Fundamental Analysis 23rd January 2015

Good Morning,

ECB Draghis speech was "The" main news event yesterday.

After announcing that ECB will launch a 1 trillion Euro rescue package, 60 bln Eur per month from march 2015 until sep 2016,

EURUSD dropped to 1.1314 and USDCHF rose to 0.8725, EURCHF currently trades below 0.99

Oil prices are higher following the death of Saudi Arabia’s King Abdullah. His half-brother Prince Salman will become King.

WTI moved from low around 46.00 to 47.77 after the news and settled around 47.10

Stocks closed mainly higher after the ECB's Q.E. was announced. Worldwide indices:

DJI 17813.98  +1.48%, DAX 10‘435.62, FTSE 6796.63  +1.02%, JPN225 17‘511.75  +1.05%, SMI 7999.48 -.11% , AUS 5468.193 +1.44%