Fundamental Analysis – 23/11/2015

Nov 23


  • BY:
  • November, 23rd, 2015 4:07 +00:00

Good Morning,

Canada Consumer Price Index (YoY) meets forecasts (1%) in October. Canada Retail Sales (MoM) below forecasts (0.2%) in September: Actual (-0.5%). Gold failed to sustain early gains and turned negative, as the greenback strengthened across the board, dragging the metal back below 1080.00 an ounce. Canada Wholesale Sales (MoM) registered at -0.1%, below expectations (0.3%) in September. US initial jobless claims drops as expected to 271K. Iran's oil minister Said Bijan Zanganeh in Tehran: "To increase Iran's oil production in the global market after the lifting of sanctions, we do not need permission from OPEC or any other organization". According to the FOMC minutes, most of the committee members anticipated that their assessment of the current economic situation and their outlook for economic activity, the labour market and the inflation conditions could well be met by the next meeting in December 2015. S&P 500 index logged its best weekly gain in nearly a year Friday after a series of strong earnings, particularly from retailers, helped boost the stock market benchmark. USDCHF is trading at 1.0177 while GBPUSD is trading at 1.5189.

Mario Draghi, President of the European Central Bank (ECB) used a speech in Frankfurt on Friday, November 20 to openly declare that he and the ECB Governing Council are fully ready to act on December 3 to rapidly deploy a range of monetary policy measures designed to lift the inflation rate within the single currency region from the level of 0.1% recorded in October. European stocks edged higher Friday, locking in a weekly advance after a bumpy series of sessions. United Kingdom Retail Sales (YoY) registered at 3.8%, below expectations (4.2%) in October. USDCAD is trading at 1.3344 while EURGBP is trading at 0.7005.

Japan All Industry Activity Index (MoM) below expectations (0.2%) in September: Actual (-0.2%). GBPCHF is trading at 1.5453 while EURCHF is trading at 1.0842.

Daily Performances (03.00 am. GMT); 

Currencies / Indices / Commodities







-          0.68%


-          0.84%


-          0.15%

Athex Composite Share Pr

-          1.73%

OMX Copenhagen Index


FTSE 100 Index


CAC 40 Index

-          0.08%

BIST 100 Index


DAX Index


IBEX 35 Index

-          0.62%

Euro Stoxx 50 Pr


I hope you all have a nice day.

All the figures are as at the writing time.