19.05.15

Good morning,

The Reserve Bank of Australia’s meeting minutes were released, earlier this month the Interest Rate was cut by 25 basis points to 2.00% the lowest rate on record. AUDUSD trading at 0.7989 The RBA said further cuts were possible due to jobs concerns and the slowdown in the Chinese economy. Japanese Gross Domestic Product figures due in the coming hours, with markets expecting a steady 0.4% growth for the first quarter. USDJPY trading at 119.91

The NIKKEI closed at 20026.38 up 136.11 points or 0.68%

In Europe today the Euro has fallen on comments by Benoît Cœuré regarding the bond buying program by the ECB. EURUSD trading at 1.1176 at time of writing. Data from Europe today will include Consumer Price Index data from Great Britain and the Euro Zone area, with Producer Price Index figures from the UK due this session also. German ZEW Survey data also out this morning. EURGBP trading at 0.7155

The FTSE100 was trading at 6999.76 while the DAX was trading at 11794.94 ahead of the data publication.

Across the Atlantic today we will see Building Permits and Housing Starts for April out of the US. While in Canada the Bank of Canada Governor Stephen Poloz is scheduled to speak. USDCAD trading at 1.2165 FOMC meeting minutes the main data to watch out of the US for tomorrow’s session. Consumer Price Index figures for both the US and Canada will be published this Friday. USOIL was trading at $59.73

The DOW closed at 18298.88 up just 26.32 points or 0.14% following the session.

Hope you all have a nice day.