17.08.15

Good morning,

The Asian session saw further Chinese Yuan weakness leading to a knock on effect on other emerging economies. Australia, which is a major Chinese trading partner, will see the RBA meeting minutes in the coming 24 hours, along with New Vehicle Sales figures for July. AUDUSD trading at 0.7362 Japanese Gross Domestic Product dropped, but not by as much as had been expected. USDJPY trading at 124.46

The NIKKEI closed at 20620.26 for a gain of 100.81 points or 0.49%

The European market will see Trade Balance figures for the Euro Zone in June. Germany will publish the Buba Monthly Report. EURUSD trading at 1.1104 Swiss Retail Sales figures for June disappointed analysts’ expectations, falling 0.9% when a drop of just 0.6% year on year had been priced in. EURCHF trading at 1.0840 Looking ahead to the rest of the week, we will see British Consumer Price Index figures for July this Tuesday. EURGBP trading at 0.7099

The FTSE100 was trading at 6549.63 while the DAX was trading at 11025.24

Today’s figures from North America will include Foreign Investment in Canadian securities and Canadian Investment in foreign securities. In the US the NY Empire State Manufacturing Index for August and the NAHB Housing Market Index for August will be released early in the American session before TIC Flows for June will round up the day’s data events. USDCAD trading at 1.3141 with USOIL trading at $42.50 per barrel at time of writing.

The DOW closed at 17477.40 at the close last week.

I hope you all have a nice week.