During today’s early trading session, Asian markets traded higher after Japan released the figures for industrial production, despite the figure being lower than expected, the data showed a 0.8% growth. The Nikkei share average was up by 0.5% and closed at 18,004, its highest level in 8 years. Following the release of positive data from New zealand, the NZD traded higher against the Dollar and is now testing resistance at 0.752. The Core Retail sales and Retail sales showed better than expected figures for the last quarter.
During the European trading session, volatility is low as traders remain cautious over the debt situation in Greece. The current €240 Billion Bailout agreement is due to expire on February 28th, if no compromise is reached by that date then it could cause the nations exit from the EU. The Euro remains supported above 1.138 against the Dollar after the Eurozone released data showing more goods and services were exported than imported.
Today, U.S. and Canadian markets are closed due to Washington’s birthday and Canada Family day. Therefore, there are no important economic events today. Volatility should pick up tomorrow and traders should await the release of tomorrows NY State Manufacturing Index, TIC Net Long Term transactions, furthermore, FOMC member Plosser will be speaking regarding future monetary policy.
February 13, 2015- Daily Market News
During today’s early trading session, Asian markets traded higher after Japan released the figures for industrial production, despite the figure being lower than expected, the data showed a 0.8% growth. The Nikkei share average was up by 0.5% and closed at 18,004, its highest level in 8 years. Following the release of positive data from New zealand, the NZD traded higher against the Dollar and is now testing resistance at 0.752. The Core Retail sales and Retail sales showed better than expected figures for the last quarter.
During the European trading session, volatility is low as traders remain cautious over the debt situation in Greece. The current €240 Billion Bailout agreement is due to expire on February 28th, if no compromise is reached by that date then it could cause the nations exit from the EU. The Euro remains supported above 1.138 against the Dollar after the Eurozone released data showing more goods and services were exported than imported.
Today, U.S. and Canadian markets are closed due to Washington’s birthday and Canada Family day. Therefore, there are no important economic events today. Volatility should pick up tomorrow and traders should await the release of tomorrows NY State Manufacturing Index, TIC Net Long Term transactions, furthermore, FOMC member Plosser will be speaking regarding future monetary policy.
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