4 Sep 2013
Session Recap: Aussie outperforms peers; USD awaits quietly big data ahead
FXstreet.com (Barcelona) - Aussie has been the big winner today in the Asia-Pacific helped on Australia GDP q/q coming out positive for 22 year in a row for the second quarter, Reuters noted, up +0.6% in the upper bound of expectations, taking AUD/USD to fresh 2-week highs above 0.91 and AUD/JPY to fresh 1-month highs above 90.65.
Yen in the other hand is weakest major currency in last 2 trading days, with USD/JPY trading last near session highs at 99.70, despite early Tokyo selling on news a new earthquake of 6.9 magnitude had hit Japan. Nikkei index also sold off on the news, dragged as well by late NY US equities selling.
EUR/USD as it's already usual in recent Asian session trading has been stuck in a tiny 15 pip spread all Wednesday long last at 1.3167, taking average daily range to 8-9 month lows of volatility, ahead of ECB tomorrow and NFP Friday. Local share markets traded in the red overall, while Oil and Gold kept quiet around $1412 and $108.6 respectively.
Main headlines in the Asian Session:
Japan overnight press: Abe reportedly to announce tax hike decision Oct. 2
Evidence mounts strike against Syria matter of 'when' not 'if'
Gold back above $1400 amid Syria turmoil
Australia August AiG Performance of Services Index down to 39 vs 39.4
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=ea8ce4c5-595f-4908-950c-31a66ce3d551
New Syria resolution in Senate sets 90-day deadline for U.S. military action
Australia prints decent GDP, still below trend
Japan PM Abe: Says he is to explain at G20 that Japan will pursue growth and fiscal discipline
China HSBC China Services PMI increase to 52.8 in August from 51.3
Yen in the other hand is weakest major currency in last 2 trading days, with USD/JPY trading last near session highs at 99.70, despite early Tokyo selling on news a new earthquake of 6.9 magnitude had hit Japan. Nikkei index also sold off on the news, dragged as well by late NY US equities selling.
EUR/USD as it's already usual in recent Asian session trading has been stuck in a tiny 15 pip spread all Wednesday long last at 1.3167, taking average daily range to 8-9 month lows of volatility, ahead of ECB tomorrow and NFP Friday. Local share markets traded in the red overall, while Oil and Gold kept quiet around $1412 and $108.6 respectively.
Main headlines in the Asian Session:
Japan overnight press: Abe reportedly to announce tax hike decision Oct. 2
Evidence mounts strike against Syria matter of 'when' not 'if'
Gold back above $1400 amid Syria turmoil
Australia August AiG Performance of Services Index down to 39 vs 39.4
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=ea8ce4c5-595f-4908-950c-31a66ce3d551
New Syria resolution in Senate sets 90-day deadline for U.S. military action
Australia prints decent GDP, still below trend
Japan PM Abe: Says he is to explain at G20 that Japan will pursue growth and fiscal discipline
China HSBC China Services PMI increase to 52.8 in August from 51.3