16.01.14

Good morning,

The Australian unemployment rate remained unchanged at 5.8%, but with a reduction of 22,600 jobs. The AUD dropped against all pairs, dropping to the lowest level against the USD since 2010. Currently AUD/USD is trading at 0.8808. Bank of Japan Governor Kuroda saw Japan’s machinery orders reach a five year high in November according to figures released recently. The JPY lost ground against the USD as Reuters report that the BOJ will maintain current quantitative/qualitative monetary easing for as long as needed to achieve 2% inflation target in stable manner.

The NIKKEI was trading at 15747.20 down 61.53 points or minus 0.39%

German Consumer Price Index figures came in as expected this morning, the Euro-Zone area will publish its’ monthly report this morning, and an hour later will release Consumer Price Index figures. Yesterday saw the EUR lose ground against the USD, perhaps positive figures will recoup some of the losses over yesterday’s session. EUR/USD was trading at 1.3606 with a high of 1.3628 and a low of 1.3585 so far.

The FTSE100 closed at 6818.79 while the DAX closed at 9745.58 up 11.77 points or 0.12%

The US will look forward to their Consumer Price Index figures and Jobless Claims figures. Following these figures there will be speeches from FOMC member Williams, and outgoing FED President Ben Bernanke. CABLE was trading at 1.6328 with a high of 1.6374 and a low of 1.6314 so far. The New York Federal Reserve business conditions index rose to 12.51 in January, the highest reading since May 2012, from 2.22 in December yesterday, leading to gains in USD strength. Crude Oil stocks were down, missing expectations badly and leading to a jump from $93.00 to over $94.00 per barrel yesterday.

The DOW closed at 16481.94 up 108.08points or 0.66%

Hope you all have a nice day.