During today’s early trading session, Asian markets were slightly higher after a stronger Dollar weakened the Yen, however, gains were limited as Chinese data showed a decline in imports and exports during the month of January. Following the speech by Reserve Bank of Australia Governor Glenn Stevens, The AUD strengthened against a basket of major currencies after he spoke about growing trade and closer ties with China.

European stocks traded lower today as concerns over Greece continue to weigh down on sentiment. On Sunday the Greek Prime Minister Alexis Tsipras stated that the nation would not settle with the terms of its old bailout agreement.

During early US trade, the Dollar remained supported after US jobs data on Friday showed that the number of people employed during the previous month had risen by 257,000, above the expected figure of 234,000. The positive NFP result could influence the US Federal Reserve to raise interest rates sooner than expected. Later today, FOMC member Powell will be speaking, traders will listen very closely for clues regarding future monetary policy.

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During today’s early trading session, Asian markets traded higher after the price of oil rebounded. Following the Reserve Bank of Australia’s Monetary Policy statement, the AUD rose after officials signaled the economy will continue to grow at a moderate pace.

European stocks traded lower today after Germany released negative data showing the Industrial Production rose just 0.1%, below the expected figure of 0.4%. European markets continued to fall after the US released the Non-farm Payrolls showing the number of people employed had risen to 257,000, higher than the expected figure of 234,000.

During early American trade the US released the higher than expected Non-farm Payrolls, this data strengthened the Dollar against a basket of major currencies and pushed down the price of precious metals. The positive NFP results could influence the US Federal Reserve to raise interest rates sooner than expected. Gold is currently trading below $1,245/ounce.

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During Today’s early trading sessions, Asian markets traded lower despite upbeat earnings reports from Toyota and Sony.

European stocks are trading slightly lower today after concerns over Greece re-emerged. The European Central bank stated it would no longer accept Greek bonds as a means for banks seeking funds.

During early American trade the US released mixed data showing better than expected figures for Initial Jobless claims and Unit Labor costs, however, the Trade balance and Nonfarm Productivity came out negative. US stocks are slightly up as the price of oil gains ground after Chinas central bank said it is to increase liquidity into the economy. 

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During Today’s early trading session, Asian markets traded higher after Mitsubishi UFJ Financial Group’s strong report pushed up shares.

European stocks are trading lower today as concerns over Greece’s political situation continue to affect market sentiment, despite the hopes for a new Greek debt swap deal.

During early American trade, the US released mixed data showing a sharp decline in ADP nonfarm Employment change to 213k, below the expected figure of 225k, however, a positive ISM Manufacturing PMI showed a higher reading of 56.7. US stocks are slightly trading lower ahead of Fridays Nonfarm Payrolls release, however, losses are limited as oil prices stabilize.

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On Friday, the EUR/USD dropped after data released in the Eurozone showed that the yearly CPI fell by 0.6%. Analysts had expected an annual decline of 0.5%. During today’s early trading sessions, the pair rebounded after Friday’s decline. This comes as traders remain cautious over Greece’s future as a member of the European Union. Investors should now keep their eye on a number of data releases tomorrow, including the Spanish unemployment change.

On Friday, the Dollar weakened against the Yen after U.S. data showed that the last quarterly Gross Domestic Product grew by 2.6%, lower than the expected figure of 3.0%.

By the close of Fridays U.S. trading session, Gold had rallied to $1.284/ounce after data releases from the U.S. showed that the economy grew by 2.6%. A weaker Dollar boosts the usually safe haven metal appeal. Today, the price of Gold declined after negative data from China showed that the Manufacturing Purchasing Managers Index dropped to its lowest level in two years.

U.S markets ended lower on Friday and posted losses for the month. The number was very disappointing and suggested that the economy is decelerating. If data continues in this way, this would reduce the chance that the Fed would increase interest rates in June.

Asian markets declined across the region.

European markets are mixed today.

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U.S markets climbed as jobless claims plunged, showing further improvement in the labour market. Initial Jobless claims dropped to 265,000, much lower than the expected 300,000 and Continuing Jobless Claims dropped to 2,385K, below the expected 2,420k. In addition, oil prices rebounded and climbed back up to $45/barrel, boosting energy shares.

Asian markets were mixed today. The Nikkei climbed 0.39% despite the Yen strengthening against the dollar.

European markets are lower today after European CPI missed expectations and declined by 0.6%.

Oil dropped to a 6 year low following an inventory report from the EIA. The report showed that supplies in the U.S climbed by 9million barrels over the past week, much above the expected increase of 4.2 million barrels. Yesterday, however, the price rebounded upwards and is currently trading around $45/barrel. As fundamentals remain weak we do not expect this bullish sentiment to continue.

Gold dropped further following the release of strong labour data in the U.S. The price has since climbed upwards but is still leaning towards the worst week in 2 months. Traders should watch GDP data which will be released at 1.30 PM (GMT).

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