28.08.14

Good morning,

Today’s session in Asia saw Indices declines on the major markets. USDJPY is trading at 103.80 at time of writing, after last week’s USD strength took us up from 102.32 at the outset. The big Japanese news in the coming 24 hours will include the updated Unemployment Rate, which is expected to remain unchanged at 3.7% and the National Consumer Price Index for July. AUDUSD made some gains this week to currently trade at 0.9358

The NIKKEI was trading at 15459.86 down 74.96 points, or minus 0.48%

European data of note include the German Unemployment data for August, which is expected to remain at 6.7% Italian Retail Sales figures for June are out this session, before German Consumer Price Index data for Germany later this European session. Looking ahead towards tomorrow’s session the Euro Zone CPI data for August will be released, as will the Unemployment Rate for the area. EURGBP was trading at 0.7964 at time of writing.

The FTSE100 was trading at 6830.66 while the DAX was trading at 9569.71

US Gross Domestic Product figures are expected to increase to 4.0% for the second quarter when figures are published this session. Jobless Claims figures are also out this session, and Greenback strength has seen EURUSD trade at 1.3207 at time of writing reaching a yearly low of 1.3153 during yesterday’s session. Canadian GDP figures are due out Friday, and USDCAD was trading at 1.0856 at time of writing. GOLD is currently priced at $1288 per ounce.

The DOW closed at 17122.01 yesterday.

Hope you all have a good day.