23.10.14

Good morning,

NZDUSD trading at 0.7848 following the lower than expected Consumer Price Index figures out of New Zealand. A reading of 1.0% was printed, below the 1.3% expected. Japanese Yen weakened after the Bank of Japan auctioned bonds at a negative yield for the first time. USDJPY trading at 107.18 at time of writing. The next Asian news events expected in the coming 24 hours include New Zealand Trade figures, and The Conference Board Leading Economic Index for China.

The NIKKEI was trading at 15138.96 down 56.81 points or minus 0.37%

European data today has already seen the Markit Manufacturing and Services Purchasing Managers Index figures in France out lower than expected. Spanish Unemployment now stands at 23.67% The German and euro Zone Markit Manufacturing and Services PMI figures are also due out this session. EURUSD trading at 1.2620 Swedish Unemployment data is also published this session with USDSEK trading at 7.2880

The FTSE100 was trading at 6322.91 down 76.82 points or down 1.20% while the DAX was trading at 8837.33 down 102.81 or minus 1.15% so far this session.

Today we will hear from Bank of Canada Governor Poloz a week after the Loonie was at the lowest level against the Greenback since 2009. Currently trading at 1.1239 the USDCAD could prove volatile again today depending on the tone of Poloz’s speech. US data today includes the Jobless figures and the Markit Manufacturing PMI figure for October. CABLE trading at 1.6042 while GOLD is trading at $1242 per ounce.

The DOW closed at 16461.32 down 153.49 points, dropping 0.92% from the previous closing price.

Hope you all have a nice day.