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22 May 2013
Session Recap: Nikkei on fire; USD going nowhere ahead of Bernanke
FXstreet.com (Barcelona) - Another session in the Asia-Pacific with relative intraday volatility, just to end pretty much as it started, with USD index around the 83.80 level, off session lows at 83.68. EUR/USD posted fresh weekly highs at 1.2939, last unchanged at 1.2918, AUD/USD printed session lows at 0.9778 off session highs at 0.9828, while USD/JPY is glued to the 102.50 mark, in the middle of the 102.65/35 range.
Gold is flat at around the $1375 level, Oil slightly lower above session lows at around the $95 handle, and US futures have been muted since NY close ahead of Fed Bernanke's testimony at 14:00 GMT. Hong-Kong's markets have been close due to a severe storm, while Nikkei index has posted yet another 5-year record high above the 15550 points mark, highest since late 2007.
In the economic data front Japan posted a worsening Trade deficit with exports missing to peak up steam, while Australia showed consumer confidence worsen a the fastest pace in more than a year for the month of May in a monthly basis. BoJ did not surprised announcing any new major step in its monetary policy, but insisting in keeping up with the current set of asset purchases in order to rise inflation to 2% in a 2 year period.
Main headlines in the Asian Session:
Commodities Brief: Oil capped again below 97.50, precious metals slide
EUR/USD: Talk of stops above 1.2940 but sellers waiting in the wings
Japan trade deficit worsens
AUD/NZD still drifting sideways but continues to find bids below 1.1990
NZD/USD finding resistance below 0.8200
EUR/USD working its way higher thru 1.2920/40 supply
Australia Westpac Consumer Confidence falls to -7% in May from -5.1%
Sterling plummets as weak UK inflation print scares off buyers
AUD/USD still around 0.98 despite worsening consumer confidence in Australia
GBP/JPY - Will buyers have enough force to take out 156.80 resistance?
BoJ keeps plan to raise monetary base by an annual ¥60-70TR
USD/JPY steady near 102.50 after BoJ Monetary Policy release
Gold is flat at around the $1375 level, Oil slightly lower above session lows at around the $95 handle, and US futures have been muted since NY close ahead of Fed Bernanke's testimony at 14:00 GMT. Hong-Kong's markets have been close due to a severe storm, while Nikkei index has posted yet another 5-year record high above the 15550 points mark, highest since late 2007.
In the economic data front Japan posted a worsening Trade deficit with exports missing to peak up steam, while Australia showed consumer confidence worsen a the fastest pace in more than a year for the month of May in a monthly basis. BoJ did not surprised announcing any new major step in its monetary policy, but insisting in keeping up with the current set of asset purchases in order to rise inflation to 2% in a 2 year period.
Main headlines in the Asian Session:
Commodities Brief: Oil capped again below 97.50, precious metals slide
EUR/USD: Talk of stops above 1.2940 but sellers waiting in the wings
Japan trade deficit worsens
AUD/NZD still drifting sideways but continues to find bids below 1.1990
NZD/USD finding resistance below 0.8200
EUR/USD working its way higher thru 1.2920/40 supply
Australia Westpac Consumer Confidence falls to -7% in May from -5.1%
Sterling plummets as weak UK inflation print scares off buyers
AUD/USD still around 0.98 despite worsening consumer confidence in Australia
GBP/JPY - Will buyers have enough force to take out 156.80 resistance?
BoJ keeps plan to raise monetary base by an annual ¥60-70TR
USD/JPY steady near 102.50 after BoJ Monetary Policy release