Aug 04


  • BY: Nati
  • August, 04th, 2014 8:37 +00:00

Good morning,

A quiet start to the week regards data releases, with Australian Retail Sales improving slightly more than had been expected in the month of June. AUDUSD was trading at 0.9314 ahead of tomorrows RBA Interest Rate decision. Chinese data shows a slowdown  for July as new orders were at a lower rate of growth than experienced in almost a year.

The NIKKEI was trading at 15474.50 down 48.61 points, a decline of 0.31%

European data releases today include the Eurozone Producer Price Index for June and the Sentix Investor Confidence Survey result. European Retail Sales figures for June are the main data out in the region tomorrow along with Markit Services PMI data. EURGBP was trading at 0.7980 at time of writing.

The FTSE100 was trading at 6687.24 while the DAX was trading at 9202.94

US markets today are expected to remain quiet a slow start to the trading week all round expected. EURUSD was trading at 1.3425 while CABLE was trading at 1.6828 ISM Non-Manufacturing PMI figures are eyed tomorrow, and expectations of a 56.3 figure, from 56.0 last time out is the consensus.

The DOW closed out last week at 16493.37 down 468 points for the week.

Hope you all have a nice week.