23 Jul 2013
Session Recap: USD extends the downside; China stocks spike
FXstreet.com (Barcelona) - In a session with no risk events at all, the USD maintained the steady selling bias trading to as lows as 82.12 last for the DXY spot index, with EUR/USD printing session highs at 1.3207, AUD/USD at 0.9285, and Cable at 1.5378, while USD/JPY posted session lows at 99.12.
Oil has been quiet around the $107 mark following NY sell-off from around the $108.5s after lower than expected US housing data, while Gold has also been steady around the $1335 level, with Silver easing below the $20.50 mark. US equity futures are currently trading at fresh session and all time highs, shy of the 1700 handle for the SP500.
All local share markets traded higher today in the Asia-Pacific with no exception, although mainland China did it above the rest, with Hong-Kong's Hnag-Seng and Shanghai Composite both above +2% gains. The Nikkei index climbed a +0.77%, while Korean Kospi did so a +1.15%.
Main headlines in the Asian Session:
New Zealand PM Key: Rapid house price rises may force Reserve Bank of New Zealand response
More on Bloomberg’s survey: Fed Seen Tapering QE in September by Half of Economists Surveyed
Bank of Japan stands ready to inject further stimulus
Gold squeezes the bears hard as prices up over 3% at 1,336
USD/JPY bottoms out at 99.20 region
China Premier says China GDP growth bottom line is 7%
Japan’s economy minister Amari: Says economy is steadily picking up
Japan official – Kuroda says BOJ to maintain easing stance
Japan upgrades its economic outlook for a 3rd straight month
Oil has been quiet around the $107 mark following NY sell-off from around the $108.5s after lower than expected US housing data, while Gold has also been steady around the $1335 level, with Silver easing below the $20.50 mark. US equity futures are currently trading at fresh session and all time highs, shy of the 1700 handle for the SP500.
All local share markets traded higher today in the Asia-Pacific with no exception, although mainland China did it above the rest, with Hong-Kong's Hnag-Seng and Shanghai Composite both above +2% gains. The Nikkei index climbed a +0.77%, while Korean Kospi did so a +1.15%.
Main headlines in the Asian Session:
New Zealand PM Key: Rapid house price rises may force Reserve Bank of New Zealand response
More on Bloomberg’s survey: Fed Seen Tapering QE in September by Half of Economists Surveyed
Bank of Japan stands ready to inject further stimulus
Gold squeezes the bears hard as prices up over 3% at 1,336
USD/JPY bottoms out at 99.20 region
China Premier says China GDP growth bottom line is 7%
Japan’s economy minister Amari: Says economy is steadily picking up
Japan official – Kuroda says BOJ to maintain easing stance
Japan upgrades its economic outlook for a 3rd straight month