06.01.15

Good morning,

Australian Trade Balance figures were released overnight with exports falling, and imports increasing by 1% AUDUSD trading at 0.8129 at time of writing. The Japanese Markit Services PMI came out at 51.7 from 50.6 previously. USDJPY trading at 119.13 Foreign Investment figures in Japanese Stocks and bonds will be announced later in the week.

The NIKKEI was trading at 16883.19 down 525.52 points or minus 3.02%

In Europe today Markit services PMI figures are due to be released for Spain, Italy, France, Germany, the Euro Zone Area and the United Kingdom. Greek, Swedish, Spanish and Italian markets remained closed for the Epiphany holiday. The EURO fell to the lowest level against the US Dollar since March 2006 yesterday, where 1.1887 was touched briefly. EURUSD trading at 1.1936 at time of writing. German and Euro Zone Unemployment and Euro Zone Consumer Price Index figures are out during tomorrow’s session.

The FTSE100 was trading at 6424.71 while the DAX was trading at 9484.14 both rising slightly at the open.

Across the Atlantic today the ISM Non-Manufacturing PMI for December is expected out at 58.2, down from 59.3 previously. Markit Services PMI for the US and Factory Orders for November are also due out this session. Canadian Industrial Product Price and Raw Material Price figures are also published this session. USDCAD trading at 1.1771 USOIL continues to drop, falling below $50 per barrel for the first time since 2009, currently trading at $49.36 per barrel.

The DOW closed at 17501.65 dropping 331.34 points or down 1.86%

Hope you all have a nice day.