10.09.15

Good morning,

The Reserve Bank of New Zealand lowered their Interest Rate by 25 basis points to 2.75% as had been expected. NZDUSD trading at 0.6282 Australian Unemployment Rates fell to 6.2% from 6.3% as had been forecast by analysts. AUDUSD trading at 0.7014 Chinese Consumer Price Index figures for August improved on the previous more than had been expected. The Producer Price Index however missed expectations. Japanese figures released were below expectations for Machinery Orders in July and Domestic Corporate Goods Price Index. USDJPY trading at 120.76

The NIKKEI gave back some of yesterday’s gains, dropping to 18299.62 down 470.89 points or minus 2.51%

In Europe this session we will see France publish their Nonfarm Payrolls figures, and Industrial Output figures. Denmark, Norway and Sweden all announce Consumer Price Index figures today. EURDKK trading at 7.4606 with USDNOK trading at 8.2152 while USDSEK trades at 8.3853 The main European event today however will be the United Kingdom’s Interest Rate decision and related voting figures. ERUGBP trading at 0.7305 with GBPUSD trading at 1.5368

The FTSE100 was trading at 6174.42 while the DAX was trading at 10214.29 shortly after the opening bell.

Across the Atlantic today Jobless figures will be announced out of the US.  Canada’s New Housing Price Index and Capacity Utilization figures will also be out at this time. Possible USDCAD volatility around these figures could offer trading opportunities. USDCAD trading at 1.3246 USOIL was trading at $44.57 per barrel with the EIA Crude Oil Stocks change figures due for release later today.

The DOW closed at 16253.57 dropping 239.11 points or down 1.45% from the previous close.

I hope you all have a nice day.