Feb 04


  • BY: Nati
  • February, 04th, 2015 8:57 +00:00

Good morning,

Reserve Bank of New Zealand’s Governor Graeme Wheeler has said Interest Rates will remain on hold while the economy remains strong, despite the fact that other banks around the world have been easing monetary policy. NZDUSD trading at 0.7425 at time of writing. Chinese HSBC Services PMI was published at 51.8 down from 53.4 previously. Markit Services PMI from Japan were also published, out at 51.3 down from 51.7 USDJPY trading at 117.41

The NIKKEI was trading at 17678.74 up 342.89 points or 1.98%

In Europe today we will see Markit Services figures from Spain, Italy, France and Germany. Interest Rate decisions from Iceland, Romania, Poland and Turkey, but the main focus today will be the Juncker-Tsipras meeting. EURUSD gained ground due to the markets optimism on Greece and the pair is trading at 1.1449 this session. Tomorrow the Bank of England is expected to leave their Interest Rate unchanged at 0.5% EURGBP trading at 0.7560

The FTSE100 was trading at 6863.14 while the DAX was trading at 10874.81 early in the European session.

In the US today we will see Markit PMI Composite and Services PMI figures. The ISM Non-manufacturing PMI is expected to improve slightly from 56.2 to 56.3. ADP Employment change data is also due out today. In Canada then Ivey Purchasing Managers’ Index will be announced with USDCAD trading at 1.2426

The DOW closed at 17666.40 up 305.36 or 1.76%

Hope you all have a nice day.