May 01


  • BY: Nati
  • May, 01st, 2014 8:13 +00:00

Good morning,

A quiet day ahead as the May 1st Labour Day holiday takes place. Australian figures released last night show an increase in both import and export price indices. Japanese vechicle sales however were down 11.4%. USDJPY is trading at 102.20 with GOLD trading at 1285 dollars per ounce currently.

The NIKKEI was trading at 14485.13 up 181.02 points an increase of 1.27%

UK figures include the Markit Purchasing Managers Index, M4 Money Supply lending figures and mortgage approvals out this session. CABLE has traded at levels not seen since mid-late 2009 with current prices in the 1.6870/90 region.

The FTSE was trading at 6802.44 up 22.41 points or 0.33% while the DAX closed at 9603.23 up 19.11 or 0.20% and remains closed for the holiday today.

US figures awaited today include the Initial Jobless Claims and Continuing Jobless Claims. NGAS traders will focus on the EIA storage figures released later, with gas currently trading at 4.813. ISM Manufacturing PMI and FED Chair Janet Yellen’s speech are expected to be the major volatility events this session.

The DOW closed at 16580.84 up 45.47 points, an increase of 0.27%

Hope you all have a good day.