Dec 10


  • BY: Nati
  • December, 10th, 2014 8:43 +00:00

Good morning,

Chinese Consumer Price Index fell to 1.4% from 1.6% when no change had been expected. New Zealand will announce their updated Interest Rate decision (expected to remain unchanged at 3.5%) in the next 12 hours, with Australian Unemployment data (expected to come out at 6.3% up from 6.2%) to follow in that region. AUDNZD trading at 1.0810 with USDJPY trading at 119.20

The NIKKEI was trading at 17412.58 down 400.80 points or 2.25%

Europe today will focus on the British Trade Balance figures. EURGBP trading at 0.7890 while CABLE trades at 1.5669 The British Chambers of Commerce  trimmed its forecasts for economic growth in the coming years, projecting a 3.0 percent expansion this year, 2.6 percent next year and 2.4 percent in 2016. GOLD was trading at $1231 per ounce this morning.

The FTSE100 was trading at 6557.71 while the DAX was trading at 9897.88 in the first hour of trading, both opening higher.

In the US today we will see the MBA Mortgage Applications figures (Dec 5) and the Monthly Budget Statement for November. EIA Crude Oil Stocks change numbers are also out this session, with USOIL selling at $62.80 a barrel at time of writing. Important Retail Sales figures for November are due tomorrow with EURUSD trading at 1.2372 this session.

The DOW closed at 17801.20 down 51.28 or 0.29% from the previous close.

Hope you all have a nice day.