31.07.14

Good morning,

Japanese markets today saw the Industrial Output for June at the lowest level since the Tsunami and earthquake in March 2011. USDJPY was trading at 102.85 at time of writing. During this session we saw the FED taper help the USD gain ground against most pairs, that and the Industrial Output data both attributed to the move yesterday in the currency pair by around 80 pips.

The NIKKEI was trading at 15620.77 down 25.46 points, a decrease of 0.16% from yesterday's close.

European data due out today will include the Italian and Eurozone Unemployment rates. Expectations for an unchanged 11.6% rate in the Euro area, if missed, could cause movement in the common currency along with the important Consumer Price Index announcement at the same time. The CPI is expected to maintain a 0.5% growth rate. EURUSD was trading just below 1.34 this session, with today's figures expected to give some further clarification as to which side of this level prices are likely to head for.

The FTSE100 was trading at 6768.88 while the DAX was trading at 9509.99

US markets followed the FED continue its' taper yesterday, while leaving the base rate at 0.25% The USD gained ground against most with the Non-Farm Payrolls on Friday now eyed. "Labour market conditions improved, with the unemployment rate declining further;" said the FED statement. However they also said that they are in no rush to raise the interest rate. GOLD was trading at $1295 per ounce at time of writing.

The DOW closed at 16880.36, down 31.75 points or minus 0.19%

Hope you all have a good day.