22.07.15

Good morning,

Australian figures released in the early Asian session saw figures mostly in line with expectations. Second quarter Consumer Price Index figures were slightly lower than expected. AUDUSD trading at 0.7423 The Interest Rate Decision is announced by the Reserve Bank of New Zealand in the coming hours. The rate currently set at 3.25% NZDUSD trading at 0.6623 Japanese figures in the coming 24 hours will include foreign investment in stocks and bonds for July, and May’s Merchandise Trade Balance. USDJPY trading at 123.78

The NIKKEI closed at 20593.67 dropping 248.30 points or minus 1.19%

In Europe today Greece will hold a vote in parliament on the second package of measures demanded by international creditors to open talks on a new bailout deal. Greek Prime Minister Tsipras has seen a drop in support by members of his Syriza party for the measures. EURUSD trading at 1.0934 Italian Industrial figures, and Retail Sales figures for May out this session. The Bank of England voting figures are due out this session, with speculation as to a UK rate rise on the up. Inflation Report Hearings released 30 minutes after the vote numbers.

The FTSE100 was trading at 6714.84 while the DAX was trading at 11529.64 both in the red early in the session.

Across the Atlantic today we will see Existing Home Sales figures for June, the Housing Price Index for May and MBA Mortgage Applications from the US. Looking ahead to tomorrow Canadian Retail Sales figures for May are due out, and a 0.5% growth figure is forecast. USDCAD trading at 1.2970 EIA Crude Oil Stocks change figures out this session. USOIL trading at $50.25

The DOW closed at 17919.29 following yesterday’s trading for a loss of 181.12 points down 1.00%

I hope you all have a nice day.