May 27


  • BY: Nati
  • May, 27th, 2014 7:35 +00:00

Good morning,

The Asian markets saw a lower volume than usual yesterday due to the holidays in the US and the UK. There was no major data released in the region yesterday, but Bank of Japan’s Governor Kuroda is due to speak following today’s session. Australia will release Westpac Leading Index and construction figures and New Zealand will release ANZ’s Activity Outlook data. AUDUSD was trading at 0.9263 with NZDUSD trading at 0.8561

The NIKKEI closed at 14636.52 gaining 34.00 points or 0.23%

European Parliament elections took place over the weekend, and the vote in Italy and Germany affirmed the population’s support in the EU. The result is attributed to some to the opening higher of the tow respective stock indices opening higher, with the DAX reaching record highs. EURGBP was trading at 0.8090 with CABLE trading at 1.6880

The DAX is closed at 9892.82 gaining 124.81 points, up 1.28%

Following the Memorial Day holiday yesterday, markets in the US will reopen with Durable Goods data, followed by consumer confidence and Markit PMI data. EURUSD is currently trading at 1.3651 GOLD has been on the offer so far this session dropping nearly $10 an ounce to trade at $1283 at time of writing.

Hope all have a good day.