18.08.15

Good morning,

The Reserve Bank of Australia’s meeting minutes said that the decision to leave interest rates at the record low 2.0% was the right one. The minutes said that the weaker AUD is helping exports. AUDUSD trading at 0.7349 The Bank of Japan will announce their Interest Rate decision this week, but before that happens mid-week, we will see Trade Balance figures in the coming session. USDJPY trading at 124.37

The NIKKEI closed at 20554.47 falling 65.79 points or down 0.32% from the previous.

In Europe today the main figures will be out of the UK with Consumer Price Index figures and Retail Price Index figures out this session. EURGBP was trading at 0.7109 The Polish Unemployment figure and the Hungarian Interest Rate decision will also be out during the European market session. EURHUF trading at 309.07

The FTSE100 was trading at 6546.34 while the DAX was trading at 10947.38 early in the session.

Across the Atlantic today Housing Starts and Building Permits figures for July are due to be published. The Redbook Index will follow. Tomorrow will have the important Consumer Price Index figures and the FOMC meeting minutes. EURUSD trading at 1.1090 while USDCAD trades at 1.3115 Friday will see Canadian Consumer Price Index figures. USOIL has reached fresh lows, currently trading at $42.12 per barrel.

The Dow closed at 17545.18 up 67.78 points or 0.39% for the session yesterday.

I hope you all have a good day.