Feb 03


  • BY: Nati
  • February, 03rd, 2015 9:20 +00:00

Good morning,

The Reserve Bank of Australia cut their base Interest Rate from 2.5% to 2.25% overnight. AUDUSD fell to 0.7636, a level not seen since May 2009. The Reserve Bank of Australia is the thirteenth central bank this year to cut rates. The Kiwi followed suit dropping to 0.7196 US cents, ahead of the unemployment figures due out this session.

The NIKKEI was trading at 17335.85 down 222.19 points or minus 1.27%

In Europe today Spanish Unemployment numbers were published slightly better than expected. British Construction Purchasing Managers’ Index figures are due out, with Italian Preliminary CPI also out this session. The Bank of England will announce their Interest Rate decision this Thursday, with expectations for an unchanged 0.5% EURGBP trading at 0.7535

The FTSE100 was trading at 6842.83 while the DAX was trading at 10926.24 early in the session.

Across the Atlantic tomorrowwe will see Services Purchasing Managers’ Index figures from the US, the Canadian Ivey PMI, the US ISM Non-Manufacturing PMI and the ADP Non-Farm Employment change figures. USDCAD trading at 1.2577 while EURUSD trades at 1.1327 at time of writing. Today the Factory Orders figure will most likely be the most watched US data.

The DOW closed at 17361.04 up 196.09 points or 1.14%

Hope you all have a nice day.