19.09.14

Good morning,

The last trading day of a week where we saw a vote on Scotland’s Independence, revised interest rates remaining unchanged from New Zealand to Switzerland and a number of key speakers, including Kuroda, Yellen and Poloz. Currencies seeing US Dollar gains, and in Asia the Yen has traded at its lowest level against the Dollar in 6 years. USDJPY was trading at 109.12 at time of writing. Looking ahead to the weekend Asian markets will see the New Zealand Elections taking place, with Reserve Bank of Australia due to release their Annual Report. AUDUSD is trading at 0.8960 at time of writing.

The NIKKEI was trading at 16321.17 up 253.60 points, an increase of1.58%

European markets see Scottish voters deciding to say with the United Kingdom and subsequent Sterling gains. EURGBP has fallen to the lowest level since July 2012 this session, currently priced at 0.7836. CABLE which had been falling rapidly, gapping down at the outset of the last week has recovered and bridged that gap. GBPUSD is currently priced at 1.6459 Euro Zone Current Account figures for July are due out this session. Monday next we will hear from ECB President Mario Draghi.

The FTSE100 is trading at 6859.74 while the DAX is trading at 9856.32 both opening higher than yesterday’s close.

Canadian Consumer Price Index figures released this session will likely be the main event regards trading volatility today. August figures are expected to increase slightly. USDCAD was trading at 1.0955 at time of writing. EURUSD is currently trading at 1.2893 Following an active week today is a little less volatile with little fundamental data due out this session.

The DOW closed at 17265.99 up 109.14 points or 0.64%

Hope you all have a nice weekend.