Aug 13


  • BY: Nati
  • August, 13th, 2014 7:56 +00:00

Good morning,

Chinese Retail Sales figures were out slightly lower than had been expected, with a reading of a 12.2% increase year on year for July, when 12.4% was forecast. Urban Investment was also in lower than expected for the same timeframe, with a 17.0% increase published, when an increase of 17.4% was expected. Bank of Japan released minutes of July 14-15 meeting in Tokyo, and Gross Domestic Product for the second quarter fell by less than had been forecast. USDJPY was trading at 102.25 at time of writing.

The NIKKEI was trading at 15213.63 up 52.32 points, an increase of 0.35%

Today in Europe the main point of interest will be the Bank of England’s Quarterly Inflation Report and Governor Mark Carney’s speech. Beforehand Unemployment data from the UK is released. France and Spain will publish Consumer Price Index data for July this session. Earlier German CPI figures came out as had been expected. EURUSD was trading at 1.3367 while CABLE was trading at 1.6823

The FTSE100 was trading at 6632.42 while the DAX was trading at 9069.47 down 111.27 points or minus 1.21%

The US today will see Retail Sales figures for June announced. GOLD prices have been trading above the 1300 dollar mark since the 6th of the month, reaching a high of $1322.73 on the 8th. USDCAD is trading at 1.0918 with Canada’s New Housing Price Index due tomorrow. USOIL is trading at $97.41 per barrel. Geopolitical risks include the IS situation in northern Iraq, the ongoing situation in the Ukraine as well as the Middle East ceasefire between Israel and Hamas. Talks are ongoing in Cairo, Egypt to try to broker a more permanent ceasefire beyond the 72 hours agreed on.

The DOW closed at 16560.54 yesterday.

Hope you all have a nice day.