13.06.14

Good morning,

The Bank of Japan left the base interest rate unchanged at 0.1% China, meanwhile, saw an improvement in their Industrial Production figures as had been expected, growing by 8.8%, retail sales figures were also improved. The USDJPY pair was trading at 101.96 at time of writing.

The NIKKEI was trading at 15097.84 up 124.31 points or 0.83%

Bank of England Governor Mark Carney gave a speech last night with Sterling making strong gains as he warned that rates could rise sooner than currently expected. CABLE is currently trading at 1.6976 where it was at 1.6834 going into Carney’s speech. Consumer Price Index data for Germany and Spain so far have matched expected figures, with Italy’s data due for publication this morning also. Euro Zone trade balance and employment change figures are due out this session also. Carney’s speech sees the EURGBP level drop further to trade at 0.7992 the lowest it has been since November 2012

The FTSE100 was trading at 6816.51 with the DAX trading at 9890.26 at the start of the European session.

Crude Oil and NGAS prices saw a decline in stocks which has led to an increase in prices. The announcement that the US will also have further military presence in Iraq has attributed to the USOIL price increase of recent days. Crude is currently trading at 107.30 GOLD also saw a slight price increase to the current price level of $1274 per ounce. EURUSD is trading at 1.3575 at time of writing.

The DOW closed at 16734.19 down 109.69 points or 0.65%

I hope you all have a good weekend.