Nov 03


  • BY: Nati
  • noviembre, 03rd, 2014 7:52 +00:00

Good morning,

Australian Building Permits in September were far below the expected drop, with an 11% drop month on month, when only a 1% decline was expected. AUDUSD dropped to 0.8703 briefly before recovering somewhat to trade at 0.8747 at time of writing. Bank of Japan Governor Kuroda announced an increasing the central bank’s bond buying program on Friday. USDJPY trading at 112.80

The NIKKEI remains closed today for Culture Day, with 16413.76 being Friday’s closing.

Europe today will see some Manufacturing figures from Markit for Spain, Italy, France, Germany, the Euro Zone area, Greece and Great Britain. EURUSD trading at 1.2487 Turkish Consumer Price Index and Producer Price Index figures are out this session, with USDTRY trading at 2.2275 ahead of the figures. The ECB will release their Monetary Policy statement in a press conference this Thursday, following the Interest Rate decision, with is expected to remain unchanged at 0.05%

The FTSE100 closed last week at 6546.47 while the DAX closed at 9326.87

Across the Atlantic today will see a speech from Bank of Canada’s Governor Poloz. USDCAD trading at 1.1284 American figures today include the Markit Manufacturing PMI followed by the ISM Manufacturing PMI Friday will be the big day this week in the US and Canada with Unemployment data due for release from both markets.

The DOW closed at 17390.52 after a positive week.

Hope you all have a good week.