Back
2 May 2013
Session Recap: USD resumes the recovery; Soft local data disappoints
FXstreet.com (Barcelona) - The USD has continued the initial recovery started after the FOMC taking EUR/USD to session lows at 1.3166, AUD/USD to 1.0240, GBP/USD to 1.5538, and NZD/USD to 0.8480, while USD/JPY to session highs at 97.40, and USD/CHF to 0.9282.
Local share market all reopened again after several days of being closed over holiday, showing loses across the board, lead by Australian ASX down -0.71%. Gold has eased slightly to above $1450, while Oil is printing fresh session highs barely below the $91 mark.
In the data front, Japan came in with a +23.1% increase year on year of its monetary base on route of the +40% planned increase, with BoJ minutes released saying the board see signs of economic recovery, while in Australia Building approvals dipped -5.5%, at the worst rate for the year. For China, final HSBC manufacturing PMI also disappointed to the downside coming in at 50.4 when 50.6 was expected, and 50.5 was previous figure.
Asian markets re-open today
Forex: EUR/USD closes its fourth day of gains but remains below 1.3200
Forex: USD index finds an ally on FOMC
Commodities Brief: Metals counter trend rally fizzles out as risk assets stumble
Forex: AUD/CAD finishes sharply lower as risk assets stumble
BoJ minutes: economy shows signs of picking up
Forex: EUR/JPY remains quiet as range bound behavior continues
Forex: AUD/JPY edges lower during Asia trade, unable to hold 100.30
Final HSBC China PMI at 50.4 vs 50.5
Forex: AUD/USD continues to lose ground in Asia session
Forex: GBP/USD - Another day of gains, but unable to take out 1.5600 resistance
Forex: EUR/AUD completes “bull flag” pattern on daily chart, targets 1.3050
Local share market all reopened again after several days of being closed over holiday, showing loses across the board, lead by Australian ASX down -0.71%. Gold has eased slightly to above $1450, while Oil is printing fresh session highs barely below the $91 mark.
In the data front, Japan came in with a +23.1% increase year on year of its monetary base on route of the +40% planned increase, with BoJ minutes released saying the board see signs of economic recovery, while in Australia Building approvals dipped -5.5%, at the worst rate for the year. For China, final HSBC manufacturing PMI also disappointed to the downside coming in at 50.4 when 50.6 was expected, and 50.5 was previous figure.
Asian markets re-open today
Forex: EUR/USD closes its fourth day of gains but remains below 1.3200
Forex: USD index finds an ally on FOMC
Commodities Brief: Metals counter trend rally fizzles out as risk assets stumble
Forex: AUD/CAD finishes sharply lower as risk assets stumble
BoJ minutes: economy shows signs of picking up
Forex: EUR/JPY remains quiet as range bound behavior continues
Forex: AUD/JPY edges lower during Asia trade, unable to hold 100.30
Final HSBC China PMI at 50.4 vs 50.5
Forex: AUD/USD continues to lose ground in Asia session
Forex: GBP/USD - Another day of gains, but unable to take out 1.5600 resistance
Forex: EUR/AUD completes “bull flag” pattern on daily chart, targets 1.3050