17.10.14

Good morning,

A slow day ahead in terms of fundamental data due for release, with the Chinese MNI Business Sentiment Indicator and Japanese Foreign Investment figures published overnight. Looking ahead to next week, Chinese GDP and Australian and New Zealand Consumer Price Index figures will take place. AUDUSD trading at 0.8754 while NZDUSD was trading at 0.7941

The NIKKEI was trading at 14532.51 down a further 205.87 dropping 1.40%

European Construction Output figures for August are due for publication this session, following the German Wholesale Price Index figures which were out this morning which was out earlier this session, falling by 0.9% year on year, slightly lower than the expected -0.7% EURUSD trading at 1.2787 Looking ahead to the next week’s data we will see Bank of England Meeting Minutes and voting information on Wednesday, and the provisional GDP on Friday. EURGBP trading at 0.7963

The FTSE100 was trading at 6226.10 up 30.19 points for an increase of 0.49% while the DAX was trading at 8660.21 up 77.31 or 0.90% at time of writing.

Canadian figures today of note will see the Consumer Price Index data published at the same time as Building Permits and Housing Starts figures in the US. CADUSD trading at 1.1238 and this pair could be heavily traded around this data release. The Reuters/Michigan Consumer Sentiment Index for October USDJPY trading at 106.44 while USOIL recovering somewhat to trade at $82.80 per barrel.

The DOW closed at 16117.24 down 24.50 points, or minus 0.15%

Hope you all have a good weekend.