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16 May 2013
Session Recap: USD rebounds; Nikkei capped below the 15150 mark
FXstreet.com (Barcelona) - Following a weak Asia-Pacific start, the USD has managed to bounce above its initial quote and gains by a small margin against EUR, AUD, GBP, CHF, while still slightly below JPY. The USD/JPY posted a session low at 101.92 while it currently breaks even at 102.22, and EUR/USD printed session highs at 1.2890 and AUD/USD at 0.9914, both now at fresh session lows.
Local share markets saw the Nikkei index printed yet another fresh 4.5-year high above the 15150 points, highest since late 2007, just to trade now at the moment around the 14900 points, near session lows, down more than -1.10%. Most of the other Asia-Pacific markets are in the green, with both Shanghai and Kospi around +1%, and Hang-Seng +0.4%, while Australian ASX is in the negative, down -0.29%.
In the data front New Zealand released a better than expected PMI, with Japan posting best GDP results in a year. Foreign direct investment in China year on year improved for 4th consecutive month, altoguh slightly below previous month at +1.2% vs 1.4%. No major surprises from NZ budget, that projects debt to GPD to increase by 2014/15 to 28.7%
Main headlines in the Asian Session:
IMF releases first Cyprus bailout
Forex: AUD/NZD still holding above 1.2000
New Zealand Business NZ PMI rises to 54.5 from 53.4
S&P 500 posts another new record high as equities continue to outperform
Forex: EUR/JPY limited below 132.00
Japan's GDP beats estimates
Japan’s economy minister Amari: Japan will try to escape deflation ASAP
Forex: Break above 0.9920 key to upgrade outlook for the Aussie
Forex: NZD/JPY continues to consolidate in tight range on daily chart
EUR/USD: Dealers eyeing trailing stops above 1.2895
Forex: EUR/USD capped below 1.2900
Forex: GBP/JPY consolidation continues as longer term trend remains bullish
China April Actual Foreign Direct Investment +0.4% y/y (vs. +6.2% expected)
New Zealand unveils new budget
Moody’s: Says New Zealand’s ‘budget trajectory’ is supportive of AAA rating
Forex: Sterling due for consolidation after recent declines?
Local share markets saw the Nikkei index printed yet another fresh 4.5-year high above the 15150 points, highest since late 2007, just to trade now at the moment around the 14900 points, near session lows, down more than -1.10%. Most of the other Asia-Pacific markets are in the green, with both Shanghai and Kospi around +1%, and Hang-Seng +0.4%, while Australian ASX is in the negative, down -0.29%.
In the data front New Zealand released a better than expected PMI, with Japan posting best GDP results in a year. Foreign direct investment in China year on year improved for 4th consecutive month, altoguh slightly below previous month at +1.2% vs 1.4%. No major surprises from NZ budget, that projects debt to GPD to increase by 2014/15 to 28.7%
Main headlines in the Asian Session:
IMF releases first Cyprus bailout
Forex: AUD/NZD still holding above 1.2000
New Zealand Business NZ PMI rises to 54.5 from 53.4
S&P 500 posts another new record high as equities continue to outperform
Forex: EUR/JPY limited below 132.00
Japan's GDP beats estimates
Japan’s economy minister Amari: Japan will try to escape deflation ASAP
Forex: Break above 0.9920 key to upgrade outlook for the Aussie
Forex: NZD/JPY continues to consolidate in tight range on daily chart
EUR/USD: Dealers eyeing trailing stops above 1.2895
Forex: EUR/USD capped below 1.2900
Forex: GBP/JPY consolidation continues as longer term trend remains bullish
China April Actual Foreign Direct Investment +0.4% y/y (vs. +6.2% expected)
New Zealand unveils new budget
Moody’s: Says New Zealand’s ‘budget trajectory’ is supportive of AAA rating
Forex: Sterling due for consolidation after recent declines?