08.10.15

Good morning,

Japanese figures overnight showed Machinery Orders for August were out below expectations down 3.5% year on year when a 4.2% increase had been priced in. The Eco Watchers Survey for September also coming this session. USDJPY trading at 119.84 New Zealand’s Electronic Retail Sales figures will be out at the start of the next session followed by Australian Home Loans figures. AUDNZD trading at 1.0883

The NIKKEI closed at 18141.17 falling 181.81 or minus 0.99% on the previous closing price.

European markets unexpectedly saw the Swiss Unemployment Rate rise by 0.1% to 3.4% total. EURCHF trading at 1.0926 German Exports and Imports both fell by more than had been expected according to figures published at the opening bell in Frankfurt. Finland’s Trade Balance also fell. Greece and the Czech Republic will announce unemployment data this session. Then the big European data for the day, the Bank of England Interest Rate decision and voting figures will be announced. EURGBP trading at 0.7372

The FTSE100 was trading at 6333.31 while the DAX was trading at 9978.37 just after trading commenced.

In the US today Jobless Claims figures and FOMC Meeting Minutes will be the most widely anticipated news events. A couple of FEB members are also scheduled to speak this session. Canadian Housing Starts and New Housing Price Index data is scheduled today. USDCAD trading at 1.3045 while USOIL was trading at $48.62 per barrel. Canada will look at the Unemployment for September with figures released tomorrow.

The DOW closed at 16912.29 following trading yesterday, for a gain of 122.10 points or 0.73% on the previous closing figure.

I hope you all have a nice day.