20.07.15

Good morning,

A quiet start to the week regards data releases. Japan will remain shut for Marine Day. USDJPY trading at 124.12 Chinese figures released overnight show New Loans were up in June and their House Price Index fell by 4.9% The Reserve Bank of Australia will publish their Meeting Minutes in the coming 24 hours. AUDUSD trading at 0.7386 Wednesday will see New Zealand’s Interest Rate decision.

The NIKKEI closed at 20650.92 a month high.

In Europe there was reopening of Greek Banks this morning for the first time in three weeks. Daily withdrawal limits remain in place. The Euro Zone Current Account Balance for May is published this morning as will be British Public Sector Net Borrowing figures for June. Wednesday we will see Bank of England voting figures, and Inflation Report Hearings. EURGBP trading at 0.6949

The FTSE100 was trading at 6783.70 while the DAX was trading at 11687.90 early in the session.

In the US today there will be no scheduled data releases. The week will have a slow start with just Redbook Index out tomorrow in the US. Canadian Retail Sales figures for May will be put on Thursday. USDCAD trading at 1.2974 the pair briefly breached the 1.30 figure level on Friday the highest level since 2009 bought on when the Reserve Bank of Canada unexpectedly cut rates last week. USOIL trading at $51.37 per barrel.

The DOW closed at 18086.45 when trading ceased last week.

I hope you all have a nice week.