8 Aug 2013
Flash: Global Daily - NA Open - Flash
FXstreet.com (Barcelona) - Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities draws attention to the general headlines before we move into NA open.
Key Quotes:
“Other than German trade data early in the morning and an earthquake warning in Japan issued in error (the quake did happen, but on a significantly lower magnitude than initially feared), both the Asian and the European fronts are fairly calm today”.
“Equity markets continue to be higher across the board despite negative overnight leads, though parts of SE Asia are closed in observance of the Muslim Hari Raya”.
“Turkey is also closed until next week”.
“Against this backdrop, the dollar remains weak to most currencies from both DMs and EMs today. At the time of writing, EUR/USD is higher at 1.3353, with strong showing of most EMFX in Asia and EMEA, as well”.
“We wait for the afternoon session to see whether Latam is to join the rebound today. Commodities are also taking a breather today, save crude oil on a mildly dovish footing (Brent $0.6 lower at $106.9pb, WTI $0.2 down to $104.1pb)”.
“Gold also seems to struggle to consolidate above $1290/oz. European yields roughly in line with yesterday levels, just a tad higher today. Looking ahead in the afternoon, the day is set to remain relatively quiet data wise”.
Key Quotes:
“Other than German trade data early in the morning and an earthquake warning in Japan issued in error (the quake did happen, but on a significantly lower magnitude than initially feared), both the Asian and the European fronts are fairly calm today”.
“Equity markets continue to be higher across the board despite negative overnight leads, though parts of SE Asia are closed in observance of the Muslim Hari Raya”.
“Turkey is also closed until next week”.
“Against this backdrop, the dollar remains weak to most currencies from both DMs and EMs today. At the time of writing, EUR/USD is higher at 1.3353, with strong showing of most EMFX in Asia and EMEA, as well”.
“We wait for the afternoon session to see whether Latam is to join the rebound today. Commodities are also taking a breather today, save crude oil on a mildly dovish footing (Brent $0.6 lower at $106.9pb, WTI $0.2 down to $104.1pb)”.
“Gold also seems to struggle to consolidate above $1290/oz. European yields roughly in line with yesterday levels, just a tad higher today. Looking ahead in the afternoon, the day is set to remain relatively quiet data wise”.