08.05.15

Good morning,

Reserve Bank of Australia’s Monetary Policy statement release has left the door open for further rate cuts after the 25 basis point reduction to 2.0% earlier this week. AUDUSD trading at 0.7920 Chinese Trade figures show both imports and exports continue to fall. Producer Price Index figures for China will be published tomorrow. Looking ahead to next week, Japanese GDP figures will be the main news from Asia. USDJPY trading at 119.98

The NIKKEI closed at 19379.19 up 87.20 points or 0.45%

The Swiss Unemployment rose to 3.3% from 3.2% as had been expected. USDCHF trading at 0.9239 while EURCHF trades at 1.0367 while Swiss Consumer Price Index figures were out lower than expected this session. In the UK the Conservative Party has retained power according to early polls. Trade Balance figures from the UK later this session. GBPUSD trading at 1.5491 The Bank of England will announce their Interest Rate decision next Monday.

The FTSE100 was trading at 6991.51 while the DAX was trading at 11446.34

Non-Farm Payrolls day today in the US, with the Unemployment Rate and the Canadian Unemployment Rate figures released at the same time. USDCAD trading at 1.2108 Mixed expectations around the unemployment figures, with the US rate expected to fall, while Canada is expected to raise slightly. Any miss on the rates could see volatility in the USDCAD pair, and the NFP figures could have an effect on the USD

The DOW closed at 17924.06 up 82.08 or 0.46% after Thursday’s session.

Hope you all have a good weekend.