27.06.14

Good morning,

Japanese Yen gained ground following the announcement of a 3.5% unemployment rate, the lowest level in sixteen years. USDJPY fell to 101.38 Going into the weekend there was further data from Japan which showed the National Consumer Price data come out mainly in line with expectations. New Zealand published Trade Balance figures below expectations, while Import and Export increased.

The NIKKEI was trading at 15095.00 down 213.49 or minus 1.39%

European markets will see GDP data from France, the Swiss KOF leading indicator and Euro Zone Consumer Confidence date releases this session. British GDP figures are expected out at 3.1% from 2.7% and CABLE could see high trading volume should expectations be missed, currently trading between the 1.70 and 1.7050 levels at 1.7021

The FTSE100 was trading at 6745.13 up slightly from the open, while the DAX was at 9807.62

A quiet day expected stateside with only a small amount of data due for release. Canada will publish Industrial Product Price and Raw Materials Index figures while the Reuters/Michigan measure of Consumer Sentiment will also be published going into the weekend. USDCAD has seen the Loonie strengthen from 1.1278 per USD in March to current levels of 1.0689 at time of writing. GOLD is trading at $1318 per ounce while USOIL is trading at $105.73

The DOW closed at 16846.13 down 21.38 points or -0.13%

Hope you all have a good weekend.