18/10/2013

Good morning,

After the positive close of Wall Street, where the S&P reached a new all time high at 1733.15 (+0.67%) up 11.61 points and Nasdaq went up +23.71 points (+0.62%) at 3863, a wave of risk appetite reached Asia as well, excluding Japan. The Nikkei  lost -24.97 points at 14561.5 (-0.17%) and the Hang Seng went up 183.16 points at 23278 (+0.79%). In Australia the ASX200 performed well and gained +38.36 points at 5321 (+0.73%). For both Eurozone and in Uk today the news flow from economic calendar will be empty. The DAX index is up 27 points at 8834.1 (+0.31%) and the FTSE Mib in Italy is trading at 19237, a level seen the last time in 2011. In Uk the FTSE 100 is up 28 points at key level 6600 (+0.45%). The currency market is calm this morning after yesterday session that saw the dollar in weakness situation against most major currencies.  EurUsd is flat at 1.3687 (+0.05%) and the UsdJpy is having a low volatility trading session as well at 97.89 (-0.02%). GbpUsd is trading at 1.6178, up 14 pips (+0.09%).  Precious metals are slightly up after yesterday huge gains: gold (+0.01%) at 1320 and silver at 21.91 (+0.26%). Crude oil is unchanged at 100.67. The Driver that made weak the dollar and lifted equities and metals is  the same that is keeping on uptrend the markets for years: money printing. Canadian dollar traders should pay attention at 12:30 to the CPI index data release and in US at the same time will be released the Producer Price Index.

Have a nice weekend