29.09.14

Good morning,

Aussie and Kiwi Dollar both have fallen significantly over the past number of sessions. AUDUSD is trading at a level not seen since January, currently trading at 0.8719 NZDUSD is trading at 0.7763 an area not seen since last September. This week we will see August Retail Sales figures for Australia. Japanese Unemployment figures are out in the next 24 hours, the rate is expected to remain unchanged at 3.8% with USDJPY trading at 109.60

The NIKKEI was trading at 16310.64 up 80.78 points or 0.50% up from Friday’s close.

European Markets today saw improved Spanish Retail Sales this morning, but it would take something more than this to halt the Euro’s slide. EURUSD is trading at 1.2681 hitting a low not seen since November 2012 earlier this session. Today we will see CPI data from Germany. The European Central Bank’s Interest Rate decision is eagerly awaited this week with the rate expected to remain unchanged at 0.05% when it is announced during Thursday’s session. Tuesday will see the updated German Unemployment figures.

The FTSE100 was trading at 6616.41 while the DAX was trading at 9446.73 both down about half of one percent.

The American markets will see a relatively quiet start to the week on the data releases today. Personal Spending figures and Pending Home Sales figures are among the more eagerly anticipated numbers of the day. Canadian Gross Domestic Product for August is due out tomorrow. USDCAD has been on the rise with the current level at 1.1152 EIA Oil Storage will be out Wednesday with USOIL currently trading at $92.80 per barrel. GOLD was trading at $1220 per ounce at time of writing. Non-Farm Payrolls and the US Unemployment Rate are out on Friday. Unemployment is expected to remain at 6.1%

The DOW closed at 17113.15 on Friday, up 167.35 points or 0.99% for the session.

Hope you all have a good week.