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5 Jun 2013
Session Recap: USD/JPY back below 100; Australia GDP disappoints
FXstreet.com (Barcelona) - A positive start for USD in early Asia-Pacific in the back of hawkish statements from Fed Fisher has turned into pretty heavy selling in second part of the session after Tokyo lunch break when Japan PM Abe was giving a speech. USD/JPY is back below the big 100 mark down to fresh session lows around 99.60.
EUR/USD is near session highs at 1.3090, and AUD/USD in the middle of the session range at 0.9640 following disappointing domestic data in Australia, including GDP missing estimates of +2.7% increase y/y posting a final +2.5%, down from previous at 3.1%. Aussie printed a fresh session low after the news at 0.9602 USD. Slightly better than expected HSBC PMI services in China at 51.2 vs 51.1 helped a bit the Aussie bid case.
Local share markets are all in the heavy read with no exception but the Shanghai Composite that only loses -0.08% at the moment. Nikkei index is down -1.88%, Australian ASX -0.99%, Korean Kospi -1.01%, and Hang-Seng -1.03%. US equity futures remained unchanged, while Gold spiked to fresh session highs at $1407 from session lows below the $1400 mark, and Oil showed some weakness below the $93.5 level.
Main headlines in the Asian Session:
EUR/USD is unable to break above 1.3100 and closes at 1.3080
IMF Chief doesn’t rule out Greece tapping debt markets in 2014
AUD/USD unable to maintain ground above 0.9700
Kiwi consolidating losses below .8050
Australia May AiG Performance of Services Index decreases to 40.6 vs 44.1
Federal Reserve’s Fisher: US economy moving forward at ‘near stall speed’
Sweden’s central bank adds Australian bonds to its reserve pile
EUR/JPY dealing around the 131 figure
Commodities Brief: Precious metals continue range bound behavior
New Zealand ANZ Commodity Price falls to -1.6% in May from 12.6%
Australia Q1 GDP +2.5% y/y (vs. +2.7% expected)
Australia Gross Domestic Product (YoY) declines to 2.5% in 1Q from 3.1%
China May HSBC China Services PMI increase to 51.2 vs 51.1
AUD/NZD breaks 1.2000, sellers discover new downside potential
AUD/JPY searching for bids near 96.00
USD/JPY plummets below 100 again
EUR/USD is near session highs at 1.3090, and AUD/USD in the middle of the session range at 0.9640 following disappointing domestic data in Australia, including GDP missing estimates of +2.7% increase y/y posting a final +2.5%, down from previous at 3.1%. Aussie printed a fresh session low after the news at 0.9602 USD. Slightly better than expected HSBC PMI services in China at 51.2 vs 51.1 helped a bit the Aussie bid case.
Local share markets are all in the heavy read with no exception but the Shanghai Composite that only loses -0.08% at the moment. Nikkei index is down -1.88%, Australian ASX -0.99%, Korean Kospi -1.01%, and Hang-Seng -1.03%. US equity futures remained unchanged, while Gold spiked to fresh session highs at $1407 from session lows below the $1400 mark, and Oil showed some weakness below the $93.5 level.
Main headlines in the Asian Session:
EUR/USD is unable to break above 1.3100 and closes at 1.3080
IMF Chief doesn’t rule out Greece tapping debt markets in 2014
AUD/USD unable to maintain ground above 0.9700
Kiwi consolidating losses below .8050
Australia May AiG Performance of Services Index decreases to 40.6 vs 44.1
Federal Reserve’s Fisher: US economy moving forward at ‘near stall speed’
Sweden’s central bank adds Australian bonds to its reserve pile
EUR/JPY dealing around the 131 figure
Commodities Brief: Precious metals continue range bound behavior
New Zealand ANZ Commodity Price falls to -1.6% in May from 12.6%
Australia Q1 GDP +2.5% y/y (vs. +2.7% expected)
Australia Gross Domestic Product (YoY) declines to 2.5% in 1Q from 3.1%
China May HSBC China Services PMI increase to 51.2 vs 51.1
AUD/NZD breaks 1.2000, sellers discover new downside potential
AUD/JPY searching for bids near 96.00
USD/JPY plummets below 100 again