23.09.14

Good morning,

Chinese HSBC Manufacturing PMI figures were released overnight and they were out slightly above expectations, with a reading of 50.5, when 50.0 had been forecast. Japanese markets are closed for Autumnal Equinox Day so a lower volume expected on account of this. USDJPY was trading at 108.66 at time of writing. New Zealand Trade Balance figures are coming at the beginning of the next Asian session.

The NIKKEI closed at 16205.90 down 115.27 points or minus 0.71%

European markets will see Markit PMI data for France, Germany and the Euro Zone area. British Mortgage Approvals and Public Sector Net Borrowing figures for August are due out this session. EURGBP is trading at 0.7862 which could be affected by the figures should the expectations miss by a wide enough margin. Hungary will see the MNB Interest Rate decision for traders of the EURHUF this could push the price action around the publication of the figure with the pair currently trading at 311.03

The FTSE100 was trading at 6735.56 while the DAX was trading at 9709.88

US markets aslo await the Markit Manufacturing PMI figures this session. EURUSD is trading at 1.2860 Canadian Retail Sales figures are out this session with July’s figures expected to fall from the previous month’s reading. USDCAD is trading at 1.1018 GOLD has been on the decline recently with the $1200 mark offering support. Tomorrow’s session will see the EIA Crude Oil Stocks change for September, and USOIL is currently trading at $90.98 per barrel.

The DOW closed at 17172.68 down 107.06 points or a decline of 0.62%

Hope you all have a nice day.