09.09.14

Good morning,

Australian Home Loans figures for July came in below expectations. The AUDUSD pair fell overnight to currently trade at 0.9263 Japanese Consumer Confidence is at 41.2 for August which is more bearish than had been expected. Japanese policymakers warned that rapid fluctuations of the JPY were undesirable for the economy, currently near a six-year low against the dollar; the pair is currently trading at 106.30

The NIKKEI was trading at 15749.15 up 44.04 points or 0.28% from yesterday’s close.

European markets today focus on Bank of England Governor Mark Carney’s speech, he has said that the Bank has contingency plans in the event of Scottish independence, but has not given any details thus far. Scottish voters have had some effect on Sterling this week so far, CABLE opened this week at the lowest level in 2014 with the pair currently priced at 1.6085 British Industrial and Manufacturing Production figures for July are also out this session. Later this session the NIESR GDP Estimate will also be released.

The FTSE100 was trading at 6845.21, up 10.44 points or 0.15% while the DAX was trading at 9761.89

In Canada today the housing starts figures will be published for August. American Redbook Index for September is also due out this session. Tomorrow we will see the EIA Crude Oil Stocks change figures for this month, with USOIL currently priced at $93.11 per barrel. EURUSD is trading at a level not seen since July last year, at 1.2879 at time of writing. Retail Sales for the US in August will be out on Friday.

The DOW closed at 17111.42 down 25.94 points, a drop of 0.15%

Hope you all have a good day.