05.11.14

Good morning,

The New Zealand Unemployment figures were as positive as had been expected, with their national unemployment rate now standing at 5.4% in the third quarter from 5.6% in the second. NZDUSD trading at 0.7803 following a yearly low of 0.7698 set earlier in the week. The HSBC China Services PMI for October was out overnight at 52.9 from 53.5 previously. Japanese Yen continues its slide following the increase in Government Bond buying by the BoJ USDJPY trading at 114.18

The NIKKEI was trading at 16937.32 up 74.85 points or increasing by 0.44% from the previous close.

In Europe today we will see the Swiss Consumer Price Index for October with USDCHF trading at 0.9597 before the data release. October Markit Services PMI figures are due out for the Spanish, Italian, French, German, British and Euro Zone areas. Euro Zone Retail Sales figures for September are expected this session. EURUSD trading at 1.2529 with EURGBP priced at 0.7851 The Bank of England will tomorrow release their Interest Rate decision, which will be followed by the European Central Bank Interest Rate decision. Both expected to remain unchanged at 0.5% and 0.05% respectively.

The FTSE100 closed at 6453.97 down 34.00 points, falling by 0.52% while the DAX closed at 9166.47 down 85.23 points or minus 0.92%

In the US following the mid-term elections in which the Republican Party regained control of the Senate we will see the ISM Non-Manufacturing PMI for October as the main data for release today. EIA Crude Oil stocks change is also out with USOIL trading at $76.60 per barrel. GOLD has fallen to trade for $1150 per ounce this session; the lowest level reached since April 2010 USDCAD is at a five year high, trading at 1.1436

The DOW closed at 17383.84 up 17.60 points, or an increase of 0.10%

Hope you all have a nice day.