17.06.15

Good morning,

Japanese Trade Balance figures were out, with a decrease in imports and exports, both falling more than expected. USDJPY trading at 123.58 Foreign Investment figures in Japanese Stocks and Bonds will be out in the next 24 hours, with the Bank of Japan Monetary Policy Statement due out towards the end of the week. New Zealand’s Gross Domestic Product figures expected for the first quarter in the coming hours, with NZDUSD trading at 0.6951 a level not seen since August 2010.

The NIKKEI closed at 20219.27 down 38.67 points or minus 0.19%

Britain day will see Bank of England meeting minutes, including the Interest Rate voting figures. The ILO Unemployment numbers are expected to be out at 5.5% unchanged from their previous reading. Half an hour after the UK figures we will see Consumer Price Index data from the Euro Zone. EURGBP trading at 0.7205 Tomorrow we await the SNB Interest Rate decision, when the rate is expected to be left unchanged at -0.75%. EURCHF trading at 1.0437 with focus on Greek debt talks which are ongoing at the moment.

The FTSE100 was trading at 6703.06 while the DAX was trading at 11008.85 early in the session.

In the US today we will focus on the FED Interest Rate decision. Analysts expect the rate to remain unchanged at 0.25% FED Chair Janet Yellen will give the Monetary Policy Statement Press Conference shortly after the decision is published. EURUSD trading at 1.1270 The MBA Mortgage Applications and the EIA Crude Oil Stocks change figures are the other data releases scheduled for this session in the US. USOIL trading at $61.09 per barrel.

The DOW closed at 17904.48 gaining 113.31 points or 0.64%

Hope you all have a nice day.