Jul 08


  • BY: Nati
  • July, 08th, 2015 7:27 +00:00

Good morning,

As Chinese markets see stocks losing value, the AUDUSD pair continues its’ decline. Trading at 0.7394 a level not seen since 2009 Australia’s Unemployment Data will be released in the next 24 hours. Japanese Current Account figures were above expectations. USDJPY trading at 121.82 at time of writing. NZDUSD trading at 0.6638 with Electronic Card Retail Sales figures due out for June shortly.

The NIKKEI closed at 19737.64 down 638.95 points dropping 3.14% off the previous close.

In Europe further emergency meetings take place with may decide the fate of Greece’s continuing participation in the Euro Zone with a deadline set for this Sunday. Today we will see the Budget Report from the UK with GBPUSD trading at 1.5418 ahead of the Bank of England Interest Rate decision tomorrow. Hungary releases Consumer Price Index data this morning with EURHUF trading at 317.12

The FTSE100 was trading at 6454.15 while the DAX was trading at 10703.33 early in the session.

Across the Atlantic today the FOMC Meeting Minutes are due out. The minutes will be studied to see if there are any clues as to when expected Interest Rate rises will take place. Canadian Building Permits figures for May are out this session with USDCAD trading at 1.2753 Tomorrow we will see Jobless Claims figures from the US, and Friday will show us the Canadian Unemployment rate for June. EURUSD trading at 1.1010 with USOIL trading at $52.03 per barrel.

The DOW closed at 17776.91 for a gain of 93.33 points or 0.53%

I hope you all have a nice day.