19 Dec 2014
Market Movers: JPY crosses top gainers after BoJ’s QQE announcement
FXStreet (Barcelona) - The Asian session saw JPY crosses moving higher after BoJ’s QQE announcement, maintaining its decision for easing until inflation stabilizes at its 2% target. EUR, GBP and NZD made fresh daily highs against the Yen after the Bank of Japan kept its plan to increase the monetary base by JPY 80 trillion.
The NA session saw as expected US data flow with the Philly Fed Index declining to 24.5 (consensus at 26.0) and the leading index increasing by 0.6 points. Initial jobless claims climbed down to 289k (consensus at 295k), with Nomura suggesting that the sub-300k print points to another solid nonfarm payroll number in December. The surprisingly strong UK retail sales pushed the sterling above 1.5650 levels against the USD, currently trading just above it, at 1.5659.
China revised its 2013 nominal GDP up to 3.4%. USD/CNY trading at 6.2231, up 0.13%. The EUR/USD pair moved a little higher in the day due to improving business conditions in Germany, trading below 1.23 levels at 1.2291, 0.04% higher. USD/CHF at 0.9800 is up 0.03% with weekly gains of 1.63%, NZD/USD up 0.24% at 0.7789, USD/CAD 1.1579 slightly down 0.02%, AUD/USD at 0.8170 is down 0.05 %.
Top gainers being NZD/JPY (+0.47%) at 92.68, EUR/JPY (+0.31%) at 146.46 and USD/JPY (+0.29%) at 119.17. NZD crosses were the top losers with GBP/NZD (-0.22%) at 2.0131, AUD/NZD (-0.18%) at 1.0495 and EUR/NZD (-0.13%) at 1.5798.
Oil is down again with WTI at 54.81 (-0.96%) and Brent below 60 at 59.46 (-0.78). Gold continues to remain below 1200, currently at 1199.33.
The NA session saw as expected US data flow with the Philly Fed Index declining to 24.5 (consensus at 26.0) and the leading index increasing by 0.6 points. Initial jobless claims climbed down to 289k (consensus at 295k), with Nomura suggesting that the sub-300k print points to another solid nonfarm payroll number in December. The surprisingly strong UK retail sales pushed the sterling above 1.5650 levels against the USD, currently trading just above it, at 1.5659.
China revised its 2013 nominal GDP up to 3.4%. USD/CNY trading at 6.2231, up 0.13%. The EUR/USD pair moved a little higher in the day due to improving business conditions in Germany, trading below 1.23 levels at 1.2291, 0.04% higher. USD/CHF at 0.9800 is up 0.03% with weekly gains of 1.63%, NZD/USD up 0.24% at 0.7789, USD/CAD 1.1579 slightly down 0.02%, AUD/USD at 0.8170 is down 0.05 %.
Top gainers being NZD/JPY (+0.47%) at 92.68, EUR/JPY (+0.31%) at 146.46 and USD/JPY (+0.29%) at 119.17. NZD crosses were the top losers with GBP/NZD (-0.22%) at 2.0131, AUD/NZD (-0.18%) at 1.0495 and EUR/NZD (-0.13%) at 1.5798.
Oil is down again with WTI at 54.81 (-0.96%) and Brent below 60 at 59.46 (-0.78). Gold continues to remain below 1200, currently at 1199.33.