Aud/usd
The Australian dollar fell against its US peer today after the Reserve Bank of Australia released the minutes of its last policy meeting. The drop was small, however, and the currency gained against the Japanese yen at the same time.
The RBA minutes were dovish and said:
Conditions in the business sector, as assessed in surveys, generally had remained below average, possibly in part because the exchange rate had remained high despite lower export prices and interest rates.
Policy makers also thought that “the inflation outlook provided scope to ease monetary policy further, should that be necessary to support demand”. All in all, the minutes were negative for the Aussie, but the currency did not look bothered too much by them, most likely because anticipation of additional stimulus ...
Title:
Dip buying on USD/JPY
Morning Briefing : Dip buying on USD/JPY
What's new :
Forex: Markets await Ben Bernanke’s speech on Wednesday.
Global Markets: US and Asian equities closed slightly in the red.
Overnight rates and Indices:
EUR/USD 1.2862 1.2904 0 %
USD/CHF 0.9655 0.9704 -0.02 %
GBP/USD 1.5222 1.5277 -0.08 %
USD/JPY 102.08 102.77 -0.32 %
EUR/CHF 1.2453 1.24922 -0.03 %
EUR/JPY 131.68 132.31 -0.31 %
Dow Jones 15314.15 15391.84 -0.12 %
Nasdaq 3011.95 3032.86 -0.26 %
S&P 500 1663.52 1672.84 -0.07 %
Nikkei 225 15264.42 15388.37 0.13 %
Shanghai 2290.12 2304.42 -0.10 %
Gold spot 1384.15 1401.59 -0.04 %
Crude Oil 96. ...
Japanese yen back to losses versus major currencies before the upcoming board meeting of the Bank of Japan, where the yen tried earlier to incline after the economy minister’s speech.
Moreover, Japanese economy minister Akira Amari warns from further decline in the yen, adding that further slide in the yen may leave negative impact after the recent 21% drop during the previous six months.
USD/JPY pair traded today near 102.50 after recording high of 102.75, while the EUR/JPY pair inclined to 132.29. GBP/JPY pair inclined to 156.50.
Australian dollar continue to incline versus dollar and other currencies in attempts to compensate its previous huge loses, while RBA released today its May’s meeting minutes which saw rate reduction to 2.75%.
AUD/USD pair inclined to 0.9831 after starting ...
Asian Market Update
JPY weakens after Japan Econ Min Amari clarifies position on yen correction; AUD gains on neutral policy bias in RBA minutes
Economic Data
(AU) AUSTRALIA RBA POLICY MINUTES FOR MAY MEETING: Decided some easing scope should be used at the May meeting
(AU) AUSTRALIA MAR CONFERENCE BOARD LEADING INDEX: 0.1% V 0.3% PRIOR (3rd consecutive increase)
(NZ) NEW ZEALAND Q2 RBNZ 2-YEAR INFLATION EXPECTATION: 2.1% V 2.2% PRIOR (multi-year low)
(NZ) NEW ZEALAND APR CREDIT CARD SPENDING M/M: +0.4% V -0.3% PRIOR; Y/Y: 4.0% V 3.7% PRIOR
(NZ) NEW ZEALAND APR NET MIGRATION: 1.6K V 1.3K PRIOR
Markets Snapshot (as of 03:30 GMT)
Nikkei225 +0.1%
S&P/ASX -0.7%
Kospi -0.2%
Shanghai Composite -0.1%
Hang Seng -0.4%
Jun S&P500 -0.1% at 1,663
Jun gold +0.3% at $1,384/oz
Jul crude ...
- Forex Technical Analysis : 05/20/2013 -
(Timeframes: 30 minutes)
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Major currencies are trying to compensate their losses this week against dollar, where investors’ eyes are weighing American fed’s bank meeting minutes which may show its monetary policy theme.
USD/JYP pair started this week’s trades on downward price gap after recording its lowest levels in four years last week at 103.29, where the pair started today’s session at 102.91.
Japanese economy minister Akira Amari warns from further decline in the yen, adding that further slide in the yen may leave negative impact after the recent 21% drop during the previous six months.
Meanwhile, Japanese yen rose against the 16 major currencies the Japanese Economy Minister’s notes on the yen.
Australian dollar started today an upward correction trend against its counterpart American dollar after the ...
The euro and Japanese yen are poised to extend their weekly slumps, as the dollar ruled currencies market with a rod of iron on the back of the Federal Reserve`s stimulus outlook, rooting the greenback near a 10-month high against a six-currency basket.
Traders saw a hectic session on Thursday and volatility was evident, as the dollar gained momentum against majors, only to end the session right back where it kicked off. The U.S. currency, however, was up again approaching the highest level in ten months.
The USDIX, an index which tracks the performance of the U.S. dollar against six major currencies including the euro, pound and Japanese currency, was up 0.20 percent at 84.06 as of 09:52 GMT+2 today, near its multi-month high of 84.22 hit two days ago.
Dollar gain was fueled today ...
Market wrap
Global market sentiment: Another batch of weaker US data hurt the US dollar and depressed interest rates. However, the WSJ's influential Fedwatcher, Hilsenrath, wrote the Fed isn't too concerned about falling inflation since future inflation expectations are stable. That may have comforted the equity markets, the S&P500 currently unchanged.
Interest rates: US 10yr treasury yields corrected lower for the second consecutive day, falling from 1.95% to 1.86% in a clear response to the weaker US data. The 2-10yr yield curve flattened by 6bp. Australian 3yr government bond yields followed suit, falling from 2.58% to 2.49% while the 10yr yield fell from 3.26% to 3.16%
Currencies: The US dollar index is around 0.3% lower. EUR rose from 1.2847 to 1.2930. USD/JPY fell from 102.68 to ...
- Forex Technical Analysis : 05/17/2013 -
(Timeframes: 30 minutes)
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