17.07.14

Good morning,

Today saw little by way of data out of Asia, where overnight we saw Japanese Foreign Bond Investment figures, and Australian Business Confidence data released. AUDUSD was trading at 0.9371 at time of writing. There are very few scheduled data releases from Asia for the rest of this week. South African Interest Rate decision is due out this session, with the rate currently at 5.5%

The NIKKEI was trading at 15370.26

European traders today will focus on the Consumer Price Index data which is expected to register at 0.8% up from 0.7% previously. Construction Output for the Eurozone coupled with the CPI could lead to some volatility in the Euro price this session. EURGBP was trading at 0.7902, a level not seen since September 2012

The FTSE100 was trading at 6765.71 while the DAX was trading at 9820.32, both down from the close yesterday.

The US will see Initial and Continuing Jobless Claims figures along with Building Permits and Housing Starts for June data published today. Later in the session the Philly Fed Manufacturing Survey is due out. GAS traders will be looking towards the EIA Natural Gas Storage change figure. EURUSD was trading at 1.3520 Brazil left the base interest rate unchanged at 11% yesterday. South America’s largest economy has an expectation that the GDP will increase by 1% this year.

The DOW closed at 17138.20 up 77.52 points, an increase of 0.45%

Hope you all have a good day.