30.09.14

Good morning,

Asian markets have been distracted by the events in Hong Kong where protests are ongoing. USDJPY is currently trades at 109.36 with figures released overnight showing Construction Orders at 8.6% with housing starts down, although not as badly as had been expected. Chinese NBS Manufacturing Purchasing Managers Index figures for September are due out in the next 24 hours, with a reading of 51.2 expected, a slight on the 51.1 reading last time out. Chinese National Day holiday tomorrow and it extends to the weekend. AUDUSD is trading at 0.8751

The NIKKEI was trading at 16173.52 down 137.12 points for the session a drop of 0.84%

European markets today will see the Unemployment data from Germany, and also the Italian Unemployment rate. Both are expected to remain unchanged at 6.7% and 12.6% respectively. Euro Zone Consumer Price Index data is also due for release this session. EURUSD is trading at 1.2684 at time of writing. British GDP figures are also out this session with EURGBP trading at 0.7801 ECB Interest Rate announcement is due out on Thursday, and an unchanged rate of 0.05% is expected.

The FTSE100 was trading at 6642.01 while the DAX was trading at 9428.63

Canadian GDP for July is expected to fall to 0.2% from 0.3% in June. USDCAD has been trading at 1.1148 Today we will also hear Consumer Confidence from the United States for September. Forecasts have the figure as 92.5 up from 92.4 previously. GOLD is trading at $1216 per ounce this session. USOIL is trading at $94.71 per barrel with the EIA Crude Oil stocks change published tomorrow. Geopolitics could further influence the oil prices going forward, with the US led offensive against the loosely based Islamic State in the early stages in the important oil producing region.

The DOW closed at 17071.22 down 41.93 points for the session, a decline of 0.25% from the previous close.

Hope you all have a nice day.