Jul 24


  • BY: Nati
  • July, 24th, 2014 7:48 +00:00

Good morning,

New Zealand increased interest rates as had been expected to 3.5% from 3.25% as had been expected. The NZDUSD pair dropped from over 0.87 to currently trade at 0.8574 Reserve Bank Governor Graeme Wheeler said the currency's strength was "unjustified" which attributed to the drop in value. Chinese HSBC Manufacturing Purchasing Manager Index was published beating expectations to reach an 18 month high. Japanese exports missed expectaions for June falling by 2% when a rise of 1% had been forecast. USDJPY was trading at 101.43

The NIKKEI was trading at 15284.42 down 44.14 points, 0.29% below the open.

European figures out today will include the Markit Manufacturing and Services data for Germany, France and the Eurozone. Swedish Producer Price Index is also due out along with the Unemployment rate which is currently at 9.2% up from 8% EURGBP is trading at 0.7892 ahead of the British Retail Sales figures which are due out this morning. CABLE is trading at 1.7038 at time of writing.

The FTSE100 was trading at 6775.92 while the DAX was trading at 9697.69

American markets today are awaiting Continuing Jobless and Initial Jobless Claims figures. The US Markit Manufacturing PMI is out following the jobless figures. NGAS is currently trading at $3.765 per million British thermal units (mBtu) ahead of the EIA Natural Gas Storage figures later this session. EURUSD was trading at 1.3470 at time of writing. GOLD was trading at $1295 per ounce.

The DOW closed at 17086.63 down 26.91 points, a drop of 0.16%

Hope you all have a nice day.