17.09.14

Good morning,

USDJPY was trading at 107.28 this session ahead of tomorrow’s session August Trade Balance figures, both imports and exports are expected to be down. New Zealand will publish Gross Domestic Product figures, which are expected to remain unchanged at 3.8% NZDUSD was trading at 0.8189 at time of writing. A general election will take place this week in New Zealand.

The NIKKEI was trading at 15888.67 down 22.86 points or minus 0.14%

European markets are getting closer to the Scottish Independence vote , which takes place tomorrow. Today however we will see the Bank of England meeting minutes, shortly after Italian Trade Balance figures. Last time round 2 members of the BoE Monetary Policy Committee decided to vote for a rate increase, following a long period of unanimity. Euro Zone Consumer Price Index figures for August are out this session also. EURGBP is currently trading at 0.7943

The FTSE100 was trading at 6806.76 while the DAX was trading at 9681.04

The American Interest Rate decision and any taper of the FED bond buying scheme will be the main event later this session. EURUSD is in decline since early May and the FED’s decision today could accelerate the rise of the USD if they continue with their policy. The G20 meeting taking place today and tomorrow will include topics of geopolitical risk including the threat of ISIS and of the Ukraine situation. Friday will see Consumer Price Index results in Canada. The Loonie made gains with USDCAD currently priced at 1.0953

The DOW closed at 17131.97 up 100.83 points an increase of 0.59%

Hope you all have a good day.