Jun 12


  • BY: Nati
  • June, 12th, 2014 7:57 +00:00

Good morning,

Following publication of Australian jobs figures the national unemployment remains at 5.8% when some had forecast that the figure would rise to 5.9% The AUDUSD pair is currently trading at 0.9401 Overnight the Reserve Bank of New Zealand upped their interest rate to 3.25% from 3.0% as had been expected seeing the NZD also gain ground against the USD, with the NZD now trading at 0.8682 USD The Bank of Japan will also make their interest rate announcement in the next 24 hours, with Yen trading at 102.02 against the USD

The NIKKEI was trading at 14 973.53 down 95.95 points a decrease of 0.64% this session.

The European Central Bank publishes their monthly report and Euro Zone Industrial Production figures will be published this session, ahead of a raft of Consumer Price data from Germany, Spain and Italy tomorrow. This evening Bank of England’s Governor Mark Carney will speak at a speech at the annual Mansion House dinner this evening. CABLE was trading at 1.6825 with EURGBP dropping to 2012 levels at 0.8042

The FTSE100 was trading at 6830.88 down 7.99 points or minus 0.12%while the DAX was at 9955.14 up 5.33 or 0.05%

Initial Jobless Claims and Retail Sales figures are out this session in the US with Canada’s Housing Price Index results published at the same time. Looking ahead to tomorrow we will see the US Producer Price Index figures published. Today is the day the World Cup starts in Brazil, with the host nation taking on Croatia.The world cup trophy is made of 18 carat gold and weighs 6.1 kilograms. GOLD was trading at $1260 per ounce at time of writing.

The DOW closed at 16843.88 down 102.04 points or minus 0.60%

Hope you all have a good day.