06.05.14

Good morning,

The Reserve Bank of Australia left their interest rate unchanged at 2.5% as had been widely expected. AUSUSD was trading at 0.9287 Japanese Greenery Day today leaves the banks closed for the day. Tomorrow however sees the Bank of Japan’s Monetary Policy Meeting Minutes released. New Zealand will also publish their revised unemployment figures, which are expected to fall from 6.0% to 5.8%

The NIKKEI closed at 14457.51 down 27.62 points, minus 0.19%

European markets will see publication of Purchasing Managers Index figures from Spain, Italy, France, Germany, the UK and the Euro Zone area. Retail Sales figures for the Euro Zone for March will also be released this session. EURUSD was trading at 1.3882 at time of writing. Expect some volatility around the figures release should expectations be wide of the mark.

The FTSE100 closed at 6822.42 up 13.55 points an increase of just 0.20% while the DAX closed at 9529.50 down 26.52 points a drop of just 0.28%

Across the Atlantic today sees Canada Export and Import figures released today, along with the Ivey Purchasing Managers Index. The United States Trade Balance and the Redbook Index data is also due out. USDCAD was trading at 1.0947 at time of writing. GOLD has been trading back above the 1300 mark again, currently trading at 1313 dollars per ounce.

The DOW closed at 16530.55 up 17.66 points, an increase of just 0.11%

Hope you all have a good day.