Jul 21


  • BY: Nati
  • July, 21st, 2015 9:01 +00:00

Good morning,

The Reserve Bank of Australia published their Meeting Minutes with Chinese exports, unemployment rates and the base interest rate all mentioned. AUDUSD trading at 0.7375 The Bank of Japan also released their Monetary Policy Meeting Minutes. Interest rates are expected to remain low as continued asset purchases will be made to stimulate lending and boost capital investments. USDJPY trading at 124.35

The NIKKEI closed at 20841.97 gaining 191.05 points or 0.93% on last week’s close price.

In Europe this session we saw Swiss Trade Balance figures released, with growth in both Import and Export figures. EURCHF trading at 1.0434 with USDCHF trading at 0.9618 Public Sector Net Borrowing figures out of the UK for June and Greece’s Current Account for May will be announced before the Hungarian Interest Rate Decision. EURHUF trading at 309.09 while EURGBP trades at 0.6962 with this week’s low of 0.6929 the lowest level since November 2007

The FTSE100 was trading at 6780.43 while the DAX was trading at 11732.87 early in the session.

Across the Atlantic today just the Redbook Index for July 17th is on the calendar. A quiet week regards data overall in the US and Canada, with the main event being the Canadian Retail Sales figures this Thursday. USDCAD trading at 1.2987 with EURUSD trading at 1.0852 USOIL trading at $50.30 with prices in decline since the Iranian nuclear agreement was seen by the markets to pave the way for a lifting of sanctions on the oil producing nation.

The DOW closed at 18100.41 following Monday’s action on Wall Street.

I hope you all have a nice day.