Apr 06

FUNDAMENTAL ANALYSIS BY NSFX 06.04.2016

  • BY: Donal Kelly
  • Aprile, 06th, 2016 18:42 +00:00

Good evening,

a cautious approach of the FED was stressed in its Minutes, thus nothing no unexpected news and EurUsd after it increased its volatility during the data release continued its positive session. The rate is trading at 1.1417 (+0.28%) and UsdJpy is trading below  110 at 109.5 (-0.77%), down for the third consecutive session.

US indices are off their intraday high and the S&P500 is gaining 8.57 points at 2,053.74 (+0.42%).  Crude Oil inventories at -4.93M vs. 2.299M the previous week triggered buy orders on the commodity, that is trading at 37.56 $/barrel (+4.65%). Gold is losing 5$ at 1,224.6 $/oz (-0.41%).

The Asian session will be poor of events in the calendar and tomorrow (time n/a) ECB President Mario Draghi will hold a speech.

(18:40 GMT)