Aud/usd Spiked As

The euro staged a broad recovery during yesterday's trading session, as the combination of a positive German ZEW Economic Sentiment and smooth Spanish debt auction generated risk taking in the marketplace. Turning to today, traders will want to pay attention to the British Claimant Count Change, scheduled for 08:30 GMT. The report is the official unemployment statistic for the UK and has been known to generate market volatility. Should the figure come in higher than forecasted, risk aversion may return to the market place. Economic News USD - Dollar Turns Bearish vs. Riskier Currencies A batch of positive international news releases yesterday led to US dollar losses as investors shifted their funds to riskier assets. A better than expected German ZEW Economic Sentiment and Spanish debt ...

Dukascopy Fundamental Analysis EUR BMW AG, German car maker will recall 120,246 cars in China due to the difficulties with the automobile's batteries, nation's quality control agency reported on Tuesday. The recollection of the Coupe, BMW 6 Series Convertible, BMW 6 Series and BMW 5 Series, vehicles produced between year 2003 and 2010 will begin in May 10. An installation problem of the batteries can create safety risks, quality control agency claimed. USD US businesses project slower pace of revenue growth in China in 2012 amid rising operation costs and worries over global stagnation, according to survey of American Chamber of Commerce. About 43% of the firms surveyed expect increase in sales to approach 11% this year as compared to a 15% increase in 2011. The major contributors to ...

Morning Briefing : RBA surprisingly stays on hold; Aussie spikes What's new: Asia: Equity indices marginally negative in line with their US counterparts Australia: RBA surprises expectations for a 25bp rate cut - remains on hold FOREX: Aussie gathers support on RBA decision Greece: Still unable to forge any deal Forex rates in Asia and Indices: EURUSD: 1.3137– 1.3089. USDCHF: 0.9215 – 0.9184. GBPUSD: 1.5832 - 1.5793. EURJPY: 100.72 – 100.37. USDJPY: 76.78 – 76.51. DowJones: 12’845.13 -0.13% NASDAQ: 2'901.99 -0.13% S & P 500: 1'344.33 -0.04% Nikkei: 8’917.52 -0.13% Shanghai: 2'291.56 -1.7% Gold: $ 1'725.60 Crude Oil: $ 96.85 Comments: The RBA surprisingly left rates on hold leaving them at 4.25% although it seems that easing remains on the table as it deemed a rate cut not ...

The USD saw gains across the board on Friday, following a significantly better than expected US Non-Farm Payrolls figure that helped boost confidence in the US economic recovery. Perhaps most significantly, the USD/JPY came off its recent three-month low. The news calmed fears that the Bank of Japan would soon intervene to limit yen growth. This week, Greece is likely to be back in the headlines as investors eagerly await news of a possible debt-swap deal. Any positive developments are likely to help riskier currencies like the euro and Australian dollar. Economic News USD - USD/JPY Comes off Three-Month Low Following Jobs Report The better than expected US Non-Farm Payrolls last Friday, resulted in positive gains for the USD to close out the week. 243K jobs were added to US payrolls ...