Jan 22


  • BY:
  • January, 22nd, 2014 9:11 +00:00

Good morning,

Equities in Japan closed slightly positive: the Nikkei 225 closed at 15,821 , up 25 points +0.16%  and in Hong Kong the Hang Seng  finished the session at  23,082.25 with a gain of 49.13 points (+0.21%).  The Shanghai composite rose the most in two month after People Bank of China actions to ease the money market started to produce a result of falling rates. The index closed at 2,051.75 (+2.16%), up 43.44 points.

At 08:53 GMT in Germany the DAX is gaining 10.93 points at 9,741.05 (+0.11%) and in UK the FTSE100 is trading at 6,857.36 (+0.34%), up 23.1 points.

In the currency market the Australian dollar is the best performer among G10 currencies after inflation data lowered the possibility of a rate cut. AudUsd is trading at 0.8875 (+0.82%) , up 71 pips and AudJpy is at 92.56 (+0.8%) with a gain of 73 pips.  AudCad is trading at 0.9730 (+0.78%), up 74 pips.

UsdJpy is trading flat at 104.29 with a daily range of 40 pips, a low volatility environment considering the news flow from the Bank of Japan. EurUsd is trading at 1.3540 (-0.15%), down 20 pips and GbpUsd is flat  at 1.6460.

Metals are down this morning as well with Silver below 20 $/ounce at 19.82 $/ounce (-0.25%) and Gold is trading at 1,239.65 $/ounce (-0.12%).

The British pound and the Canadian dollar will need much more attention today because at 9:30 GMT the BOE will release its minute and employment rate and at 15:00 Bank of Canada interest rate decision will likely increase the volatility of the loonie dollar.