06.07.15

Good morning,

Asian markets see Japan’s Nikkei is down over two percent from Friday’s closing price. Australia’s Interest Rate decision will be announced this week, with the current rate of 2.0% expected to remain unchanged. AUDUSD trading at 0.7516 The Japanese Coincident Index and the Leading Economic Index for May were out overnight with a slight decline from previous figures. USDJPY trading at 122.57

The NIKKEI was trading at 20112.12 down 427.67 points or minus 2.08% so far.

In Europe the markets try to decide what will happen now that the vote count from Greece confirms the OXI (no) vote. The EURUSD pair opened lower after the vote yesterday but recovered some of the losses. The pair trading at 1.1046 at time of writing. Greece will continue to be the topic of interest as the week continues. Swiss Consumer Price Index figure and German Factory Orders figures are of lesser significance as are the Sentix Investor Confidence figures for the Euro Zone. EURCHF trading at 1.0430 after gapping down last night, but the Euro has closed the gap this session.

The FTSE100 was trading at 6527.85 while the DAX was trading at 10879.63 early in the session.

Across the Atlantic today we will see Markit Services PMI figures from the US along with the ISM Non-Manufacturing PMI figures for June and the Canadian Ivey Purchasing Managers Index for the same month. USDCAD trading at 1.2589 and this pair could experience volatility around this data release early in the American session. Half an hour after the release the Bank of Canada will publish their Business Outlook Survey. USOIL trading at $55.28 per barrel.

The DOW closed at 17730.11 on Friday, down 27.80 points on the previous close.

I hope you all have a good week.