Aug 26


  • BY: Nati
  • August, 26th, 2015 9:09 +00:00

Good morning,

Reserve Bank of Australia’s Governor Glenn Stevens where he emphasized sustainable growth, noting that economic growth had been sub-par for too long and the challenge was to move away from short term political and monetary fixes. AUDUSD trading at 0.7116 Japanese Corporate Service Price figures rose by 0.6% above the 0.4% rise that had been expected. USDJPY trading at 119.45 New Zealand Trade Balance figures declined, with NZDUSD trading at 0.6495 at time of writing.

The NIKKEI closed at 18376.83 gaining 570.13 points or 3.20%

A quiet day expected in Europe by way of data releases, with the UBS Consumption Indicator out of Switzerland starting off the session, followed by Swedish Trade Balance and Consumer Confidence figures. EURCHF trading at 1.0831 while USDSEK trades at 8.3802 Following on from these figures we will see Norway’s Labour Force Survey for June and the BBA Mortgage Approvals figures for July out of the United Kingdom. EURGBP trading at 0.7334

The FTSE100 was trading at 5996.95 while the DAX was trading at 10019.65 early in the session.

Across the Atlantic today we will see July’s Durable Goods Orders figures. The markets have dropped, as have the price of USOIL which now trades at $39.66 per barrel. This has led market expectation of a FED rate hike in the next month to drop from 50% probability to just 20%. EURUSD trading at 1.1474 The MBA Mortgage Applications figures will also be out today. Looking ahead to the rest of the week the Jackson Hole Symposium takes place over the coming days. GDP and Jobless figures coming tomorrow as well.

The DOW closed at 15666.44 following yesterday’s session, dropping 204.91 points or minus 1.29%

I hope you all have a nice day.