22.09.14

Good morning,

A quiet day in Asia expected on the fundamental data front. This week will see the New Zealand trade balance for August, and the publication of the Australian Financial Stability Review. Thursday’s session will begin with a speech from Reserve Bank of Australia’s Governor Glenn Stevens. The G20 meeting took place in the city of Cairns Australia, with attendees saying they are close to adding to the world economy and generating millions of new jobs. Tax loopholes which have been exploited by some multinationals were also under review. USDJPY is currently trading at 108.87 with AUDUSD trading at 0.8905 the lowest level it has been since the beginning of March of this year.

The NIKKEI was trading at 16205.90 down 115.27 points or minus 0.71%

European Markets today will see Industrial Sales figures from Italy, with the Greek Current Account balances. European Central Bank President Mario Draghi is scheduled to speak this session. European figures tomorrow will include the Markit PMI data, French GDP and the Hungarian Interest Rate decision. EURHUF was trading at 311.75 at time of writing. EURGBP is currently priced at 0.7865 Britain tomorrow awaits BBA Mortgage Approval figures.

The FTSE100 was trading at 6795.09 while the DAX was trading at 9753.86 both off their closing price Friday.

Across the Atlantic today we will see Existing Home Sales for August in the US along with speeches from FED members Dudley and Kocherlakota. EURUSD is trading at 1.2858 at time of writing, posting a fresh low after the open at the start of trading this week at 1.2826 GOLD has been trading at $1215 per ounce after making a low this session at $1208, a price not seen since January this year. Durable Goods Orders figures will be published this Thursday along with the Jobless figures. We will see the updated GDP figures during this Friday’s session. USOIL is currently priced at $91.23 per barrel.

The DOW closed last week at 17279.74

Hope you all have a good week.