10.10.16

Good morning,

Japanese markets remain closed for the Health and Sports Day holiday today, with Canadians celebrating their Thanksgiving Day while Wall Street will remain shut for the Columbus Day holiday. GBPJPY trading at 127.76 at time of writing with the Brexit fueling the recent drop in Sterling against most pairs. The big move lower late last week has been attributed by some to a 'fat finger' where a massive sell order was placed on CABLE leading to a sharp decline in the pound. USOIL opened lower this week, trading at $49.55 at time of writing.

European markets will then be the main focus for traders today by default seeing as most others remain closed. Swiss Unemployment figures showed a better than expected result, with a 3.3% rate announced, down from 3.4% previously. EURCHF trading at 1.0941 at time of writing. German Trade Balance figures were out above expected numbers, with both exports and imports on the rise. Italian Industrial Output and the Euro Zone Sentix Investor Confidence will be on the agenda this session, as will the Greek Industrial Production and Consumer Price Index figures will be announced today. EURUSD trading at 1.1176 at time of writing.

I hope you all have a nice day.