Jan 31


  • BY: Nati
  • January, 31st, 2014 8:51 +00:00

Good morning,

Asian markets see the Nikkei fall below fifteen thousand again after finding support just below on the 28th. Positive Housing Starts and Construction Orders figures see the JPY gaining following the release. USDJPY is currently trading at 102.55 with a high of 102.93 and a low of 102.33. Heading into the weekend and the Chinese New Year, and next week we will see the Reserve Bank of Australia Interest Rate decision, will there be any change from 2.5%?

The NIKKEI was trading at 14914.53 down 92.53 points or minus 0.62%

Europe awaits Consumer Price Index figures this morning, with expectations that there will be an improvement on the 0.7% Core figure. A positive result could see EUR gains. The Euro-Zone Unemployment rate stands at 12.1% and the updated rate is also out at this time. It is expected to remain unchanged. EURUSD was trading at 1.3557 with a high of 1.3559 and a low of 1.3532.

The FTSE100 closed at 6537.45 down just 1.00 point or minus 0.02% while the DAX closed at 9342.89 down 30.59 points or minus 0.33%

In the US today, following the expected tapering earlier in the week, we see the release of personal spending figures while Canada publishes their GDP. USDCAD was trading at 1.1186, the highest level since 2009. Gold sold off yesterday, and is currently trading at 1239 dollars per ounce.

Hope you all have a good weekend.