May 05


  • BY: Nati
  • May, 05th, 2015 7:53 +00:00

Good morning,

The Reserve Bank of Australia lowered their Interest Rate by 25 basis points to a flat 2.0% AUDUSD had a volatile period with a range of almost 200 pips immediately following the announcement, and the pair is trading at 0.7908 at time of writing. Japanese markets will remain closed today for the Children’s Day holiday. New Zealand Unemployment figures are due in the coming 24 hours, with NZDUSD trading at 0.7520

In Europe we will see the updated Spanish Unemployment figure, followed by Swedish Industrial Production figures. The European Commission will then publish Economic Growth Forecasts. EURUSD trading at 1.1091 Markit Services figures for a number of European countries are due to be published tomorrow, along with Euro Zone Retail Sales figures.

The FTSE100 was trading at 7027.02 while the DAX was trading at 11554.61 early in the session.

Across the Atlantic today we will see Canadian International Trade figures before the in the US we will see the Redbook Index, Markit Services Purchasing Managers’ Index figures followed by the ISM Non-Manufacturing PMI figures for April. USDCAD trading at 1.2119 USOIL was trading at $59.62 per barrel.

The DOW closed at 18070.40 after gaining 46.34 points or 0.26%

Hope you all have a nice day.