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12 Aug 2013
Session Recap: USD extends recovery; Japan GDP upsets
FXstreet.com (Barcelona) - The USD index has marginally pared part of previous losses trading last at 81.22 of DXY, mostly thanks to Yen and Euro weakness, following worse than expected Japan GDP for 2Q coming out at +2.6% y/y when +3.6% was the consensus.
AUD/USD and GBP/USD remain flat so far for the session from previous weekly close, while EUR/USD is slightly lower at 1.3325 off recent session lows, weighed on renewed fears of a possible needed extra bailout for Greece once German elections come to an end.
Mostly all local share markets are trading in the green specially those from China, while the Nikkei index puts the discordant note trading lower by -0.6% above the 13500 points mark. Gold gapped higher at the open above the $1330, while Oil is also pressing higher shy of the $106 round.
Main headlines in the Asian Session:
End of RBA easing cycle nearing?
Bird flu case confirmed in China
New Zealand REINZ House Price Index (MoM) down to -0.5% vs 0%
China quietly launching unofficial stimulus. Flying under mainstream media's radar? - SCMP
Suspicions turn to claims in Chinese data manipulation
Big miss in Japan's Q2 GDP; Incremental sales tax hike looming?
Gold gaps higher, but still range-bound with 1,343 as the ST ceiling
Bloomberg article: Fonterra Scare Affected All New Zealand’s Exports, PM John Key Says
Japan PM adviser Honda says Q2 GDP shows conditions not appropriate for a sales tax hike
Japan PM Abe: Economy improving steadily due to government’s economic policies since last year
Reuters recap of Japan PM addressing reporters
Jean-Claude Trichet: Risk of a euro-zone breakup has faded, but “this is no time for complacency”
AUD/USD and GBP/USD remain flat so far for the session from previous weekly close, while EUR/USD is slightly lower at 1.3325 off recent session lows, weighed on renewed fears of a possible needed extra bailout for Greece once German elections come to an end.
Mostly all local share markets are trading in the green specially those from China, while the Nikkei index puts the discordant note trading lower by -0.6% above the 13500 points mark. Gold gapped higher at the open above the $1330, while Oil is also pressing higher shy of the $106 round.
Main headlines in the Asian Session:
End of RBA easing cycle nearing?
Bird flu case confirmed in China
New Zealand REINZ House Price Index (MoM) down to -0.5% vs 0%
China quietly launching unofficial stimulus. Flying under mainstream media's radar? - SCMP
Suspicions turn to claims in Chinese data manipulation
Big miss in Japan's Q2 GDP; Incremental sales tax hike looming?
Gold gaps higher, but still range-bound with 1,343 as the ST ceiling
Bloomberg article: Fonterra Scare Affected All New Zealand’s Exports, PM John Key Says
Japan PM adviser Honda says Q2 GDP shows conditions not appropriate for a sales tax hike
Japan PM Abe: Economy improving steadily due to government’s economic policies since last year
Reuters recap of Japan PM addressing reporters
Jean-Claude Trichet: Risk of a euro-zone breakup has faded, but “this is no time for complacency”