Jan 05


  • BY: Nati
  • January, 05th, 2015 8:41 +00:00

Good morning,

Asian Markets opened with the major news being the continued decline in the EURUSD rate where the price has reached a level not seen since March 2006. EURJPY trading at 143.93 while USDJPY trades at 120.37 There is not much data of import from Asia scheduled this week but we will see Japanese Monetary Base  and Markit Services PMI in the next 24 hours.

The NIKKEI was trading at 17408.71 down 42.06 points or minus 0.24%

In Europe today German Consumer Price Index figures will be announced with forecasts expecting year on year figures to fall. EURUSD trading at 1.1963. Swiss SVME Purchasing Managers’ Index for December is also out this session, with EURCHF trading at 1.2016. British PMI Construction Index for December is also due for publication this session. Tomorrow a number of European markets will remain closed for Epiphany.

The FTSE100 was trading at 6537.66 while the DAX was trading at 9728.61 both opening lower this session.

US markets on Wednesday will see the FOMC meeting minutes released, with the Non-Farm Payroll figures on Friday rounding up the week. Tomorrow will see the ISM non-manufacturing PMI for December. GOLD trading at $1196 per ounce with USOIL trading at $51.79 The low oil price has seen Venezuelan President Nicolás Maduro announce a whistle stop tour of OPEC member states and China in order to revive his country following the recent issues following the collapse in oil prices.

The DOW closed at 17832.99 last week.

Hope you all have a good week ahead.