29.10.14

Good morning,

Asian markets saw Japanese Industrial Production figures for September surpass expectations, with a monthly increase of 2.7% against 2.2% expected, up from -1.9% in August. USDJPY trading at 107.98 Foreign Investment figures are due from Japan in the next 24 hours. The Reserve Bank of New Zealand will publish their Interest Rate decision, which is expected to be released unchanged at 3.5% NZDUSD trading at 0.7940

The NIKKEI was trading at 15553.91 up 224.00 points, an increase of 1.46% this session so far.

In Europe the Norwegian Retails Sales figures for September are due out this morning USDNOK trading at 6.6508. Earlier we saw Swedish Consumer Confidence for the month of October along with Spanish Retail Sales figures, which were up by 1.1% in September from 0.4% a year previously. The Hungarian Unemployment figure now stands at 7.4%, down from 7.6% previously. EURHUF trading at 308.59 British Consumer Credit and Mortgage Approval figures for September are due for publication this morning. EURGBP trading at 0.7893 at time of writing.

The FTSE100 was trading at 6427.35 while the DAX was trading at 9118.49 both up from the closing price yesterday.

The US today will await the FED Interest Rate decision and traders will also take in the bond buying rate should it be tapered further. The Monetary Policy Statement will be scrutinized for any perceived change in policy going forward or clues as to what the FED will focus their attention on going forward. EURUSD trading at 1.2728 while CABLE is trading at 1.6127 The Interest Rate is expected to remain at 0.25% for now.

The DOW closed at 17005.75 gaining 187.81 points or 1.12% yesterday.

Hope you all have a nice day.