04.12.14

Good morning,

With AUDUSD reaching further lows with the pair trading at 0.8377 the Retails Sales figures for October beat expectations; out at 0.4% when no growth had been expected. The USDJPY pair was trading at 119.87 reaching a high of 119.97, stopping just short of 120 Yen per dollar. This is a level not seen since July 2007

The NIKKEI was trading at 17887.21 up 166.78 points or 0.94%

In Europe today the Interest Rates from both the Euro Zone and the UK will be announced. The Bank of England is expected to leave their rate at 0.5% and their Asset Purchase Facility at 375 billion pounds. The European Central Bank is expected to leave their rate at 0.05% with the press conference with ECB President Mario Draghi scheduled 45 minutes after the rate announcement. EURGBP trading at 0.7852

The FTSE100 trading at 6722.15 shortly after the open with the DAX trading at 9992.37

Following the Bank of Canada Interest rate decision which left the rate unchanged at 1.0% left oil price worries and international trade as the main points of focus in Governor Stephen Poloz’s statement. USDCAD trading at 1.1356. Canadian Unemployment Rate figure due out tomorrow, with a slight increase in unemployed expected (6.6% expected vs. 6.5% currently).Jobless Claims figures from the US are out today, ahead of the Non-Farm Payroll and Unemployment figures tomorrow.

The DOW closed at 17912.62 up 33.07 or 0.18% from the previous close.

Hope you all have a nice day.