Jun 03


  • BY: Nati
  • June, 03rd, 2015 8:27 +00:00

Good morning,

Australian Gross Domestic Product rose by 2.3% in the first quarter, when a 2.1% growth rate had been expected. AUDUSD trading at 0.7795 Chinese HSBC Services Purchasing Manager’s Index figures for May were out at 53.5, up from 52.9 previously. Japanese Markit Services PMI figures also out in this session, showing a slight improvement, out at 51.6 up from 51.3 previously. USDJPY trading at 124.05

The NIKKEI closed at 20473.51 down 69.68 points or minus 0.34%

In Europe today we saw the Spanish Markit Services miss expectations out at 58.4, below the 59.3 expected, falling from 60.3 previously. Markit figures from Italy France, Germany the Euro Zone and the UK also out this session. The Euro Zone Unemployment Rate and Retail Sales figures for April out this session ahead of the European Central Bank Interest Rate Decision and Press Conference. EURUSD trading at 1.1133 Britain will see the Bank of England announce their Interest Rate decision tomorrow, with an unchanged 0.5% priced in. EURGBP trading at 0.7254

The FTSE100 was trading at 6915.00 while the DAX was trading at 11325.85 early in the European session.

Across the Atlantic today we will see MBA Mortgage Application figures from the US. In Canada we will see International Merchandise Trade figures for May. USDCAD trading at 1.2413 Markit Services PMI figures are also out today in the United States as are the EIA Crude Oil Stocks change figures. USOIL trading at $60.85 per barrel. Friday will see Unemployment data releases in both the US and Canada which could see Dollar Loonie trading opportunities for traders.

The DOW closed at 18011.94 down 28.43 points or minus 0.16% on the previous close.

Hope you all have a nice day.