Feb 25


  • BY: Nati
  • February, 25th, 2015 8:53 +00:00

Good morning,

Chinese Markets reopened with HSBC Manufacturing Purchasing Manager’s Index figures improving slightly and beating the 49.5 expected figure. Out at 50.1 from 49.7 previously. Figures showing Foreign Investment in Japan will be published in the coming hours. USDJPY trades at 118.86 at time of writing, with Consumer Price Index and Employment data expected in the coming 48 hours.

The NIKKEI was trading at 18585.20 down 18.28 points or minus 0.10%

In Europe today the European Central Bank President and the Bank of England Governor will both speak, which, could lead to high volatility especially with the EURGBP pair, which is trading at 0.7325 early in the European session. Italian Trade Balance figures and the Norwegian Labour Force Survey will be published followed with the BBA Mortgage Approvals figures from the UK. GBPUSD trading at 1.5513 a 2015 high.

The FTSE100 was trading at 6,937.55 while the DAX was trading at 11218.57 shortly after the European open, both close to all-time highs.

In the US today Fed Reserve Chair will give her second day of testimony before Congress. Some analysts have inferred that she is paving the way for a rate hike in June. EURUSD trading at 1.1369 at time of writing. USOIL trading at $49.67 with the low price of oil mentioned by Bank of Canada’s Governor Stephen Poloz during his speech yesterday. USDCAD trading at 1.2450

The DOW closed at 18209.19 down 92.35 points or minus 0.51%

Hope you all have a nice day.