10.06.15

Good morning,

Japanese Machinery Orders figures out better than expected for April, which led to JPY gains. USDJPY trading at 122.86 falling from above the 124 figure level. GBPJPY trading at 189.45 dropping from a high of 191.61 Bank of Japan Governor Kuroda has made comments overnight which resulted in further Yen gains. Reserve Bank of Australia’s Glen Stevens said the bank was open to the possibility of more interest rate cuts if needed. AUDUSD trading at 0.7771 The Reserve Bank of New Zealand will give their Interest Rate Decision in the coming hours, with the rate expected to remain unchanged at 3.5%

The NIKKEI closed at 20046.36, down 49.94 points or minus 0.25%

In Europe this session we are due to see Danish Inflation and Consumer Price Index figures and Norway’s CPI data for May. EURDKK trading at 7.4603 while USDSEK trades at 8.2780 and USDNOK was trading at 7.7290 Britain will release Manufacturing and Industrial Production figures for April this session before the Greek Consumer Price Index figures for May get published. EURGBP trading at 0.7356 while CABLE trades at 1.5459 Later in the day we will see the NIESR 3 month GDP Estimate for Great Britain.

The FTSE100 was trading at 6762.35 while the DAX was trading at 11021.18 early in the session.

In the US today we will not see much data of importance, with just the MBA Mortgage Applications figures, the EIA Crude Oil Stocks change figures leading into the Monthly Budget Statement for May. EURUSD trading at 1.1364 at time of writing while USOIL is trading at $61.53 per barrel. Tomorrow Retail Sales figures from the US are expected to show an improvement in the month of May.

The DOW closed at 17764.04 at the end of trading Tuesday.

Hope you all have a nice day.