Jan 22


  • BY: Nati
  • January, 22nd, 2015 8:09 +00:00

Good morning,

New Zealand figures last night saw the Business NZ PMI figure for December out at 57.7, up from 55.6 previously. EURNZD trading at 1.5345. Australian Consumer Inflation Expectation for January was out at 3.2% down from 3.4% previously. AUDUSD trading at 0.8089 The Japanese Monthly Report says that the Japanese economy is expected to continue its moderate recovery trend.

The NIKKEI was trading at 17329.02 up 48.54 points or 0.28%

All eyes will be on the European Central Bank President, Mario Draghi. Widely expected to commence a bond buying initiative today which is in turn expected to see a surge in Euro orders, and with euro linked currencies. EURUSD has fallen 15% in the last 12 months, and the pair is currently priced at 1.1588 EURGBP trading at 0.7655 with EURCHF trading at 0.9934 after the 1.20 floor was removed by the Swiss National Bank late last week.

The FTSE100 was trading at 6731.99 while the DAX was trading at 10295.82 shortly after the open.

The Bank of Canada cut rates from 1.0% to 0.75% unexpectedly yesterday. USDCAD spiked immediately following the announcement and the pair is now trading at 1.2358 a level not seen since 2009. In the US today Jobless Claims figures will be announced, with Canadian Consumer Price Index numbers the main topic across the Atlantic for tomorrow’s session.

The DOW closed at 17554.28 up 39.05 points or 0.22%

Hope you have a nice day.