May 21


  • BY: Nati
  • May, 21st, 2014 6:31 +00:00

Good morning,

The Bank of Japan’s Interest Rate remained unchanged at 0.1% with USDJPY trading at 101.20 while Japanese Exports were up 5.1% year on year, while Imports also increased, 3.4% year on year. Australia published Wage Price Index figures in line with expectations; it rose 2.6% year on year. AUDUSD sold off during yesterday’s session opening at 0.9332 to close at 0.9233

The NIKKEI was trading at 14035.73 down 39.52 points a decline of 0.28%

European Current Account figures are due out today as are the Bank of England Vote figures are published which are expected to once again show an unchanged poll. Retail Sales figures are also due out this session from the UK. EURGBP was trading at 0.8136 off yesterday’s low of 0.8118 British GDP figures are due out tomorrow.

The FTSE100 closed at 6802.00 down 42.55 points or minus 0.62% while the DAX closed at 9639.08 down 20.31 points a decline of 0.21%

FOMC meeting minutes are due today following a series of FED member speeches, including FED Chari Janet Yellen. MBA Mortgage Applications will probably be a low volume event due to the FOMC timing, with oil traders looking towards the EIA Crude Oil Stock Change due out this session. USOIL was trading at $102.89 per barrel. EURUSD is trading at 1.3705 at time of writing.

The DOW closed at 16374.31 down 137.55 or minus 0.83%

Hope you all have a good day.