07.11.13

Asian shares were down overall this session. Aussie dollar fell following data that showed a fall in full time unemployment was released yesterday. This in turn affected the NZD as the two currencies are highly correlated. Japanese foreign investment figures will be the next date JPY investors will be looking at from Japan, while Chinese balance and import/export figures will be released early in Friday’s session. AUD/JPY was trading at 93.54 with a high of 93.96 and a low of 93.34 so far.

The NIKKEI closed at 14228.40 down 108.87 points or minus 0.76%

European Central Bank interest rate announcement is to take today, along with the Bank of England rate announcement that precedes it by 45 minutes. Expectations read that both rates are to remain unchanged, although the ECB President Mario Draghi is due to make a speech this evening, which may give an indication as to any potential for a rate cut at the next meeting. EUR/GBP was trading at 0.8409 with a high of 0.8410 and a low of 0.8399 so far.

The FTSE100 closed at 6729.24 down 12.45 points or minus 0.18% while the DAX closed at 9046.49 up 5.62 or 0.06%

After the markets react to the Interest rate figures from Europe focus will then shift to the USA where Initial Jobless Claims figures and GDP data is due to be announced. EUR/USD was trading at 1.3518 with a high of 1.3528 and a low of 1.3500 so far. CABLE was trading at 1.6073 with a high of 1.6091 and a low of 1.6065 so far. Natural Gas traders will be interested in the EIA Natural Gas Storage change figures released today. Natural gas is trading at 3.519 up from a low at the start of the month of 3.40.

The DOW closed at 15746.90 up 128.66 points or an increase of 0.82%

Have a nice day.