28.10.14

Good morning,

Japanese Retail Trade figures surpassed expectations when a 2.3% increase was printed, above the 0.6% growth that had been expected. It seems the Sales Tax raise is beginning to be shrugged off. USDJPY trading at 107.84 at time of writing. Industrial Production figures are due out in the next 24 hours for the world’s third largest economy. Looking ahead to Wednesday night/Thursday morning the Reserve Bank of New Zealand’s Interest Rate decision is due out, with expectations of an unchanged 3.5% priced in with NZDUSD trading at 0.7899

The NIKKEI was trading at 15329.91 down 58.81 points or minus 0.38%

Today will see Retail Sales figures, the updated Producer Price Index and the Riksbank Interest Rate decision all take place in Sweden. USDSEK trading at 7.29 half an hour before the data release. The other news from Europe today will include Italian Business Confidence and the Hungarian Interest Rate decision. EURHUF trading at 309.10 at time of writing. Thursday and Friday will provide German and Euro Zone Consumer Price Index data respectively.

Yesterday the FTSE100 closed at 6363.46 down 25.27 points for a loss of 0.40% while the DAX closed at 8902.61 down 85.19 points or minus 0.95%

US markets today will see the Durable Goods Orders for September along with Consumer Confidence for October. EURUSD trading at 1.2696 while USDCHF trades for 0.9488 Canadian markets will remain relatively quiet this week with only data of minor importance released tomorrow, before the GDP figures are released on Friday. USDCAD trading at 1.1228. The FED takes their Interest Rate decision tomorrow, with rates expected to remain at 0.25%

The DOW closed yesterday’s session at 16817.94

Hope you all have a nice day.