22.10.14

Good morning,

Overnight the Australian Consumer Price Index published by the Reserve Bank of Australia came in at 2.3% as had been expected. AUDUSD trading at 0.8778 Japanese Exports rose by 6.9% with Imports also up by 6.2% USDJPY trading at 106.91 with data expected from New Zealand Consumer Price Index in the coming 24 hours. NZDUSD trading at 0.7971 GOLD is trading at $1249 per ounce this session.

The NIKKEI was trading at 15195.77 gaining 391.49 points or 2.64%

This session European markets will be focusing on the Bank of England, and the results of the most recent Interest Rate votes. The Bank’s most recent meeting minutes are also due for publication this session. CABLE trading at 1.6094 while EURGBP trades at 0.7902 Should the number of dissenting votes increase, we could expect the interest rate rise to take place sooner than is currently expected.

The FTSE100 was trading at 6370.38 while the DAX was trading at 8946.05

Canada will publish Retail Sales figures for August, with their Interest Rate decision to be taken later in the session. Between these two events the US will release their Consumer Price Index for September. USDCAD trading at 1.1222 Later in the session the Bank of Canada Governor Poloz will give his scheduled speech. USOIL traders will be looking to the EIA Crude Oil storage change figures out this session with a barrel of USOIL currently priced at $82.59

The DOW closed 16614.81 up 215.14 points or 1.31% up from the previous close.

Hope you all have a nice day.