21.11.16

Ноя 21

FUNDAMENTAL ANALYSIS BY NSFX 21.11.2016

  • BY: Donal Kelly
  • Ноябрь, 21st, 2016 12:44 +00:00

Good morning,

Japanese figures released early in the Asian session show a continued decline in both imports and exports. Trade Balance figures falling below expectations could lead to a continuation in Yen weakness. USDJPY trading at 110.91 at time of writing. The All Industry Activity Index for September was at 0.2% a steady month on month number. In the coming 24 hours in Asia we will get Visitor Arrivals figures out of New Zealand, and a speech from Reserve Bank of Australia's Assistant Governor Christopher Kent. AUDNZD trading at 1.0458 at time of writing.

USDJPYecnDaily 21.11.16AUDNZDecnDaily 21.11.16

In Europe this session we saw the GER30 open slightly higher than last week's close at 10687, after closing last week at 10653. The Buba Monthly Report, released by Deutsche Bundesbank, will be published later this morning. A very quiet day ahead regards data in Europe with Greek Current Account data, Slovakian Unemployment data, and Irish and Polish Retail Sales figures the agenda for this session, until European Central Bank President Mario Draghi speaks at the European Parliament in Strasbourg, France. EURGBP trading at 0.8613 at time of writing.

EURGBPecnDaily 21.11.16USDCADecnDaily 21.11.16

Across the Atlantic, it is expected to a slow news day, with very few data items scheduled for release this session. The Chicago Fed National Activity Index for October will be the main data scheduled Stateside, while Wholesale Sales figures for the month of September will be released in Canada at the same time. USDCAD trading at 1.3456 at time of writing. Wednesday will bring us the important Durable Goods Orders and the FOMC Minutes.

I hope you all have a nice week.