Fundamental Analysis – 23/12/2015

Dec 23


  • BY:
  • December, 23rd, 2015 0:45 +00:00

Good Morning,

European Central Bank diaries show meetings with investors are being curbed before monetary policy decisions are made. Weaker U.S. GDP, home sales data pressure greenback. There were signs that U.S. economic growth might struggle to gain traction. EURUSD went up 35 pips to 1.0950 today. USDCHF is trading at 0.9880 while USDCAD is trading at 1.3916.

United States Gross Domestic Product Annualized registered at 2% above expectations (1.9%) in 3Q. United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (1.3%) in 3Q. United States Gross Domestic Product Price Index meets forecasts (1.3%) in 3Q. United States Housing Price Index (MoM) came in at 0.5%, above forecasts (0.4%) in October. USD index declines for third straight session. US stocks rose on pace or a second straight day of gains, as the market was helped by a stabilization in oil prices. EURCAD is trading at 1.5236 while EURGBP is trading at 0.7385.

Japan All Industry Activity Index (MoM) rose from previous -0.2% to 1% in October. Aussie jumped on hopes for Chinese stimulus. CNY fell to a more than 4-year low last week in the wake of the decision by the US to hike interest rates for the first time in a decade. European stocks traded mixed as oil prices bounced back a bit from 11-year lows and Asian stocks closed mostly higher. GBPCHF is trading at 1.4635 while EURCHF is trading at 1.0817.

Daily Performances (4.00 am. GMT); 

Currencies / Indices / Commodities



-          0.18%


-          0.43%



Athex Composite Share Pr

-          0.99%

OMX Copenhagen Index

-          0.78%

FTSE 100 Index


CAC 40 Index


BIST 100 Index

-          0.31%

DAX Index

-          0.09%

IBEX 35 Index


Euro Stoxx 50 Pr


I hope you all have a nice day.

All the figures are as at the writing time.