Bouncing equities in Asia

FXstreet.com (Chicago) – Economic data releases in China last Saturday revealed a stronger industrial production at 10.3%. Inflation came in at 3.2% vs. expected results at 3.3% and prior results at 3.5%. In the US the NFP results surprised very positively after beating expectations and generating a bullish sentiment among market participants.

At the moment, Asian equity markets print mixed results with the Nikkei up 1.24%, the Australian S&P/ASX 200 down 0.22%, the Shanghai Composite down 0.21%, the Hang Seng up 0.11%, the Korean Kospi up 0.08%, the Indonesian ISX down 0.82% and the Indian S&P CNX Nifty and Sensex both down 0.75%.

Nov 11, 2013

Flash: NZD/USD H&S has potential for 0.7850 - BBH

The New Zealand dollar is particularly interesting from a technical perspective, according to Marc Chandler, Global Head of Currency Strategy at BBH, saying that "the US dollar has carved out a potential head and shoulders pattern, with a convincing break of the $0.8200 neckline suggesting potential toward $0.7850."

Flash: EM FX at the mercy of the Fed - Rabobank

Currencies from emerging markets will remain at the mercy of the Fed monetary decisions in Q4 2013 and early next year, according to Christian Lawrence, FX Strategist at Rabobank.