Jun 18


  • BY: Nati
  • June, 18th, 2014 7:25 +00:00

Good morning,

Asia saw some data out of Japan early this session including figures showing a decrease in imports and exports greater than had been expected. JPY decreased in value against the USD with the pair currently trading at 102.28 New Zealand will publish updated GDP figures later, with expectations eyeing an increase year on year to 3.7% from 3.1%

The NIKKEI was trading at 15115.80 up 139.83 or 0.93%

European figures out this session include Construction Output figures and the ZEW Survey for Switzerland. Bank of England will release their meeting minutes today in which the voting is expected to remain unchanged with a unanimous verdict to leave the rates untouched. CABLE was trading at 1.6983

The FTSE100 closed at 6766.77 while the DAX closed at 9920.32

Today will see the important FED interest rate decision and if there will be further tapering of the bond buying. The Federal Open Market Committee reduced the monthly pace of bond purchases by $10 billion in each of the past four meetings. Markets will probably see a lower volatility up until this event due to the significance of the FED and the US positioning. EURUSD is currently trading at 1.3552

The DOW closed at 16808.49 up 27.48 points, an increase of 0.16%

Hope you all have a good day.