09.10.15

Good morning,

New Zealand saw Electronic Card Retail Sales figures increasing; up 6.1% year on year. NZDUSD trading at 0.6678 Australia published their Investment Lending and Home Loans figures for August, with home loans missing forecasts. AUDUSD trading at 0.7296 Next week we will look at Aussie Unemployment figures which currently show a 6.2% unemployment rate.

The NIKKEI closed at 18438.67 this week, gaining 297.50 points or 1.64% on Thursday’s close.

In Europe the session started with Finnish Industrial Output figures for August. France’s Budget and Industrial Output figures for the same month will be followed by Danish Current account and Trade Balance figures from Denmark, Hungary and Austria. EURDKK trading at 7.4609 with EURUSD trading at 1.1296 Italy’s August  Industrial Output and Norwegian Producer Price Index figures for September a bit later in the session, before British Trade Balance figures for August are released. EURGBP trading at 0.7350

The FTSE100 was trading at 6424.05 while the DAX was trading at 10090.47 just after the open.

In the US today Import and Export Price Indices figures will be released for September. Unemployment data from Canada is expected to see the unemployment rate drop to 6.9% from 7.0% USDCAD trading at 1.2975 a level not seen since August. The Bank of Canada publishes the Business Outlook Survey as well this session. A couple of Fed members, Lockhart and Evans, will give speeches today. GBPUSD trading at 1.5376 USOIL trading at $50.61 breaking through the $50 mark for the first time since late July.

The DOW closed at 17050.75 gaining 138.46 points or 0.82% on the previous close.

I hope you all have a nice weekend.