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Aud/usdTitle:
Asian Market Update : 01/05/2012
Economic Data
(AU) RESERVE BANK OF AUSTRALIA (RBA) CUTS CASH TARGET RATE BY 50BPS TO 3.75%, MORE THAN EXPECTED
(CN) CHINA APR PMI MANUFACTURING: 53.3 V 53.6E (5th consecutive m/m increase; 13-month high)
(KR) SOUTH KOREA APR EXTERNAL TRADE BALANCE: $2.15B V $3.0BE
(KR) SOUTH KOREA APR CONSUMER PRICE INDEX (CPI) M/M: 0.0% V 0.3%E; Y/Y: 2.5% V 2.8%E (multi-month low); CORE CPI Y/Y: 1.8% V 1.9% PRIOR
(NZ) NEW ZEALAND Q1 AVERAGE HOURLY EARNINGS Q/Q: 1.3% V 0.0% PRIOR; PRIVATE WAGES EXCLUDING OVERTIME: 0.5% V 0.6%E; INCLUDING OVERTIME: 0.5% V 0.5%E
(AU) AUSTRALIA MAR RPDATA-RISMARK HOUSE PRICE ACTUAL: -0.8% V 0.2% PRIOR (3-month low)
(AU) AUSTRALIA Q1 HOUSE PRICE INDEX Q/Q: -1.1% V -0.5%E (fifth consecutive quarter of decline); Y/Y: -4.5% V -3.9%E
(ID) INDONESIA MAR TOTAL TRADE BALANCE: $840M ...
Title:
Chinese PMI And Australian Interest Rate Decision
U.S. Dollar Trading (USD) the USD rebounded today against most risk currencies yesterday as stocks pulled back on profit taking sparked by weak economic data. April Chicago PMI fell to 56.2 vs. 62.2 previously in a dramatic fall in manufacturing confidence back to 2009 levels. Looking ahead, March US PMI forecast at 53 vs. 53.4 previously. Also 3 different Fed speakers tonight could lead to volatility.
The Euro (EUR) a very quiet start to the week with some slight selling in Europe as Spain was officially put into recession after printing a -0.3% Q/Q rate of GDP in Q1. German Retail Sale grew 0.8% in March and this helped improve sentiment slightly as the German economy is by far the largest in the EU. The Sterling (GBP) the GBP/USD tested 1.6300 before reversing on profit taking down to ...
Title:
Growth Concerns Weigh on Sentiment
The US dollar and the Japanese yen gained on demand for safe havens as growth concerns weighed on sentiment. Data released out of Europe confirmed that Spain fell back into a recession with two consecutive quarters of -0.3% q/q GDP contraction and Canada's monthly GDP change unexpectedly declined in Feb. by -0.2% from the prior +0.1% (cons. +0.2%). The Loonie underperformed today in the G10 space as the decline in economic activity offset the recent hawkish tone taken by Governor Carney and the Bank of Canada. U.S. equities followed European markets lower with the DJIA closing the day lower by -0.13% while the S&P 500 declined by -0.40% to finish the session. US Treasury yields were lower across the curve as investor demand for Treasuries pushed yields down and the dollar index rebounded ...
Title:
USD Rebounds as Sentiment Declines
USD reversed earlier losses and is now trading higher against all of its major counterparts except for the JPY. The dollar index rebounded after making new lows for April as sentiment deteriorated. Negative news continued to flow out of Spain, this time with more ratings downgrades and data that confirmed a recession in the Euro zone's fourth largest economy. Equities are mostly lower with much of Europe in the red while US stock futures are currently pointing to a slightly lower open. UST yields are down across the curve as investors seek safety in Treasuries. The 10-year Treasury yield has currently shed 2.1bp to around 1.914%. On the data front, March personal income and spending rose by 0.4% and 0.3% respectively. The PCE deflator slowed to 2.1% y/y (prior 2.3%) and PCE core ...
Title:
Low US growth pushes for QE3, but what about inflation?
Forex Morning Briefing : Low US growth pushes for QE3, but what about inflation?
What’s new:
Asia: Outlook for lower rates in Australia takes risk higher across the board.
Europe: Good Italian bond auction calmed markets post Spanish downgrades.
US: Q1 GDP missed expectations, but stocks closed the week on a positive note.
Rates in Asia and Indices:
EUR/USD 1.3229 1.3268 -0.02 %
USD/CHF 0.9056 0.9079 -0.02 %
GBP/USD 1.6264 1.6297 0.11 %
USD/JPY 80.08 80.39 0.16 %
EUR/CHF 1.2000 1.2052 0.01 %
EUR/JPY 106.05 106.44 0.19 %
Dow Jones 13192.21 13266.68 0.17 %
Nasdaq 2723.16 2750.5 0.59 %
S&P 500 1397.31 1406.64 0.24 %
Nikkei 225 9463.6 9691.7 -0.42 %
Shanghai 2393.867 2408. ...
Title:
Technical analysis of the AUD/USD parity on April 30th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated last friday the breakout of 1.04, offering a buy signal.
The pair just faked the breakout of 1.0450.
All indicators are now bullish.
We continues to advise long positions as far as 1.04 is support.
The breakout of 1.0450 will give a new buy signal and open the way towards 1.05.
In case of return below 1.04, we will wait the breakout of 1.0350 to advise short positions.
See the previous analysis of the AUD/USD parity of April 26th, 2012
AUD/USD Analysis
Title:
Dollar Tumbles Following Disappointing GDP Figure
A worse than expected Advance GDP figure sent the dollar tumbling to multi-week lows against several of its main currency rivals on Friday. The EUR/USD closed out the week at 1.3249, up close to 100 pips for the day. Against the JPY, the greenback was down 115 pips to finish the day at 80.27. Turning to this week, the US Non-Farm Payrolls figure should be closely watched when it is released on Friday. In addition, Tuesday's US ISM Manufacturing PMI and Wednesday's ADP Non-Farm Employment Change may lead to significant activity in the marketplace. The dollar may extend its losses should any of the indicators come in below expectations.
Economic News
USD - Dollar Volatility Expected Ahead of Non-Farm Report
A disappointing US GDP figure resulted in heavy losses for the dollar to close out ...
Title:
Forex Technical Analysis : 04/30/2012
- Forex Technical Analysis : 04/30/2012 -
(Timeframes: 30 minutes)
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Title:
Stock Rally In US Ignores Weak GDP
U.S. Dollar Trading (USD) the 'risk on' mood continued Friday with stocks gaining for a 4th day even as economic data was mixed. Q1 GDP fell to 2.2% vs. 3.0% previously but stocks did not take this too negatively in fact it supports the view that the FED will keep monetary policy in the US loose for an extended period of time. Looking ahead, March Personal Income forecast at 0.3% vs. 0.2% previously.
The Euro (EUR) the EUR/USD fell going into the European session as the Spanish downgrade pushed the EUR/USD to 1.3160. The positive stock market rally and the weak US GDP helped lift the major to 1.3270 before consolidating the gains into the weekend. The outlook is positive with the Eurozone debt crisis failing to cause the usual selling. The Spanish Unemployment rate is continuing to soar ...
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