Sep 02


  • BY: Nati
  • September, 02nd, 2014 7:34 +00:00

Good morning,

Japanese Yen lost ground overnight, dropping to 104.84 against the USD. The Reserve Bank of Australia left rates unchanged at 2.5% with Gross Domestic Product figures due out in the next 24 hours. Expectations are for a 3.0% increase, from 3.5% from the second quarter last year. AUDUSD was trading at 0.9288 at time of writing. Chinese Purchasing Managers Index figures are also due out in the next 24 hours.

The NIKKEI was trading at 15668.60 up 192.00 points this session, an increase of 1.24%

Swiss GDP disappointed this morning, with a reading of 0.6%, below the 1.7% expected for the second quarter. USDCHF was trading at 0.9198, briefly trading above the 0.92 figure with a high of 0.9206, a level not seen since last November. Looking ahead European and British Interest Rate decisions on Thursday will be the main European events this week, with Euro Zone GDP due for publication on Friday. EURGBP was trading at 0.7930 at time of writing.

The FTSE100 closed at 6825.31, with the DAX closing at 9479.03 for Monday’s session.

The US and Canadian markets reopen today following the Labour Day holiday. RBC Manufacturing PMI figures are out today in Canada, with the ISM Manufacturing figures due out in the US this session. EURUSD was trading at 1.3133 Dollar strength has seen CABLE trading at 1.6560 GOLD was trading at $1276 per ounce at time of writing. USOIL is trading at $95.66 per barrel. The Bank of Canada will tomorrow announce their Interest Rate decision, with the forecast that it is to remain unchanged at 1.0%. Unemployment figures for the US and Canada are due out on Friday.

The DOW closed at 17098.45 up just 18.88 points, or 0.11%

Hope you all have a good day.