Gmt Aud/usd Is Higher

Fundamental News Today’s highlights: - German GDP (QoQ) (GER, 07:00 GMT) - French Manufacturing PMI (FRA, 07:00 GMT) - German Manufacturing PMI (GER, 08:00 GMT) - German Ifo Business Climate Index (GER, 09:00 GMT) - GDP (QoQ) + Business Investment (QoQ) + BBA Mortgage Approvals (GB, 09:30 GMT) - Initial Jobless Claims + Core Durable Goods Orders (MoM) (U.S, 13:30 GMT) - ECB President Draghi Speaks (EUR, 14:00 GMT) - Treasury Secretary Geithner Speaks (U.S., 19:00 GMT) Demand for new U.S. homes rose more than forecast in April, indicating residential real estate may contribute to economic growth for the first time in seven years. Purchases rose to a 343,000 annual rate, up 3.3 percent from a revised 332,000 in March, the Commerce Department reported today in ...

Short-covering momentum builds on China infrastructure spending hopes Economic Data (NZ) NEW ZEALAND Q2 RBNZ 2-YR INFLATION EXPECTATIONS: 2.4% V 2.5% PRIOR (11-quarter low and 4th consecutive quarter of decline) (CN) CHINA APR CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 0.8% V 0.8% PRIOR (TW) TAIWAN APR UNEMPLOYMENT RATE: 4.2% V 4.1%E (KR) SOUTH KOREA Q1 EXTERNAL SHORT TERM DEBT: $136.3B V $136.1B PRIOR Markets Snapshot (as of 04:15GMT) Nikkei225 +1.0% S&P/ASX +0.8% Kospi +1.2% Shanghai Composite +0.5% Hang Seng +0.8% June S&P Futures flat at 1,315 June gold flat at $1,589/oz July Crude +0.1% at $92.96 Overview/Top Headlines Asian equity markets have extended the overnight rally with another session of moderate gains, as hopes for progress in European talks took a back- ...

Higher Yielding Currencies Maintain Bearish Trend Higher yielding currencies, namely the EUR and AUD, remained bearish during European trading yesterday, as fears that Greece will have to leave the euro-zone led to risk aversion in the marketplace. Investors are now worried about what the possible effects of a Greek exit from the euro-zone would be for other indebted countries, including Spain and Italy. Today, traders will want to note that there is a bank holiday in France, Germany and Switzerland. That being said, news out of the US may lead to market volatility. The Unemployment Claims figure and Philly Fed Manufacturing Index are both forecasted to show US economic growth. If true, the USD could see gains during the afternoon session. Economic News USD - Manufacturing Data Could ...

The euro continued to tumble throughout yesterday's trading session as investors grew more concerned regarding the impact of a possible new Greek election next month. The EUR/USD fell close to 70 pips during European trading, reaching as low as 1.2829. Today, traders will want to pay attention to several potentially significant market events. At 9:00 GMT, the German ZEW Economic Sentiment figure may be able to help the euro recover some of its recent losses if it comes in above analyst forecasts. In addition, the US Core CPI, Core Retail Sales and Retail Sales figures, all scheduled for 12:30 GMT, could lead to market volatility for USD pairs. Should any of the news come in above expectations, the greenback could move up against the JPY. Economic News USD - US Retail Sales Data Set to ...

Australian dollar is struggling on the Forex market, especially against the US dollar. Concerns about what’s happening in Europe are affecting risk appetite, and sending Forex traders away from riskier assets like the Aussie and to low beta currencies like the US dollar and the Japanese yen. Risk appetite is playing a big role in the Australian dollar’s performance today. Concerns that the Greece might actually leave the eurozone are increasing, and there are worries that Spain can’t handle its debt. This risk appetite is leading to losses by high beta currencies like the Australian dollar against low beta currencies like the US dollar and the Japanese yen. Australian dollar is, however, higher against the euro, since the euro is in such a bad state. The Aussie’s case isn’t being helped ...

