27.07.15

Good morning,

The weekend is over and the markets have reopened with very little by way of data release today in Asia. Japan’s Corporate Service Price rose by 0.4% in June, down from 0.6% last year. USDJPY trading at 123.52 Japan will see Retail Sales figures, foreign investment in stocks and bonds, Industrial Production figures and Vehicle Sales figures in the first half of this week. Asian stocks were down and a selloff in commodities deepened as a report showed China’s industrial profits declined. Industrial company profits decreased 0.3 percent year on year to June. The Shanghai Composite is down around 8.5% this session.

The NIKKEI closed at 20350.10 down 194.43 points or minus 0.95%

In Europe today German figures will include the Import Price Index for June and IFO figures for July. EURUSD trading at 1.1024 Euro Zone Money Supply and Private Loans data will also be out this session. Following will be the CBI Industrial Trends Survey from Britain. EURGBP trading at 0.7135 Later this week we will see Euro Zone Consumer Price Index figures for July and the Unemployment Rate for the economic area.

The FTSE100 was trading at 6559.31 while the DAX was trading at 11221.87 both in the red early in the session.

The US will see the important Durable Goods Orders figures for June, followed by the Dallas Fed Manufacturing Business Index. The FED Interest Rate decision will be announced during Wednesday’s session. USOIL continues to slide with the current price at time of writing $48.04 per barrel. USDCAD trading at 1.3000 while CABLE is trading at 1.5515. GOLD is after hitting a multiyear low last week of 1074 dollars per ounce. Today we see the precious metal trade at $1104 per ounce.

The DOW closed at 17568.53 last Friday.

I hope you all have a good week.