20.11.14

Good morning,

Overnight figures show that foreign investment in Japan is falling, exports are on the rise and imports are falling. USDJPY trading at 118.86 a level not seen since August 2007. The Chinese HSBC/Markit manufacturing purchasing managers' index fell to a six-month low of 50.0 from 50.4 in October, below the 50.3 forecast. USOIL has fallen to $74.57 largely attributed to the fall off in demand from China.

The NIKKEI was trading at 17300.86 up just 12.11 points or 0.07%

European markets will see French, German and Euro Zone Markit PMI figures this session. German Producer Price Index for October fell, but largely in line with expectations. The Swiss Trade Balance results were out, with both Exports and Imports on the increase. USDCHF trading at 0.9579 while EURCHF trading at 1.2011 British Retail Sales figures and Euro Zone Consumer Confidence results wrap up the data from Europe today, both expected to improve on previous results.

The FTSE100 closed at 6696.60 down 12.53 points or minus 0.19% while the DAX closed at 9472.80 up 16.27 points or 0.17%

Following the FOMC meeting minutes, in which it now seems the discussion now is on which action the FED will take on the Interest Rate is the main point in focus, this US session will see Consumer Price Index figures and Jobless Claims figures. EURUSD trading at 1.2550 at time of writing. Canadian figures in focus tomorrow with their Bank of Canada CPI results scheduled to be printed. USDCAD trading at 1.1352. GOLD trading at $1186 after a high for the month of $1205 was printed yesterday.

The DOW closed at 17685.73 yesterday.

Hope you all have a nice day.