19.08.14

Good morning,

Reserve Bank of Australia said the nation’s economic outlook remains uncertain because of the conflicting forces at play and reiterated that interest rates are set to remain on hold at a record-low 2.5 percent. AUDUSD was trading at 0.9330 Japanese Machine Tool Orders came out at 37.7%, up from 34.1% previously. USDJPY was trading at 102.59 at time of writing.

The NIKKEI was trading at 15449.79 up 127.19 points, an increase of 0.83% from yesterday’s closing price.

Today in Europe will see the Euro Zone current account balance, but the big data announcement today will be the British Consumer Price Index for July. Expectations are for a reading of 1.8% down from 1.9% a year ago. CABLE is trading at 1.6705 while EURGBP is trading at 0.7990 Tomorrow the important Bank of England Interest Rate voting decision will be announced.

The FTSE100 was trading at 6772.97 while the DAX was trading at 9327.32

Across the Atlantic today will see US Consumer Price Index data releases, along with the Redbook Index and Housing Starts data. EURUSD was trading at 1.3352 at time of writing. USOIL contracts closing saw a drop in the price of Crude overnight. USOIL is trading at $94.26 per barrel ahead of tomorrow’s EIA Crude Oil Stocks change announcement. GOLD trading for $1300 per ounce, with Silver trading at $19.65

The DOW closed at 16838.74 up by 175.83 points, an increase of 1.06%

Hope you all have a nice day.