18.08.14

Good morning,

We begin with a quiet start to the week on the scheduled data released today. Chinese Foreign Direct Investment was down year on year. Australia will release the Reserve Bank of Australia meeting minutes before the open of the next Asian session. AUDUSD was trading at 0.9319 at time of writing. New Zealand will publish Producer Price Index and Inflation Expectations data in the coming hours, with Japanese machine tool orders out towards the end of the next Asian session.

The NIKKEI was trading at 15322.60, with a high of 15365.35 and a low of 15303.41

European markets will also remain relatively quiet, with the only data from the Euro Zone due out being the Trade Balance for the month of June. EURUSD was trading at 1.3388 while the EURGBP pair was trading at 0.7999 British Consumer Price Index data is the main European data due out tomorrow’s session.

The FTSE100 was trading at 6737.50 up 48.42 points or 0.72% from last week’s close, while the DAX was at 9245.99, increasing by 153.39 or 1.69%

American data is limited to the NAHB Housing Market Index for August, with Canadian data focused on portfolio investment securities. USDCAD was trading at 1.0885 while CABLE was trading at 1.6731 at time of writing. USOIL was trading at $96.61 per barrel; GOLD is trading for $1301 per ounce at time of writing. Tomorrow we will see Consumer Price Index data from the United States.

The DOW closed at 16662.91 down 50.67 points on Friday, a loss of 0.30%

Hope you all have a good week.