Fundamental Analysis – 30/12/2015

Good Morning,

United States Pending Home Sales (MoM) below forecasts (0.5%) in November: Actual (-0.9%)

EURUSD remains in range after US pending home sales data. United States EIA Crude Oil Stocks change came in at 2.629M, above forecasts (-2.5M) in December 25. United States 7-Year Note Auction is up to 2.161% from previous 2.013%. International Monetary Fund Chief Christine Lagarde referred that global growth outlook for 2016 will be disappointing, citing the rise in interest rates by the Federal Reserve and the slowdown in the Chinese economy. USDCHF is trading at 0.9872 while USDCAD is trading at 1.3887.

Italy Producer Price Index (YoY) declined to -3.3% in November from previous -2.9%. Italy Producer Price Index (MoM) is down to -0.5% in November from previous -0.1%. European Monetary Union M3 Money Supply (YoY) registered at 5.1%, below expectations (5.4%) in November. European Monetary Union M3 Money Supply (3m) remains at 5.1% in November. European Monetary Union Private loans (YoY): 1.4% (November) vs 1.2%. Greece Producer Price Index (YoY) up to -8.5% in November from previous -9.6%. EURCAD is trading at 1.5177 while EURGBP is trading at 0.7377.

This year China’s slowdown truly became center stage between a summer rout in Shanghai shares and surprise devaluation in CNY sending global markets into a tailspin. GBPCHF is trading at 1.4620 while EURCHF is trading at 1.0792.

Daily Performances (4.00 am. GMT); 

I hope you all have a nice day.

All the figures are as at the writing time.