May 19


  • BY: Nati
  • May, 19th, 2014 6:28 +00:00

Good morning,

There is very little fundamental data due out today, Japanese Machinery Order figures surprised expectations with an increase of 16.1% year on year with a reading of 4.2% expected. The JPY gained on this publication with USDJPY now trading at 101.30, 20 pips below last Friday's close.

The NIKKEI is trading at 14006.99 down 89.60 points a decline of 0.64%

European data out today is limited to the Construction Output figures, this and the speech of the German Bundesbank President,Dr. Jens Weidmann, are the only scheduled movers on the calendar today with the 30 year bonds from Germany and the UK. EURGBP was trading at 0.8151 at the time of writing.

The FTSE100 closed at 6855.81 up 14.92 points an increase of 0.22% while the DAX closed at 9629.10 down 26.95 points, minus 0.28%

The Canadian Market remains closed today for the Victoria Day holiday, with US auctioning short term bonds of 3 and 6 month duration. Wednesday will see the FOMC meeting minutes released which will be the main data out of the US this week.

The DOW closed at 16491.31 up 44.50 points an increase of 0.27%

Hope you all have a good week.