Fundamental Analysis – 05/01/2016

Gen 05

FUNDAMENTAL ANALYSIS BY NSFX 05.01.2016

  • BY:
  • Gennaio, 05th, 2016 0:51 +00:00

Good Morning,

USD trades higher against EUR and most other rivals. United States ISM Prices Paid came in at 33.5 below forecasts (35.2) in December. In escalating diplomatic conflict between OPEC members Iran and Saudi Arabia should mean a spike in oil prices. USDCHF is trading at 1.0021 while USDCAD is trading at 1.3939.

NZDUSD has posted sharp losses on Monday, as the pair trades at 0.6751. AUD has posted considerable losses on Monday, as AUDUSD trades just above the 0.7200 line. USDJPY has posted sharp losses on Monday, as JPY trades at 119.43. In China, both the Caixin (48.2) and official (49.7) Manufacturing PMI reports missed expectations. China’s stock market displayed its global heft Monday, as a sharp selloff in Shanghai ushered in a grim opening day for trading world-wide. EURCAD is trading at 1.5096 while EURGBP is trading at 0.7355.

Global equity markets fell sharply on Monday, while gold and bonds rose, after a 7% slide in Chinese shares sparked by weak economic data rekindled worries over global growth on the first day of trading in 2016. Our main theme for EURUSD was renewed downside pressure contingent upon the European Central Bank starting the next leg of its easing program. GBPCHF is trading at 1.4749 while EURCHF is trading at 1.0852.

Daily Performances (4.00 am. GMT); 

Currencies / Indices / Commodities

Performance

USDCAD

0.81%

GBPUSD

-          0.05%

EURGBP

-          0.19%

CAC 40 Index

-          2.47%

BIST 100 Index

-          1.69%

IBEX 35 Index

-          2.42%

Euro Stoxx 50 Pr

-          3.14%

FTSE 100 Index

-          2.39%

OMX Copenhagen Index

-          1.55%

Swiss Market Index

-          1.83%

I hope you all have a nice day.

All the figures are as at the writing time.