16.06.14

Good morning,

After the weekend there is very little data of note due from Asia this session. USDJPY was trading at 101.82 at time of writing. Should we see Australian Reserve Bank meeting minutes will be out at the start of tomorrow’s session with AUDUSD trading at 0.9392 GOLD gapped up from Friday’s closing price of 1277 USD per ounce to currently trade at $1282 per ounce.

The NIKKEI was trading at 14933.29 down 164.55 or 1.09%

European Consumer Price Index figures are expected to be the main data event this session with expectations that the Index will grow by 0.5% down from the 0.7% published this time last year. The GBP has gained against both the USD and the Euro with CABLE trading above the 1.70 level this session for the first time since 2009

The FTSE100 was at 6775.72 down just 2.13 or 0.03% while the DAX was trading at 9901.49, 11.38 poins below the open, down 0.11%

A relatively quiet start to the week across the Atlantic in the US sees TIC flow figures for April, the New York Empire Manufacturing Index figures and Industrial Production data. Canada will publish foreign portfolio investment data at the open of their session today. USDCAD was trading at 1.0872 at time of writing. USOIL traded up to 107.65 last week and is at 107.27 at time of writing with some experts putting the Friday jump in price to the situation in Iraq which has escalated again in recent days.

The DOW closed at 16775.74 up 41.55 points or quarter of a percent.

Hope you all have a nice week.