14.08.14

Good morning,

Overnight Japanese Machinery Orders disappointed, coming in far below expectations. The Yen lost 20 pips against the Greenback in the hour following the data release, and USDJPY is currently trading at 102.51. Looking ahead there is no Asian data of note scheduled for release for the rest of this week.

The NIKKEI was trading at 15314.57 up 100.94 points, an increase of 0.66%

Today so far in Europe German GDP figures came in at -0.2% for the second quarter when forecasters had predicted 0.0% EURUSD is trading at 1.3360 at time of writing. European Consumer Price Index data is due out this session with expectations of a slight decline in this and the Gross Domestic Product for the Euro Zone. Following on from Germany’s decline this session and the fact that Germany is the main driver of the Euro Zone area then it is probable that expectations could be missed.

The FTSE100 was trading at 6663.37 while the DAX was trading at 9167.64

Across the Atlantic Canadian Housing Price Index figures are published this session, while in the US Initial and Continuing Jobless Claims figures are due for release this afternoon. CABLE dropped following Mark Carney’s speech yesterday, with a current price of 1.6662. NGAS traders will be looking towards the EIA Natural Gas Storage Change due out this session. GOLD was trading at $1316 per ounce this session.

The DOW closed at 16651.80 up 91.26 points or 0.55%

Hope you have a nice day.