Apr 03


  • BY: Nati
  • April, 03rd, 2014 8:20 +00:00

Good morning,

Asian markets continue to see the JPY decline against most pairs, trading at 103.95 against the USD a time of writing, a two month high. Reserve Bank of Australia Governor Glenn Stevens spoke yesterday about how the decline in the Australian economy is not as detrimental as the previous recession, and that the problem in the future will be finding people to fill the jobs that become available going forward.

The NIKKEI was trading at 15071.88 up 125.56 points and increase of 0.84%

European PMI figures published this morning came in close to expectations. With the ECB Interest Rate announcement due out today with most commentators expecting the rate to remain unchanged at 0.25%, the decision is followed by a policy statement and press conference with ECB President Mario Draghi. EURUSD was trading at 1.3765

The FTSE100 was trading at 6664.52 up 5.48 points or 0.08% while the DAX was trading at 9614.95 down 8.41 points or -0.09%

US markets today see the initial and continuing jobless figures released along with the ISM non-manufacturing PMI data. Tomorrow will see the Non-farm Payrolls figures released, and the unemployment rate tomorrow is expected to drop from 6.7% to 6.6% EIA Natura, Gas Storage figures could have an impact on NGAS which is currently trading at 4.35, Gold is trading below 1300 dollars per ounce at 1288 with a weekly high of 1298.18

The DOW closed at 16573.00 up 40.39 points or 0.24%

Hope you all have a good day.