02.12.14

Good morning,

USDJPY hit a fresh high of 119.14 during yesterday’s session, with Japan’s Labour Cash Earnings gaining less than had been expected year on year. Asian shares rose as the price of crude oil recovered some of the losses of the previous week. USOIL is trading at $68.65 after printing a 5 year low during yesterday’s session of $63.72 per barrel. The Reserve Bank of Australia left their rate unchanged at 2.5% as had been expected. AUDUSD trading at 0.8512

The NIKKEI was trading at 17663.22 up 73.12 points or 0.42%

European markets will see the revised Spanish unemployment change, which along with Greece has the unwanted distinction of having the highest unemployment rates in the Euro Zone, Spanish Unemployment currently stands at 24.1% Looking ahead to Thursday we will see the ECB and the Bank of England’s Interest Rate decisions. EURGBP trading at 0.7926

The FTSE100 closed at 6656.37 (down 0.99%) while the DAX closed at 9963.51 (down 0.17%) on Monday.

Construction Spending figures for November will be the main data figures released from the US today, along with the Redbook Index and the ISM New York index. EURUSD trading at 1.2455 at time of writing. The Bank of Canada will publish their Interest Rate decision tomorrow, which is expected to remain unchanged at 1.0% Towards the end of the week we will see both Canadian and US unemployment figures released on Friday. USDCAD trading at 1.1332

The DOW closed at 17776.80 down 51.44 points or 0.29% from last week’s close.

Hope you all have a good day.