Sep 11


  • BY: Nati
  • September, 11th, 2014 7:59 +00:00

Good morning,

Australian Unemployment Rate drops overnight, but Aussie Dollar gains on the news couldn’t reverse the losses so far this week. Currently trading at 0.9157 AUDUSD started the week at 0.9363 Chinese Consumer & Producer Price Index figures were slightly below expected forecasts. In the coming 24 hours we will see Japanese Industrial Production figures for July and Bank of Japan’s Governor Kuroda is due to speak. USDJPY is trading at 106.88 a 6 year high.

The NIKKEI was trading at 15909.20 up 120.42 points or 0.76% from yesterday’s close.

Europe today will see the European Central Bank’s Monthly Report published. Greece will publish updated unemployment figures for June; with the most recent figure at 27.2% it holds the highest unemployment rate in the common currency area. German Consumer Price Index results were as expected and didn’t change, French figures were slightly better than expected for August. EURUSD is trading at 1.2919 at time of writing.

The FTSE100 was trading at 6831.77 while the DAX was trading at 9719.02

The US today will see Initial Jobless Claims for September 5th and the Continuing Jobless Claims from the 29th of August. CABLE has returned to the level that we saw at the start of the week at 1.6218 Canada will see publication of the New Housing Price Index this session. Tomorrow we will see August’s Retail Sales figures. USDCAD is trading for 1.0957 at time of writing.

The DOW closed at 17068.71 up 54.84 points or 0.32%

Hope you all have a good day.