25 Sep 2013
Session Recap: Aussie, kiwi heavy; Tokyo stained with red
FXstreet.com (Barcelona) - Asian traders were rather inactive at the early going of Tokyo, with some Yen strength the main theme, yet as the session advanced, Aussie weakness also became dominant.
In the US, following an uncertain and uneven Wall Street session after Fed’s comments on indefinite timing for bond-buying program, Asia registered mixed results in equity indexes with the Nikkei down 0.39%, pushing the yen higher.
In New Zealand, the trade deficit expanded from $-771M to $-1191M beating estimates, for the worse, at $-743M. In Australia, the RBA said the banking system is liquid and in good shape and added the housing market data is strong and yet the Aussie remained heavy with slow progress upward.
Japan prepared for the tankan results next week and market participants remain on their feet to any governmental decision to increase the sales taxes as Prime Minister Abe announce a potential increase based on tankan results despite the Spring 2014 plans to proceed with the monetary policies.
In the futures contracts realm, all metals printed gains with notably copper advancing on positive Chinese consumer data along with gold registering gains worth 0.66% for the first time in the week to reach $1,325.00.
Main headlines in Asia
- BOJ Tankan survey likely to show sentiment at 3-Year high
- The DXY drifts higher as part of the global “safety trade”; resistance 80.71
- New Zealand trade balance deficit worsens
- EUR/USD potential is for more downside - Societe Generale
- Japan August Corporate Service Price (YoY) stays unchanged at 0.6%
- USD/JPY pushes towards 98.50/55, sellers in control short term
- RBA’s Financial Stability: Few signs of financial stability risks
In the US, following an uncertain and uneven Wall Street session after Fed’s comments on indefinite timing for bond-buying program, Asia registered mixed results in equity indexes with the Nikkei down 0.39%, pushing the yen higher.
In New Zealand, the trade deficit expanded from $-771M to $-1191M beating estimates, for the worse, at $-743M. In Australia, the RBA said the banking system is liquid and in good shape and added the housing market data is strong and yet the Aussie remained heavy with slow progress upward.
Japan prepared for the tankan results next week and market participants remain on their feet to any governmental decision to increase the sales taxes as Prime Minister Abe announce a potential increase based on tankan results despite the Spring 2014 plans to proceed with the monetary policies.
In the futures contracts realm, all metals printed gains with notably copper advancing on positive Chinese consumer data along with gold registering gains worth 0.66% for the first time in the week to reach $1,325.00.
Main headlines in Asia
- BOJ Tankan survey likely to show sentiment at 3-Year high
- The DXY drifts higher as part of the global “safety trade”; resistance 80.71
- New Zealand trade balance deficit worsens
- EUR/USD potential is for more downside - Societe Generale
- Japan August Corporate Service Price (YoY) stays unchanged at 0.6%
- USD/JPY pushes towards 98.50/55, sellers in control short term
- RBA’s Financial Stability: Few signs of financial stability risks