Jul 09


  • BY: Nati
  • July, 09th, 2014 8:22 +00:00

Good morning,

Chinese Consumer Price Index came out at 2.3% below the 2.4% expected. Meanwhile Australia’s Westpac Consumer Confidence Index came out at 94.9 Tomorrow will see the updated Aussie Unemployment Rate which is expected to come out at 5.9% from 5.8% The Bank of Japan will also publish their interest rate decision at the beginning of the Asian session tomorrow, following the Aussie figures. NZDUSD was trading at 0.8806 a level not seen since July 2011

The NIKKEI was trading at 15302.65 having opened 200 points lower; it is now just 11.76 points down or minus 0.08%

European markets are not expecting any data of importance today, tomorrow will see the ECB Monthly Report and the Bank of England Interest Rate Decision. CABLE is currently trading at 1.7115 with EURGBP at 0.7953 at time of writing. The British Retail Consortium reported that shop prices fell 1.8% last month compared with a year earlier.

The FTSE100 was trading at 6717.02 down 21.43 points or minus 0.32% while the DAX was trading at 9778.70 up 6.03 points.

American markets will today hear the FOMC meeting minutes, with any decisions or clues to when or if the FED will raise or decrease rates could determine a volatile time in the markets. Friday will see Canadian Unemployment rate, which is expected to remain at 7% USDCAD was trading at 1.0674 at time of writing, while EURUSD is at 1.3615. GOLD has climbed to the current price of $1323 per ounce with USOIL trading at $103.28 per barrel ahead of today’s EIA Crude Oil Stocks number.

The DOW closed at 16906.62 down 117.59 or -0.69%

Hope you all have a nice day.