Fundamental Analysis – 08/02/2016

Feb 08

FUNDAMENTAL ANALYSIS BY NSFX 08.02.2016

  • BY:
  • Febbraio, 08th, 2016 1:26 +00:00

Good Morning,

GBPUSD is rebounding off its daily lows after declining NFP event. USDCAD trades back to unchanged on the year. The short in USDJPY from last week has played out nicely. Crossing to the weak side of the angle at 1152.90 will put gold in a bearish position. Oil and gold generated remarkable volatility and tentative stabs at trends. USDCHF is trading at 0.9923 while USDCAD is trading at 1.3902.

The underpinning of EURUSD’s decline since May 2014 seems to be in question. EURCAD is trading at 1.5492 while EURGBP is trading at 0.7687.

AUDUSD ended the week at 0.7068 declining 0.24% for the week. GBPCHF is trading at 1.4377 while EURCHF is trading at 1.1057.

Daily Performances (4.00 am. GMT); 

Currencies / Indices / Commodities

Performance

USDCHF

0.13%

NZDUSD

-          0.10%

GBPJPY

0.09%

AUDUSD

0.14%

USDCAD

-          0.08%

CAC 40 Index

-          0.66%

IBEX 35 Index

0.37%

Euro Stoxx 50 Pr

-          0.89%

FTSE 100 Index

-          0.86%

Swiss Market Index

-          0.54%

I hope you all have a nice day.

All the figures are as at the writing time.