16.03.15

Mar 16

FUNDAMENTAL ANALYSIS BY NSFX 16.03.2015

  • BY:
  • Marzo, 16th, 2015 7:27 +00:00

Eurusd opens stronger into the week, 1.0530 area recovered from lows around 1.0457.

Draghi on the wire this evening, speaking in Frankfurt, aswell as ECB members Costa and Lautenschläger

 

Oil dropped to it's lowest price since 2009, amid speculations that high US crude supply might change into a burden for the country's storage capacity.

 

One year after Crimea voted for Russia the life of its people didn't get any better and they still wait for a positive change in living standards.

 

Politicians warn about overwhelming optimism about ECB’s QE program. Rates cannot remain zero forever, Governing Council member Ignazio Visco is quoted as saying.

 

Centralbank decisions this week ahead, FOMC on the 18th and SNB on the 19th.

 

EURUSD Currently trading at 1.0515, USDJPY at 121.25, GBPJPY at 179.18, EURJPY at 127.55, Oil at 46.70, Gold at 1162.