26.09.14

Good morning,

Japanese Consumer prices rose 3.3% in August, down from a year earlier, when the reading was 3.4%. Tokyo’s Consumer Price Index was up to 2.9% from 2.8% previously. USDJPY was trading at 108.91 at time of writing. Early next week the updated Unemployment Rate is due out which is currently at 3.8% AUDUSD is trading at 0.8776 at time of writing. NZDUSD was trading at 0.7910 the lowest level since September 2013

The NIKKEI was trading at 16229.86 down 144.28 points, or minus 0.88%

This session in Europe has seen Gfk Consumer Confidence Survey results for October with a reading of 8.3 down from 8.69 previously and below the forecasts. French Consumer Confidence figures were out at 86 which saw no change as had been expected. Hungarian Unemployment has dropped to 7.6% from 7.9% EURHUF is trading at 311.17 at time of writing. Looking ahead to next week, we will see CPI figures from the Euro Zone and German unemployment figures on Tuesday, while the ECB Interest Rate decision will be announced Thursday.

The FTSE100 was trading at 6620.71 while the DAX was trading at 9478.03

US Markets today await the Gross Domestic Product result for the second quarter. Personal Consumption Expenditures are also out this session, as are the Reuters/Michigan Consumer Confidence Sentiment Index EURUSD has been trading at 1.2750, with a yearly low printed this week at 1.2697 a level not seen since November 2012.

The DOW closed at 16945.80 yesterday, down 264.26 points for the session. A decline of 1.54%

Hope you all have a nice weekend.