24.09.14

Good morning,

New Zealand’s Trade Balance was better than had been expected overnight. Figures published show exports were down but not by as much as had been forecast while imports were also down. NZDUSD was trading at 0.8074 Reserve Bank of Australia’s Governor Glenn Stevens is scheduled to speak in the next 24 hours, and following the Aussie Dollar decline recently his words will be closely followed. AUDUSD is currently priced at 0.8882 Thursday will see some important Japanese Consumer Price Index figures.

The NIKKEI was trading at 16167.45 down 38.45 points or a decline of 0.24%

European markets today will see German IFO figures which are expected to decrease slightly on the previous showing. EURUSD is trading at 1.2859 at time of writing, with EURGBP currently priced at 0.7844 Looking ahead to Thursday we will see the Bank of England Governor, Mark Carney, give a speech after Italian Retail Sales figures. Friday we are waiting on Germany’s Gfk Consumer Confidence Survey results for October.

The FTSE100 was trading at 6659.16 while the DAX was trading at 9563.58 both in the red this session.

American markets today will see EIA Oil storage change figures, which could influence USOIL prices and possibly halt the recent decline in prices. Currently priced at $91.80 per barrel, with a low this session of $91.45 US markets will see MBA Mortgage Applications for this month, with New Homes Sales figures shortly after in the session. USDJPY is at 108.54 after making a 6 year high of 109.46 last week.

The DOW closed at 17055.87 yesterday, down 116.81 points for the session a drop of 0.68%

Hope you all have a nice day.