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17 May 2013
Session Recap: Aussie hammered; Japan showing signs of recovery
FXstreet.com (Barcelona) - Nasty day for commodity currencies “down under” such as the Aussie that has lost -0.81% in the current session alone, and about -2.77% for the week so far, last at fresh 11-month lows 0.9740. The NZD/USD posted a fresh 6-month low below the 0.81 handle, and USD/CAD a 1-month high at 1.0223. EUR/USD was more stable down 20 pips at 1.2860, while USD/JPY was mostly unchanged around the 102.25 level.
Local share markets show green lights all around, with Kospi up +0.82%, Nikkei index again above the 15k points mark up +0.50% for the day, and Australian ASX higher by +0.47%, while US futures did not move much. Gold fell to the $1380 mark, while Oil slipped below the $95 handle.
Japan posted the best Core machinery orders in over a year, up more than +14% m/m, way above the +3% market expected, showing some signs of economic recovery, and China Conference Board Leading Index rose a +1.5% in April, at the fastest pace for this year.
Fed’s Williams: Expects inflation to edge back up
Soros cuts Gold holdings
Commodities Brief: Precious metals finish mixed, Oil adds to previous gains
USD/JPY finishes slightly lower after narrow range day
Japan's GDP, Machine orders hint at improving fundamentals
GBP/USD showing signs of bottoming, more upside to follow? - 2nd Skies Forex
Greek PM Samaras speaking in Beijing – says Greece is ‘anchored’ in the Eurozone
NZD/USD blasts through previous session lows as support at 0.8140 folds
China’s Jiang: EU is the main instrument for diversifying China’s FX reserves
AUD/USD, how far can it go? 0.9750/10 next demand
Technical picture continues to become more bearish for EUR/USD
Local share markets show green lights all around, with Kospi up +0.82%, Nikkei index again above the 15k points mark up +0.50% for the day, and Australian ASX higher by +0.47%, while US futures did not move much. Gold fell to the $1380 mark, while Oil slipped below the $95 handle.
Japan posted the best Core machinery orders in over a year, up more than +14% m/m, way above the +3% market expected, showing some signs of economic recovery, and China Conference Board Leading Index rose a +1.5% in April, at the fastest pace for this year.
Fed’s Williams: Expects inflation to edge back up
Soros cuts Gold holdings
Commodities Brief: Precious metals finish mixed, Oil adds to previous gains
USD/JPY finishes slightly lower after narrow range day
Japan's GDP, Machine orders hint at improving fundamentals
GBP/USD showing signs of bottoming, more upside to follow? - 2nd Skies Forex
Greek PM Samaras speaking in Beijing – says Greece is ‘anchored’ in the Eurozone
NZD/USD blasts through previous session lows as support at 0.8140 folds
China’s Jiang: EU is the main instrument for diversifying China’s FX reserves
AUD/USD, how far can it go? 0.9750/10 next demand
Technical picture continues to become more bearish for EUR/USD