18 Feb 2015
Market Movers: Yields up, USD continues to fade on the Asian session – TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, shares the market performance in the Asian Trade, adding that Yields and USD continued yesterday’s theme.
Key Quotes
“Hopes that Greek officials will be able to reach a compromise or at worst seek a six-month loan extension saw bond yields lift, following the theme of higher US yields overnight. ACGB 3yr yields are up +3bps and 10yrs +8bps, while NZGB yields are 5-7bps higher across the curve.”
“The USD continues to fade, although the moves are moderate with the JPY performing best +0.25% to ¥119. The AUD and NZD are marginally higher (US$0.7825 & US$0.7540 respectively) ..”
“Equities continue to move higher with the NKY leading the gains, +1.1% now at a fresh 5yr high and Australian stocks were up close to 1% on a high profile M&A deal. China, Taiwan and Korea are out for the week.”
“Commodities are generally softer, brent crude off 0.5%, copper futures –0.3% while gold is close to unchanged at US$1210oz, but off from higher levels earlier this week as the bid for safety subsides.”
Key Quotes
“Hopes that Greek officials will be able to reach a compromise or at worst seek a six-month loan extension saw bond yields lift, following the theme of higher US yields overnight. ACGB 3yr yields are up +3bps and 10yrs +8bps, while NZGB yields are 5-7bps higher across the curve.”
“The USD continues to fade, although the moves are moderate with the JPY performing best +0.25% to ¥119. The AUD and NZD are marginally higher (US$0.7825 & US$0.7540 respectively) ..”
“Equities continue to move higher with the NKY leading the gains, +1.1% now at a fresh 5yr high and Australian stocks were up close to 1% on a high profile M&A deal. China, Taiwan and Korea are out for the week.”
“Commodities are generally softer, brent crude off 0.5%, copper futures –0.3% while gold is close to unchanged at US$1210oz, but off from higher levels earlier this week as the bid for safety subsides.”