08.05.14

Good morning,

Australian employment proved favourable for the Aussie Dollar, with the AUDUSD pair at a two week high, currently trading at 0.9382. Asian shares indices were all green this morning due to the Australian employment figures and Chinese figures showing a better than expected Trade Balance.

The NIKKEI was trading at 14163.78 up 130.33 points or 0.93%

European Central Bank Interest Rate and Bank of England Interest Rate figures will be published this session. Both expected to remain unchanged at 0.25% and 0.5% respectively. These figures and the meeting with ECB President Mario Draghi will be the big event of the day, with a quiet session up to this expected. EURGBP is currently trading at 0.8204

The FTSE100 closed at 6796.44 down just 2.12 points or 0.03% while the DAX closed at 9521.30 up 53.77 points, an increase of 0.57%

Across the Atlantic, there are figures due from the Canada relating to housing price index and the housing starts in April. US figures due out today include jobless figures, where the initial jobless claims figure is expected to read 325K. An hour after the jobless claims and Canadian housing figures, FED Chair Janet Yellen is due to speak. So a busy day ahead of us, and additionally for NGAS traders the EIA Natural Gas Storage change is expected out at 71B from 82B previously. NGAS is currently trading at 4.734

The DOW closed at 16518.54 up 117.52 points, or 0.72%

Hope you all have a nice day.