09.12.14

Good morning,

Japanese Machine Tool Orders for November increased year on year coming out at 36.6% up from 30.8% a year ago. USDJPY fell from a 121.84 high this week to the current level of 119.95 This week we will see the New Zealand Interest Rate decision on Wednesday with the Australian Unemployment figures following. AUDUSD trading at 0.8250 with NZDUSD trading at 0.7655

The NIKKEI was trading at 17813.38 down 122.26 points or 0.68%

In Europe this morning, we saw the Swiss Unemployment rate remain at a low 3.1% with the Swiss National Bank Interest Rate decision scheduled for Thursday. EURCHF trading at 1.2023 German Trade Balance was up to €20.6B beating expectations. Imports decreased and exports fell by less than had been expected. EURUSD trading at 1.2355 British Industrial and Manufacturing Production figures are also out this morning. The EURGBP pair was trading at 0.7878 at time of writing.

The FTSE100 was trading at 6616.26 while the DAX was trading at 9902.26 shortly after the European open both falling by over 1% from the previous close.

Across the Atlantic today the US market will see Wholesale Inventories for the month of October along with the Redbook Index. Thursday will give us the important November Retail Sales figures. CABLE trading at 1.5677 while USDCAD was trading at 1.1482 at time of writing. USOIL is trading at $62.75 with GOLD trading at $1206 per ounce.

The DOW closed at 17852.48 yesterday.

Hope you all have a nice day.