Oct 20


  • BY: Nati
  • octubre, 20th, 2014 6:58 +00:00

Good morning,

An unexpected event unfolded in Japan as two ministers stepped down in the one day. Prime Minister Abe moved quickly and appointed interim successors for the vacant positions. USDJPY trading at 107.30 Tomorrow’s Asian session will see Reserve Bank of Australia’s Meeting minutes and Chinese GDP figures. AUDUSD trading at 0.8759

The NIKKEI was trading at 15091.23 up 558.72 points, gaining 3.84%

A relatively quiet day expected in Europe with a range of minor data due out including The Current Account released by European Central Bank for the month of August, the German Producer Price Index for September was published as expected at -0.1% with Italian Industrial Sales and Orders figures to follow. Danish Consumer Confidence and Portugal’s Current Account Balance will also be published but none expected to shake the markets. EURUSD trading at 1.2749

The FTSE100 closed at 6310.29 on Friday while the DAX closed at 8850.27

Across the Atlantic today we are expecting another quiet start to the week, with no data scheduled for release today in the US. Canadian Wholesale Sales for August are due out. Canada will make their Interest Rate decision on Wednesday, and America will publish their Consumer Price Index the same day. USDCAD trading at 1.1265 and this pair could be one to watch on Wednesday.

The DOW closed at 16380.41 on Friday up 263.17 points, or 1.63% for the session.

Hope you all have a good week.