Mar 03


  • BY: Nati
  • March, 03rd, 2015 8:08 +00:00

Good morning,

Japanese Labour Cash Earnings were up by 1.3% year on year to January with USDJPY trading at 119.68 Australian Interest Rates remain unchanged at 2.25% where some forecasters had expected that a second cut of 25 basis points was on the cards. AUDUSD trading at 0.7826 the Aussie gaining following the announcement.

The NIKKEI closed at 18815.16 down 11.72 points or minus 0.06%

In Europe this morning German Retail Sales showed a significant improvement for January, up by 5.3% year on year, with just a 2.7% rise expected. EURUSD was trading at 1.1203 shortly after the German figures. Turkish Consumer Price Index figures due out this morning, as is the Euro Zone Producer Price Index data. USDTRY was trading at 2.5130

The FTSE100 closed at 6940.64 while the DAX closed at 11410.36 following yesterday’s session.

Canadian figures out today will include the important Gross Domestic Product figures the Industrial Product Price and the Raw Material Price Index, but it is possible CAD traders will hold their fire until the Bank of Canada’s Interest Rate decision during tomorrow’s session. USDCAD was trading at 1.2503 US markets today won’t announce much data of import, with the Redbook Index for February and the ISM New York Index due out this session. Friday’s Unemployment rate could be watched in order to ascertain when the FED will raise rates.

The DOW closed at 18288.63 after gaining 155.93 points or 0.86%

Hope you all have a nice day.