23.12.14

Good morning,

This is expected to be a quiet week on the data front due to Christmas Holidays period. Today we had a public holiday in Japan to celebrate the Emperor’s birthday. The Chinese CB Leading Economic Index was published with a 0.9 reading, up from 0.8 previously. The New Zealand M3 Money supply grew by 5.8% year on year till November. NZDUSD was trading at 0.7749

The NIKKEI closed at 17635.14

British GDP disappointed expectations with a 2.6% growth reading well below the 3.0% expected. GBPUSD fell 50 pips within minutes of the publication. One Pound Sterling currently trading at 1.5544 USD. The rest of the week will remain quiet with no major scheduled data for release. Christmas holidays will keep the markets relatively quiet with public holidays and shutdowns scheduled in most regions.

The FTSE100 was trading at 6604.45 up 27.71 points or 0.42% while the DAX was trading at 9887.91 up 22.15 points or 0.22%

United States and Canadian Gross Domestic Product figures are due for release today. Canada’s GDP for October and USA’s GDP for November are scheduled this afternoon, along with Durable Goods Orders from the US. USDCAD was trading at 1.1624 at time of writing. Christmas Eve tomorrow will see Jobless Claims figures for December.

The DOW closed at 17959.44 up 154.64 points or 0.87%

Hope you all enjoy your holidays.