Oct 07


  • BY: Nati
  • October, 07th, 2015 7:36 +00:00

Good morning,

The Chinese National Day Holiday continues today. Japan released Coincident Index and Leading Economic Index figures for August close to figures priced in by the market analysists. The Bank of Japan Monetary Policy Statement leaves things as they were, with BoJ Governor Haruhiko Kuroda scheduled to give a press conference later on. USDJPY trading at 120.09

The NIKKEI closed at 18304.47 up 118.37 points or 0.65% on the previous close.

The European session starts off with German Industrial Production figures, and Romanian GDP figures. French Trade Balance figures for August follow up before Industrial Output figures for Spain, Hungary and Denmark, the Czech Republic and Austria’s Wholesale Price Index figures are released. EURUSD trading at 1.1262 Britain’s Industrial and Manufacturing Production figures could buoy the pound as expectations of an improvement GBPUSD trading at 1.5242

The FTSE100 was trading at 6345.85 while the DAX was trading at 9961.04; both green early in the session.

Across the Atlantic today we will see very little data scheduled. EIA Crude Oil Stocks change figures are out this session with USOIL trading at $49.89 per barrel at time of writing, a level not seen since July. Consumer Credit Change figures for August will complete the data scheduled out of the US this session. USDCAD trading at 1.3020 falling throughout the past two weeks since the yearly high of 1.3457 was reached on the 29th of September.

The DOW closed at 16790.19 following trading on Wall Street yesterday.

I hope you all have a nice day.