8 Jan 2015
Market Movers: USD/JPY gains, Cable is the worst performer among majors
FXStreet (Barcelona) - The FOMC minutes saw the Fed stressing more on the global environment with soft energy prices heightening disinflation concerns. Later Fed member Evan’s dovish remarks desiring unchanged rates till 2016 during the Asian session didn’t have a major impact on the USD, with dollar overpowering the Yen to register a high at 119.962, currently trading 0.53% higher at 119.79.
US equities made a comeback after the dismal performance in the previous few sessions, with Dow, S&P 500 and the Nasdaq 100 rallying higher to register a positive close. Nikkei gained 1.67% to close at 17167.10 while the Shanghai Composite Index losing 2.39%, down 80.50 points at 3293.46.
On a daily basis, AUD/USD outperformed today, up 0.47% to trade at 0.8112, with NZD/USD following it to trader at 0.7810, higher by 0.41%. EUR/USD continues to remain under pressure after eurozone saw a negative inflation rate of -0.2%YoY, currently down 0.16% at 1.1813 levels. The pound has been the worst performer among the majors, losing 0.37% to trade near the 1.5050 region.
Gold Futures fell after yesterday’s upside climb, down 0.26% at USD 1208.55/Oz. Oil recovered some of yesterday’s losses, WTI Crude is up 1.91% at USD 49.15/barrel, while Brent Crude gained 0.89%, currently at USD 52.14/barrel.
NZD/JPY (+0.89%), ZAR/JPY (+0.84%) and AUD/JPY (+0.82%) are the topmost gainers in the FX space. GBP/NZD (-0.86%), GBP/AUD (-0.79%) and EUR/TRY (-0.70%) are the top losers.
US equities made a comeback after the dismal performance in the previous few sessions, with Dow, S&P 500 and the Nasdaq 100 rallying higher to register a positive close. Nikkei gained 1.67% to close at 17167.10 while the Shanghai Composite Index losing 2.39%, down 80.50 points at 3293.46.
On a daily basis, AUD/USD outperformed today, up 0.47% to trade at 0.8112, with NZD/USD following it to trader at 0.7810, higher by 0.41%. EUR/USD continues to remain under pressure after eurozone saw a negative inflation rate of -0.2%YoY, currently down 0.16% at 1.1813 levels. The pound has been the worst performer among the majors, losing 0.37% to trade near the 1.5050 region.
Gold Futures fell after yesterday’s upside climb, down 0.26% at USD 1208.55/Oz. Oil recovered some of yesterday’s losses, WTI Crude is up 1.91% at USD 49.15/barrel, while Brent Crude gained 0.89%, currently at USD 52.14/barrel.
NZD/JPY (+0.89%), ZAR/JPY (+0.84%) and AUD/JPY (+0.82%) are the topmost gainers in the FX space. GBP/NZD (-0.86%), GBP/AUD (-0.79%) and EUR/TRY (-0.70%) are the top losers.