10.10.14

Good morning,

Asian markets saw the Japanese Consumer Confidence Index for September fall below expectations, with the Bank of Japan’s Monetary Policy meeting minutes also released overnight. Concerns over the 2% inflation target were aired, and members also agreed that the economy is likely to continue to recover moderately as a trend as the labour market and wages improve. USDJPY trading at 107.80 Australian Home Loans figures disappoint, with a decline of nearly one percent in August. AUDUSD trading at 0.8777

The NIKKEI was trading at 15301.51 down 177.42 points, a decline of 1.15% from yesterday’s closing price.

Data from Europe today includes French, Danish, Italian and Greek Industrial Output figures. Traders of the Norwegian Krone will be looking to the Consumer Price Index and Inflation figures for September due out this session. USDNOK trading at 6.4759 British Trade Balance figures for August are also due out this session with CABLE trading at 1.6124 EURGBP was trading at 0.7874 Next Tuesday will see the UK Consumer Price Index figures for September. GOLD is trading at $1223 per ounce this session.

The FTSE100 closed at 6431.85 down 50.39 points for a drop of 0.78% while the DAX closed at 9005.02 up 9.69 points for an increase of just 0.11%

USDCAD trading at 1.1194 ahead of the updated Canadian Employment figures, the unemployment rate is currently 7% which is expected to remain unchanged. USOIL is trading for $84.14 per barrel a low level not seen since late 2012 EURUSD is trading at 1.2696 at time of writing. The United States Monthly Budget Statement for September is due to be published this session, as are the US Import and Export Price Indices for the same month. Looking ahead to next week, we expect a slow start on the data front across the Atlantic, with the first major release due on Wednesday when US Retail Sales figures are published.

The DOW closed at 16659.25 down 334.97 points or minus 1.97%

Hope you all have a nice weekend.