13 May 2013
Session Recap: USD extends gains; Gold takes a hit
FXstreet.com (Barcelona) - The USD resumed the upside today above the 102 level against the Yen, taking down AUD/USD to 0.9965 for session lows, and EUR/USD around the 1.2960. USD/JPY posted a fresh 5-year high at 102.15, while NZD/USD broke below the 0.8270 mark to a 7-week low.
Local share markets all traded in the red with the exception of the Nikkei index that printed yet another fresh 5-year highs above the 14800 points mark. US SP500 futures opened the week to the downside, with Hang-Seng down -1%, Shanghai -0.21%, Australian ASX -0.19%, and Kospi -0.01%. Gold sold off below the $1430 level, while Oil held above the $95 mark, coming from slightly below the $96.
In the data front, New Zealand food price index lowered -0.1% year on year, Japan M2 money supply only rose +3.3% above expectations of +3.1%, while Home loans in Australia posted a +5.2% increase on a monthly basis, the highest monthly increase since year 2009, way above expectations. NAB business confidence in Australia decreased to -2 though, to the lowest in 2013.
Main healines in the Asian Session:
Japan rests re-assured not labeled 'currency manipulator' by G7
Italian coalition government at risk, warns PM Letta
Forex: Hedge funds buy USD, trend may last - FXWW
Forex: EUR/USD gaps lower post G7 meetings
Forex: USD/JPY - 102.00 is history now, blue sky until 103.60
Forex: NZD/USD breaks below 0.8300
Nikkei continues to surge higher
Japan’s Suga: It is clear that the economy is coming out of deflation
Forex: EUR/JPY holding gains above 132.00
Local share markets all traded in the red with the exception of the Nikkei index that printed yet another fresh 5-year highs above the 14800 points mark. US SP500 futures opened the week to the downside, with Hang-Seng down -1%, Shanghai -0.21%, Australian ASX -0.19%, and Kospi -0.01%. Gold sold off below the $1430 level, while Oil held above the $95 mark, coming from slightly below the $96.
In the data front, New Zealand food price index lowered -0.1% year on year, Japan M2 money supply only rose +3.3% above expectations of +3.1%, while Home loans in Australia posted a +5.2% increase on a monthly basis, the highest monthly increase since year 2009, way above expectations. NAB business confidence in Australia decreased to -2 though, to the lowest in 2013.
Main healines in the Asian Session:
Japan rests re-assured not labeled 'currency manipulator' by G7
Italian coalition government at risk, warns PM Letta
Forex: Hedge funds buy USD, trend may last - FXWW
Forex: EUR/USD gaps lower post G7 meetings
Forex: USD/JPY - 102.00 is history now, blue sky until 103.60
Forex: NZD/USD breaks below 0.8300
Nikkei continues to surge higher
Japan’s Suga: It is clear that the economy is coming out of deflation
Forex: EUR/JPY holding gains above 132.00