30.07.14

Good morning,

Japanese data released earlier this session was below expectations on a month on month basis, down 3.3% for the month of June a greater fall than had been expected. USDJPY was trading at 102.17 The next Japanese figures due out will be the foreign investment figures for July. New Zealand Building Permits awarded increased by 3.5%, Australian building data is expected out in the next 24 hours.

The NIKKEI was trading at 15646.23 up 28.16 points, an increase of 0.18% so far.

European figures this morning saw an improvement in Spanish GDP, with Swedish GDP remaining at 1.9% year on year. In a short time European Economic Sentiment Indicator for July is expected to gauge the outlook for the Eurozone, before the important German harmonized consumer price index announcement. Expected to fall slightly from previous readings, year on year, to 0.8% from 1.0%

The FTSE100 was trading at 6808.10 while the DAX was trading at 9651.42

The main data releases today are the important US GDP figures, and the FED Interest Rate decision. The markets remained relatively quiet up to this point in anticipation, with all eyes expected to be focused on the FED decision in particular.  Thursday will see little by way of important US data, whereas on Friday we await the Non-Farm Payrolls numbers. EURUSD was trading at 1.3403 reaching a yearly low this session.

The DOW closed at 16912.11 down 70.48 points, a loss of 0.42%

Hope you all have a nice day.