29.05.14

Good morning,

Japanese retail figures came in lower than expected in April although the Yen was not affected too badly on the figures, possibly due to the increase in the retail sales tax being priced in once it had been announced late last year. USDJPY was trading at 101.70 this morning Australian dollar rose significantly against the USD yesterday, although the NZD, which is usually correlated, failed to follow. AUDUSD was trading at 0.9285 while NZDUSD was at 0.8482

The NIKKEI was trading at 14681.72 up 10.77 points, or 0.07%

No data of note due in the Euro Zone today, with Spanish GDP figures out slightly below expectations at 0.5% against 0.6% expected. Ascension Day is observed in France, Germany and Switzerland today so markets will remain closed. EURUSD was trading at 1.3593

The FTSE100 closed at 6851.22 up 6.28 points or 0.09% while the DAX closed at 9951.89 up 12.72, an increase of 0.13%

The US GDP figures along with the jobless figures are the main event this session. CABLE over the recent days has seen the Pound lose ground against the Dollar to currently trade at 1.6705 Oil and Gas figures will be released following, with USOIL trading at $102.70 at time of writing. Canada will follow tomorrow with GDP figures of their own; currently USDCAD is trading at 1.0859

The DOW closed at 16633.18 yesterday, down 42.32 points or -0.25%

Hope you all have a good day.