16.09.14

Good morning,

Overnight the Bank of Japan governor Haruhiko Kuroda said that “the Bank will continue with quantitative and qualitative easing, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner." USDJPY is trading at 107.25 In minutes of its Sept. 2 meeting, where the Reserve Bank of Australia kept its rate at 2.5 percent for the 13th month. AUDUSD is trading at 0.8995 at time of writing, a level not seen since March of this year.

The NIKKEI was trading at 15911.53 down 36.76 points from yesterday’s close, a decline of 0.23%

European markets today will see the British Consumer Price Index data for August followed by the ZEW Survey for Germany’s Economic Sentiment. EURGBP trading possibilities should the expectations not be met on these figures. The current level of the pair is 0.7985 With the Scottish Independence vote only days away; will a yes vote have a negative effect for Sterling? CABLE was trading at 1.6187 at time of writing. Ukraine shelling has once again been reported, placing the ceasefire under pressure. Geopolitics in the region could have a major effect on Gas prices as temperatures begin to fall heading towards winter.

The FTSE100 was trading at 6802.10, while the DAX was trading at 9637.39 at the start of the European session.

Across the Atlantic today the Bank of Canada Governor Stephen Poloz is due to speak. USDCAD is currently priced at 1.1060 US data today will include the Producer Price Index data for August. Tomorrow the FED will make public the Interest Rate Decision, which is currently set at 0.25% The consensus is that the rates will remain low despite a decline in the unemployment rate. EURUSD is trading at 1.2937 at time of writing. GOLD has dropped to $1237 per ounce, almost $50 off the price at the start of this calendar month.

The DOW closed at 17031.14 up 43.63 points or 0.26%

Hope you all have a nice day.