Fundamental analysis for February 23, 2016

February 23, 2016

The US consumer price index for January rose by 1.4% year over year, beating our expectations about a growth by 1.3%. The core inflation, which excludes food and energy, rose 2.2%, also more than expected.

There was a decrease for demand on euro because the composite PMI fell down. The composite PMI is the combination of the manufacturing and services sectors activities, it reached a 13-month low of 53.0 in February from January's value of 53,6. Economists expected 53.3.

British Prime Minister David Cameron said that he had agreed with the European Union on the exceptional conditions of membership within the union. Still, according to his campaign promises, he would held a referendum where the country would decide to stay or not within the EU.

According to the preliminary estimates, the Japanese manufacturing sector index activity for February came in at 50.2, while experts expected it to fall from 52.3 to 52.0 last month.

Publication source
Fort Financial Services information  Fort Financial Services reviews

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

XM Rating
FXCM Rating
OctaFX Rating
Grand Capital Rating
FBS Rating
HYCM Rating

OptionsXO Rating
TopOption Rating
OptionFair Rating
Empire Option Rating
Grand Option Rating
365BinaryOption Rating