14.08.15

Good morning,

Heading into the weekend Retail Sales figures out of New Zealand started off Friday’s trading. Falling short of expectations, and down on previous figures the 0.1% figure for the second quarter was disappointing. NZDUSD trading at 0.6531 In Australia RBA assistant governor Christopher Kent spoke about the employment situation in the country. AUDUSD trading at 0.7378 Looking ahead to next week, we will see the Bank of Japan Interest Rate decision later in the week. USDJPY trading at 124.37

The NIKKEI closed at 20519.45 down 76.10 points, dropping 0.37%

In Europe today we saw French and German Gross Domestic Product figures for the second quarter. Italian, Portuguese and Euro Zone GDP figures will follow early in the session. The Euro Zone will also announce July’s Consumer Price Index data this session. EURUSD trading at 1.1147 Greek negotiations on the third bailout continued late into the early hours of last night. The bailout package was passed by vote in Greece’s Parliament this morning.

The FTSE100 was trading at 6566.74 while the DAX was trading at 11024.64 shortly after the open.

Across the Atlantic today we get Producer Price Index figures out of the US along with Capacity Utilization and Industrial Production figures for July. Canada Manufacturing Shipments figures for June will also be on the agenda with USDCAD trading at 1.3056 Looking ahead to next week The Jackson Hole Economic Policy Symposium is scheduled to take place later on. USOIL trading at $42.92 after printing fresh lows this session in Asia of $42.06 per barrel.

The DOW closed at 17408.25 on Thursday.

I hope you all have a nice weekend.