26.02.14

Good morning,

Australian construction work figures published shows a slowdown in the region with the Aussie dollar in steady decline against most pairs since April 2013. With the closely co-related New Zealand about to publish trade balance figures later today we could see some price movement around the release of these figures. AUDUSD was trading at 0.9014 with a high of 0.9025 and a low of 0.8969 so far.

The NIKKEI was trading at 14970.97 down 80.63 points or minus 0.54%

Britain’s GDP figures will be published this morning which could have an impact on the direction Sterling will take should expectations be missed. Currently CABLE is trading at 1.6665 off the yearly high of 1.6822. Eurozone figures released later in the week to watch out for include the German Unemployment figures tomorrow and the Consumer Price Index on Thursday. EURUSD is currently trading at 1.3737. Recent unrest in Ukraine could be seen to explain the recent gain in Gold prices following bearish action. The shiny metal is trading at 1342 USD per ounce currently.

The FTSE100 was closed at 6832.36 up 1.86 or 0.03%while the DAX closed at 9714.80 up 15.45 points or 0.16%

US markets will see no major news releases until later in the week. New Home Sales figures today are expected to come in at the 400k mark, down from 414k last month. Crude Oil Stocks figures will also be released with USOIL currently trading at close to $102 per barrel. Later in the week we will see more US action following FED Chair Yellen’s speech on Thursday.

The DOW closed at 16179.66 down 27.48 points or minus 0.17%

Hope you all have a good day.