02.07.14

Good morning,

Australian Import and Export numbers were on the decline, leading to a drop back to 0.9450 at this session’s lowest point for the AUDUSD pair. Japanese companies see inflation to fall short of the 2% target for the coming years, with a recent poll taken by the Bank of Japan showing an expectation of a 1.5% inflation rate in a year from now. USDJPY was trading at 101.51 at time of writing.

The NIKKEI was trading at 15369.97 up 43.77 points this session so far, an increase of 0.29%

European Gross Domestic Product data is released this session, as are Producer Price Index figures for the Euro Zone area. Markit Services PMI data will be released in Europe for a number of countries during tomorrow’s session along with Retail Sales figures for the area. The ECB Interest Rate decision will be out tomorrow also, with the rate currently at 0.15% EURGBP is trading at 0.7972

The FTSE100 was trading at 6816.33 while the DAX was trading at 9919.96 both in the green at the open of the European session.

American markets today await the ADP Employment Change number for June along with Factory Orders for May. OIL traders will see EIA Crude Oil Stocks figures this session with USOIL trading $105.45 at time of writing. Tomorrow will see important NFP and unemployment rate data before Friday’s Independence Day holiday. EURUSD is currently trading at 1.3671

The DOW closed at 16956.07 up 129.47 points or 0.77%

Hope you all have a nice day.