10.07.14

Good morning,

Australia published a 6.0% unemployment rate, which is slightly higher than had been expected. There was a move from full time to part time employment, with an increase in the number of workers overall. AUDUSD is currently trading at 0.9372 New Zealand will publish Home Loans data for May, and REINZ house price index figures for June overnight. NZDUSD was trading at a level not seen since 2011 at 0.8810 at time of writing.

The NIKKEI was trading at 15216.47 down 86.18 points or minus 0.56%

European markets today will see the ECB monthly report published before the Bank of England Interest Rate decision is announced. Asset purchases are expected to remain at £375B per month, and the rate is expected to remain at 0.5% Swedish and Norwegian Consumer Price Index figures are out during this session. CABLE was trading at 1.7126 at time of writing. EURUSD is currently priced at 1.3635

The FTSE100 was at 6705.84 while the DAX was trading at 9791.87

Across the Atlantic we see the Initial Jobless figure and the EIA Natural Gas Storage figure from the US, while Canadian New Housing Price Index data is due this session. Tomorrow we will see the Canadian unemployment figure, which is expected to remain unchanged at 7% USDCAD is currently priced at 1.0657 with NGAS trading at 4.170

The DOW closed at 16985.61 up 78.99 points an increase of 0.47%

Hope you all have a nice day.