03.10.14

Good morning,

Hong Kong protests are ongoing and trading is set to reopen following a two day holiday. Pro-democracy advocates said they will escalate protests if their demands are not met. Japanese stock indices have declined 4 days straight this week, although this session has seen traders halt the decline. USDJPY was trading at 108.83 at time of writing. Next week we will see the Bank of Japan and the Reserve Bank of Australia publish their revised Interest Rates. AUDJPY trading opportunities could arise should either rate be changed, with the pair currently trading at 95.74

The NIKKEI was trading at 15708.65 up 46.66 points, up 0.30% from yesterday’s closing price.

The European Markit Services PMI figures for Spain, Italy, France, Germany, the UK and the Euro Zone are all set to be published this session, with most forecasts bearish, aside from Germany. EURUSD was trading at 1.2645 after yesterday’s decision of the European Central Bank governors had decided to keep interest rates unchanged at just 0.05%. Norway’s updated Unemployment figures could affect the Krone with the rate currently at just 2.9% unemployed.

The FTSE100 was trading at 6499.22 up 52.83 or 0.82% from the close yesterday, while the DAX closed trading at 9195.68 down 186.35 points or minus 1.99% for the session.

US figures today will include the Non-farm Payrolls number for September, and the expectations are that a bullish 215K will be printed, up from 142K previously. The other big US data today will be the Unemployment Rate, which the FED has quoted in policy meetings regards the Interest Rate and Bond Buying Program. The rate is expected to remain at 6.1% although positive readings in either of these results could drive the Greenback higher. CABLE is trading at 1.6108 at time of writing while USDCAD is currently priced at 1.1170

The DOW closed yesterday at 16801.05 almost flat for the session, dropping by just 0.02%

Hope you all have a good weekend.