin to recover in the aftermath of terror attacks. Oil gained 48 cents to trade at 41.22 giving back some of its early morning gains as markets seem to be less panicked than expected. USDCAD is trading at 1.3366 remaining near the top of its trading range after global commodities fell and USD rallied. EURUSD is trading at 1.0714 while EURGBP is trading at 0.7049.

On Friday and Monday morning, global sentiment on risk turned further negative. This is weighing slightly on USDJPY. Japanese GDP was worse than expected. There were some shocking parts, like capex, and some not so shocking parts, like consumer spending. EURJPY tumbled 75 points as EUR fell and JPY soared on safe haven moves. Auckland housing market is now suffering a hangover from its recent excesses. GBPCHF is trading at 1.5311 while EURCHF is trading at 1.0795.

Daily Performances (00.00 am. GMT);

Currencies / Indices / Commodities Performance
USDCAD 0.34%
USDCHF 0.23%
GBPUSD -          0.15%
EURUSD -          0.44%
EURGBP -          0.26%
Athex Composite Share Pr -          1.34%
OMX Copenhagen Index 0.17%
FTSE 100 Index 0.38%
CAC 40 Index -          0.05%
BIST 100 Index -          0.93%
DAX Index 0.08%
IBEX 35 Index 0.02%
Euro Stoxx 50 Pr 0.10%

I hope you all have a nice day.

All the figures are as at the writing time.