18.05.15

Good morning,

Japanese Machinery Orders were up in March, higher than had been expected. Industrial Production figures however missed expectations. USDJPY trading at 119.64 Japanese Gross Domestic Product figures will be out this Wednesday at the outset of trading, and the first quarter is expected to remain level at 0.4% growth. Reserve Bank of Australia Meeting Minutes out in the coming 24 hours with AUDUSD trading at 0.8010

The NIKKEI closed at 19890.27 gaining 157.35 points; up 0.80%

Swiss Retail Sales figures for March the big market mover expected in Europe today. USDCHF trading at 0.9181 ahead of the data publication. Other figures from Europe today will include Swedish Capacity Utilization, Italian Trade Balance figures and the German Buba Monthly Report. EURUSD trading at 1.1398 Bank of England voting figures revealed on Wednesday and we will also have Norwegian GDP figures out that session. ECB President Draghi speaks Thursday and Friday. German GDP figures for the first quarter to be announced this Friday.

The FTSE100 was trading at 6979.74 while the DAX was at 11517.41 early in the session.

A quiet day regarding data releases across the Atlantic expected with just the NAHB Housing Market Index for May scheduled for today. Tomorrow the Roya Bank of Canada’s Stephen Poloz is scheduled to speak. USDCAD trading at 1.2034 at time of writing. FOMC meeting minutes out this Wednesday. USOIL trading at $61.45 per barrel while GOLD traded higher throughout the past week, with the shiny metal currently trading at $1229 per ounce.

The DOW closed at 18272.56 at the end of last week’s trading.

Hope you all have a good week.