Fundamental Analysis – 29/01/2016

Jan 29

FUNDAMENTAL ANALYSIS BY NSFX 29.01.2016

  • BY:
  • January, 29th, 2016 1:10 +00:00

Good Morning,

United States Durable Goods Orders below expectations (-0.6%) in December: Actual (-5.1%). Russian oil minister Novak is crossing on the wires and discussing the proposed OPEC/Non-OPEC meeting. He said Russia is ready to meet in any format. The Federal Reserve Board on Thursday released the supervisory scenarios for the 2016 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises and also issued instructions to firms participating in CCAR. USDCHF is trading at 1.0140 while USDCAD is trading at 1.4032.

Fundamentals not supporting the Aussie in the short term and a rate hike probability are diminishing. EURCAD is trading at 1.5344 while EURGBP is trading at 0.7618.

United Kingdom Gross Domestic Product (QoQ) meets forecasts (0.5%) in 4Q. GBPCHF is trading at 1.4549 while EURCHF is trading at 1.1090.

Daily Performances (4.00 am. GMT); 

Currencies / Indices / Commodities

Performance

NZDUSD

0.78%

GBPJPY

0.99%

AUDUSD

0.80%

USDCAD

-          0.44%

EURGBP

-          0.43%

CAC 40 Index

-          1.33%

IBEX 35 Index

-          1.72%

Euro Stoxx 50 Pr

-          2.10%

FTSE 100 Index

-          0.98%

Swiss Market Index

-          2.04%

I hope you all have a nice day.

All the figures are as at the writing time.