26.08.14

Good morning,

New Zealand data disappointed overnight, leading to the NZD losing ground against the USD to currently trade at 0.8345 The Trade Balance was up slightly at NZD$1.29B, but below the NZD$1.49B expected. USDJPY was trading for 103.86 at time of writing.

The NIKKEI was trading at 15521.22 down 92.03 points, a decline of 0.59% from the close yesterday.

The European markets will today see little data of note, while the Italian Consumer Price Index and British BBA Mortgage Approvals are due out early this session. EURGBP was trading at 0.7967 while EURUSD was trading for 1.3210 Thursday will see German Unemployment and Consumer Price data releases, which will be watched closely by Euro investors.

The FTSE100 closed at 6775.25 while the DAX closed at 9510.14, up 170.97 points, an increase of 1.83% for the session.

US Durable Goods Orders for July are expected to increase by 7.5%, up from 1.7% previously. A miss of expectations could hit USD performance. Consumer Confidence data for August is expected to be released later this session. Thursday will see US GDP figures, and forecasts of a 4.0% increase have been put forward. Friday will see Canadian Gross Domestic Product figures, and the USDCAD pair is currently trading for 1.0970

The DOW closed at 17076.87 up 75.65 points for the session, an increase of 0.44%

Hope you all have a good day.