Jul 10


  • BY: Nati
  • July, 10th, 2015 8:26 +00:00

Good morning,

Coming into the end of the week we see EURJPY gaining ground on news that the Greek Prime Minister has submitted a bailout application, asking for just over 50 billion euros of funding to take the struggling Euro Zone member up to 2018. Australian Home Loans fell by more than had been expected in May. AUDUSD trading at 0.7465 Japanese wholesale prices fell 2.4 percent in the year to June to mark the third straight month of declines. USDJPY was trading at 122.08

The NIKKEI closed 19779.83 down 75.67 points or minus 0.38%

In Europe today the news that Greek Prime Minister Alexis Tsipras has submitted a fresh proposal to European creditors has led to Euro gains across the board. The markets seem to have accepted this to be a good proposal it seems. EURUSD trading at 1.1117 This session we will see Italian Industrial Output figures, Norway’s Inflation and Consumer and Producer Price Index data. Following the market open we will then see British Trade Balance figures for May. EURGBP trading at 0.7200 while CABLE is priced at 1.5439

The FTSE100 was trading at 6639.91 while the DAX was trading at 11220.00

When the US market opens today there is not much scheduled aside from the Wholesale Inventories for May. Two FED members are due to speak with Boston Fed President Resengren speaking in Idaho with Federal Reserve Chair Janet Yellen speaking in Cleveland. Canada will release Unemployment data today, with the rate expected to go from6.8% to 6.9% unemployed. USDCAD trading at 1.2722 USOIL was trading at $53.75 per barrel.

The DOW closed at 17548.62 gaining 33.20 points or 0.19%

I hope you all have a nice weekend.