US dollar is heading higher against the euro in Forex trading right now, gaining as concerns about Spain and Greece come into sharper focus. Greenback is also higher against the Canadian dollar and other commodity currencies as oil prices and gold prices drop. UK pound, though, is gaining against the US dollar, as is the Japanese yen. US dollar is turning in a mixed performance today, gaining against the euro and many commodity currencies as Forex traders look for safe haven against the volatility brought on by troubles continuing in Greece and Spain. In Greece, difficulties about forming a government, and the future of the austerity measures agreed to for the bailout, are causing uncertainty. In Spain, the financial sector continues to struggle, and doubts remain about Spain’s ability to ...

Chinese April data shows a further slowdown; Equity indices, crude and gold decline Economic Data (CN) CHINA APR CONSUMER PRICE INDEX (CPI) M/M: 0.1% V 0.2% PRIOR; Y/Y: 3.4% V 3.4%E; YTD Y/Y +3.7% (CN) CHINA APR INDUSTRIAL PRODUCTION: Y/Y: 9.3% V 12.2%E; YTD: 11.0% V 11.7%E (CN) CHINA APR RETAIL SALES: Y/Y: 14.1% V 15.1%E; YTD Y/Y: 14.7% V 14.8% PRIOR (CN) CHINA APR PRODUCER PRICE INDEX (PPI): Y/Y: -0.7% V -0.5%E (CN) CHINA APR URBAN FIXED ASSETS YTD Y/Y: 20.2% V 20.4%E (JP) JAPAN APR MONEY STOCK M2 Y/Y: 2.6% V 2.9%E; M3 Y/Y: 2.3% V 2.5%E (NZ) NEW ZEALAND APR CARD SPENDING RETAIL M/M: 0.8% V 0.5%E; TOTAL M/M: 0.6% V 0.5%E (NZ) NEW ZEALAND APR FOOD PRICES M/M: -0.1% V -1.0% PRIOR (IN) INDIA MAR INDUSTRIAL PRODUCTION Y/Y: -3.5% V 1.7%E (UK) UK APR NATIONWIDE CONSUMER CONFIDENCE: ...

China trade data misses expectations, Australia records 1-yr low for unemployment Economic Data (CN) CHINA APR TRADE BALANCE: $18.42B V $9.9BE (AU) AUSTRALIA APR UNEMPLOYMENT RATE: 4.9% V 5.3%E (1-yr low); EMPLOYMENT CHANGE: 15.5K V -5.0KE (2nd consecutive increase); PARTICIPATION RATE: 65.2% V 65.4%E (KR) BANK OF KOREA (BOK) LEAVES 7-DAY REPO RATE UNCHANGED AT 3.25%; AS EXPECTED (JP) JAPAN MAR CURRENT ACCOUNT TOTAL: ¥1.59T V ¥1.4TE; ADJUSTED CURRENT ACCOUNT TOTAL: ¥785.5B V ¥647BE; CURRENT ACCOUNT BALANCE Y/Y: -8.6% V 17.1%E; TRADE BALANCE: ¥4.2B V -¥43BE (NZ) NEW ZEALAND APR BUSINESS NZ PMI: 48.0 V 53.8 PRIOR (PH) PHILIPPINES MAR TOTAL EXPORTS: -1.2% V 11.0%E; TOTAL MONTHLY EXPORTS: $4.3B V $4.4B PRIOR (NZ) NEW ZEALAND APR QV HOUSE PRICES Y/Y: 3.1% V 3.0% PRIOR (JP) JAPAN APR ...

After an interesting weekend, the Aussie is seeing some improvement today as the Down Under currency is seen as a safer bet than European currencies right now. After the elections in France and Greece, many are wondering what’s next for the eurozone, and that is giving the Australian dollar a bit of a boost today. Aussie is even higher against the US dollar — and there is some risk aversion in the markets as traders wonder what to do next. In Europe, Francois Hollande won the French election, beating out incumbent Nicolas Sarkozy. In Greece, an anti-austerity party did quite well, and it looks as though the new government may not stick to the austerity measures required by the recent bailout. Once again, rumors that Greece could exit the eurozone are circulating. Interestingly, this is ...