13.01.14

Good morning,

Asian markets opened down off the Friday close but gained ground throughout the session and are now trading above the open price. The JPY is showing strength against other cross pairs, following negative jobs data in the US on Friday. USD/JPY was trading at 103.41 down from a high of 105.37 on Friday before the jobs data was released well below expectations. Japanese Trade Balance data will be released later tonight while New Zealand retail sales data will also be published.

The NIKKEI is trading at 15912.06 up 31.73 points or 0.20%

European markets will not see much fundamental data released today. Italian, Portuguese and Greek data include Industrial output figures for Italy, and Consumer Price data for both Greece and Portugal. Tomorrow’s CPI data for the UK could have an effect on the GBP should the expectations not meet the actuality. CABLE was trading at 1.6439 with a high of 1.6508 and a low of 1.6422 so far.

The FTSE100 was trading at 6752.25 up 12.31 points or 0.18% while the DAX was at 9495.98 up 22.74 points or 0.24%

A quiet day expected across the Atlantic following the Non-Farm Payroll figures on Friday. Bond auctions take place this afternoon, and the monthly budget statement for December will be published with not much further data from the US expected. The Canadian Business Outlook Survey will be released and a move in CAD could happen should the outlook be anything other than expected. USD/CAD was at levels not seen since 2009, currently trading at 1.0918 with a high of 1.0945 on Friday.

The DOW closed at 16437.05 down 7.71 points or minus 0.05%

Hope you all have a good week.