Apr 28


  • BY:
  • April, 28th, 2014 8:15 +00:00

Good morning,

Most of Asian equity indices closed on negative territory and the Nikkei225 lost 141 points at 14,288 (-0.98%) and the Hang Seng in Hong Kong closed at 22,128.38 (-0.43%), down 99.15 points.  In China the Shanghai Composite underperformed other gauges and lost 33.03 points at 2,003.49 (-1.62%).In Europe stocks are positive and the Stoxx50 is at 3,158.71 (+0.38%), up 11.98 points. The FTSE100 in UK is  gaining 16.98 points at 6,702.67 (+0.25%).

Gold is up 25 cents at 1,304.16 $/oz (+0.04%) and Silver is trading at 19.67 $/oz (-0.33%). Crude Oil is up 70 cents after last week sharp drop. The commodity is trading at 101.30 $/barrel (+0.70%) and Natural Gas performance  is positive as well and is trading at 4.66 $/BTU (+0.22%).

If equities volatility has increased currencies still trading on average in a narrow range, probably waiting for a catalyst that could kick off momentum trading strategies. EurUsd is up 34 pips at 1.3868 (+0.25%) and UsdJpy is up 5 pips at 102.22 (+0.05%). GbpUsd made an important breakout and the pair is trading at 1.6847 (+0.26%), up 43 pips.  The Swiss Franc is gaining ground against the US dollar and UsdChf is trading at 0.8786 (-0.36%), down 31 pips.

The European session will be poor of macro data and the most relevant data of the day will be the US Pending Home Sales at 14:00 GMT.