Sep 12


  • BY: Nati
  • September, 12th, 2014 7:58 +00:00

Good morning,

USDJPY has continued past the 107 Yen per dollar mark, currently trading for 107.22 New Zealand’s Business PMI for August was released overnight, and this was up from the previous reading. However, despite these figures the NZDUSD pair has seen NZD weakness since July when prices were above the 0.88 level; currently priced at 0.8186 GDP figures for New Zealand are due out Wednesday of next week.

The NIKKEI was trading at 15948.29 up 39.09 points or 0.25%

European Central Bank President Mario Draghi at the Eurofi Financial Forum in Milan yesterday said investment is needed to; “bring inflation closer to where we would want to see it, to stimulate the economy, and to bring down unemployment.” EURUSD was trading at 1.2922 with this week seeing the lowest level since last July 2013 European Employment Change figures are out this session, as is Industrial Production. A big week for Sterling next week: Voting for Scottish Independence takes place on the 18th.

The FTSE100 was trading at 6810.97 while the DAX was trading at 9698.91

In the US today we will see Retail Sales figures for August, expectations for a 0.6% reading up from the flat July. Looking ahead to the next week we will see the FED Interest Rate decision on Wednesday. CABLE traders could use their forecasts for the Scottish vote and any change in the FED rate to possibly predict where the pair is headed. GBPUSD is currently trading at 1.6260 after hitting a year low of 1.6051 on Wednesday.

The DOW closed at 17049.00 down 19.71 points or minus 0.12% from the previous close.

Hope you all have a nice weekend.