Oct 07


  • BY: Nati
  • October, 07th, 2014 7:39 +00:00

Good morning,

Overnight the Bank of Japan announced their revised interest rate which remained unchanged at 0.1% JPY gained and the USDJPY pair were trading at 108.61 while the Reserve Bank of Australia also announced their Interest Rate decision,  which they also left unchanged at 2.5% AUDUSD was trading at 0.8779 at time of writing. Hong Kong protests seem to have lost their meaning and have started to fizzle out with lots of the protesters said to have returned to work.

The NIKKEI was trading at 15783.83 down 107.12 points, a drop of 0.67%

European markets today will see important UK Industrial and Manufacturing Production figures, with CABLE trading at the lowest levels of 2014 over the past week when it made a low of 1.5952 before some buying throughout yesterday’s session pushed it towards the current price of 1.6105 Swiss Consumer Price Index came out slightly below expectations, with Retail Sales for August beating expectations with a 1.9% increase with just 0.7% expected. USDCHF was trading at 0.9588 at time of writing.

The FTSE100 was trading at 6542.67 while the DAX was trading at 9132.56 both in the red at the outset of today’s session.

In the US today we will hear a number of speeches from members and former Fed members, including previous Chair Ben Bernanke. Redbook Index for October will be published this session, as will the Canadian Building Permits figures for August. USDCAD was trading at 1.1145 EURUSD is trading at 1.2650 at time of writing and we are trading in a range not seen since September 2012 USOIL is trading at $90.50 with GOLD trading at $1210 per ounce after reaching a low of $1185 yesterday a low for 2014.

The DOW closed at 16991.91 at the finish of yesterday’s session.

Hope you all have a nice day.