07.12.16

Good morning,

Australian Gross Domestic Product figures released overnight missed expectations in the third quarter. Year on year growth was out at 1.8% when a 2.3% rise had been priced in. AUDUSD trading at 0.7429 at time of writing. Japanese data released during the Asian session included the Coincident Index and the Leading Economic Index for October. USDJPY trading at 114.19 at time of writing.

European markets opened positively this morning with the GER30 headed for the 10900 level for the first time since late 2015. Industrial Production figures out of Germany were up on previous figures, although they still missed expectations. Finland's GDP was due out this session, with Industrial Production data scheduled in both Denmark and the Czech Republic. The Halifax House Prices data will be released in the UK before Manufacturing and Industrial Production figures will be released. GBPUSD trading at 1.2640 at time of writing.

Across the Atlantic today we await the Canadian Interest Rate decision, which market analysts predict will remain unchanged at 0.5% USDCAD trading at 1.3285 at time of writing. US Markets will see the JOLTS Job Openings survey for October, and the Consumer Credit Change figures for the same month today. The EIA Crude Oil Stocks change data will also be out this session, with USOIL priced around $50.60 per barrel at time of writing.

I hope you all have a nice day.