Jun 04


  • BY: Nati
  • June, 04th, 2014 7:07 +00:00

Good morning,

Australian GDP was out stronger than expected at 3.5% year on year, up from 2.7% previously. Market analysts had projected a 3.3% figure. Following the results the Aussie dollar gained ground against the USD to as high as the 0.93 level briefly. The currency pair is currently trading at 0.9270. The NZD however continues to decline against the USD, currently trading at 0.8411 down from the yearly high of 0.8780 on the 6th of May.

The NIKKEI was trading at 15044.04 up just 9.79 points or 0.07%

Europe and Great Britain will see Markit Services PMI figures along with the Euro Zone GDP figures, year on year the GDP is expected to rise by 0.9% from a 0.5% increase previously. Producer Price Index figures are also due today. The result today could lead to some high trading volume today, although traders will bear in mind the Bank of England, and the European Central Bank are set to review their base interest rate figures tomorrow. EURGBP is currently trading at 0.8143

The FTSE100 closed at 6836.30 down 27.80 points, a drop of 0.41% while the DAX closed at 9919.74 down 30.38 points or minus 0.31%

Later this session Canada will publish the interest rate, which is expected to remain at 1% US figures out include the ADP unemployment change and the Trade Balance figures for April. Tomorrow will see revised unemployment rate in the United States, which is expected to remain at 6.3% and the non-farm payrolls figure for May, with forecasters expecting a number at 21K from 288K in April. USDCAD was trading at 1.0936 at time of writing. USOIL was trading at 102.85 dollars per barrel at time of writing.

The DOW closed at 16722.34 down 21.29 points a decrease of 0.13%

Hope you all have a good day.