23.07.15

Good morning,

New Zealand cut Interest Rates by 25 basis points from 3.25% to 3.00% as had been priced in. Expectations could see rates cut further in the coming months. NZDUSD trading at 0.6683 Japanese figures out showed that Exports rose slightly less than had been expected, with imports not decreasing as much as had been expected. USDJPY trading at 123.79 Chinese HSBC Manufacturing Purchasing Manager’s Index figures out in the next 24 hours.

The NIKKEI closed at 20683.95 for a gain of 90.28 points or 0.44%

In Europe this session we will see Turkish and Danish Consumer Confidence figures for July. USDTRY trading at 2.7188 while the EURDKK pair is trading at 7.4615 Sweden will publish Unemployment figures with Italian Trade Balance figures to follow. The United Kingdom will take a look at Retail Sales figures for June. EURGBP trading at 0.7022 Looking ahead to tomorrow’s session we will see Markit figures from France, Germany and The Euro Zone.

The FTSE100 was trading at 6673.06 while the DAX was trading at 11528.69 early in the session.

In the US today we will see Jobless Claims figures. GOLD has had a volatile few days with prices at the start of the week above $1130 per ounce; we now see price action around the $1105 per ounce mark, with a five year low of $1085 printed on Monday. Canadian Retail Sales figures due to be published today are expected to increase by half of one percent month on month for May. USDCAD trading at 1.2976

The DOW closed at 17851.04 following yesterday’s trading session.

I hope you all have a nice day.