11.06.14

Good morning,

The Reserve Bank of New Zealand is expected to be the main event from the Asia Pacific region followed by revised Australian Employment data. Both the Aussie and Kiwi dollar gained against the Greenback over the course of this week so far. AUDUSD is currently trading at 0.9381 with NZDUSD trading at 0.8546. Later this week the Bank of Japan will also publish their Interest Rate.

The NIKKEI was trading at 15069.48 up 74.68 points or 0.50%

Great Britain today will publish their updated unemployment figures, with very little other economic data expected from the Euro Zone today. Yesterday ECB policymakers said they can do more to protect the stability of the economy and act to prevent deflation if needed following the interest rate cut last week. However German Finance Minister, Wolfgang Schaeuble, added that: "The ECB should stick no longer than necessary for price stability to their low interest rate policy."

The FTSE100 closed at 6864.43 down 9.12 or 0.13% while the DAX closed at 10015.40 down 13.40 points or minus 0.13%

EIA Crude Oil Stocks and MBA Mortgage Applications figures will be publicized later today in the US, with OIL currently trading at $104.60 per barrel we could see the year high $105.20 mark passed should the stocks come in far below expectations. EURUSD continues lower, currently trading at 1.3540

The DOW was at 16945.92 at the close of yesterday’s session.

Hope you all have a nice day.