23.04.14

Good morning,

Australian Consumer Price Index figures disappointed coming in at just 2.9%, below the 3.2% expected. AUDUSD dropped below 0.93 for the first time since early in the month, and is currently trading at 0.9275. The Reserve Bank of New Zealand is expected to increase their interest rate to 3% from 2.75% when data is released later.

The NIKKEI was trading at 14546.27 up 157.50 points this session, an increase of 1.09%

Europe sees French and German Markit figures released this morning, followed by the important Bank of England meeting minutes. CABLE was trading at the highest levels since late 2009 currently at 1.6813 further data related to Sterling will be released on Friday with retail sales figures for March expected to show some contraction.

The FTSE100 was trading at 6681.76 up 56.51 points or 0.85% while the DAX was trading at 9600.09 up 190.38 points or 2.02%

US Markit manufacturing PMI figures along with New Home Sales data will be released later this session, and CAD traders may be watching for the retail sales figures for February data release. EIA Crude Oil Stock figures will also be published with USOIL trading at $101.57 per barrel at time of writing. Gold continues to decrease against the USD with the current price at 1284 dollars per ounce, off a yearly high of 1388 just five weeks ago.

The DOW closed at 16514.37 up 65.12 points, an increase of 0.40%

Hope you all have a good day.