Jul 08


  • BY: Nati
  • July, 08th, 2014 7:43 +00:00

Good morning,

Australian Dollar has regained some of the losses sustained following the RBA Governor’s speech last week. Currently trading at 0.9389 the AUDUSD pair could continue with the upward trajectory unless the job figures due out Thursday, which are expected to read 5.9% from 5.8% previously, put a halt to the turn around. New Zealand Dollar is highly correlated to the AUD with NZDUSD gaining to currently trade at 0.8770

The NIKKEI was at 15314.41 down 65.03 points or 0.42% off the open.

European figures today saw a disappointing Swiss Retail Sales number for May. USDCHF was trading at 0.8939 following the release of the figures. British Manufacturing and Industrial Production figures are both expected to show an improvement year on year, and Sterling could be affected if expectations are missed. CABLE was trading at 1.7134 at time of writing.

The FTSE100 was trading at 6819.66 while the DAX was at 9903.38

The US will see the Redbook Index and the NFIB Business Optimism Index published along with Consumer Credit Change for May. The FOMC meeting minutes are out during tomorrow’s session and perhaps the volumes will be lower today with traders having an eye on tomorrow’s scheduled release. Oil stocks figures are also published tomorrow, with USOIL currently priced at around $103.38 per barrel. EURUSD was trading at 1.3592 at time of writing.

The DOW closed at 17024.21 down 44.05 points or minus 0.26%

Hope you all have a good day.