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6 May 2013
Session Recap: Soft local data; AUD lower, USD unch, and Commodities higher
FXstreet.com (Barcelona) - Little changes in Monday's weekly opening session in Asia-Pacific, with the USD slightly in the negative specially against EUR, GBP, NZD, while about flat against JPY and CAD, and higher against AUD.
Local share markets show gains overall near +1% catching up with Friday's rally in US equities, while Gold has spiked above the $1471 mark printing fresh session highs at $1479, last at $1475. Oil also has jumped above the $96 mark on growing Syria tensions, printing fresh 1-month highs above the $97 handle for the June contract.
In the data side Australia reported lower than expected retail sales and job ads, although inflation data slightly better than expected, while Japan has been closed for holidays, ahead of London also closed this Monday. The HSBC non-manufacturing PMI for China also came in softer than experted at 51.1 vs 54.3, its worst reading in more than a year.
Main headlines in the Asian session:
Israel strikes Syria targetting missiles: security sourse
France calls end of the austerity dogma
Forex Flash: USD/JPY looks poised to try 100.00 again - BBH
Forex: EUR/USD still range bound after very busy week of data
New Zealand finance minister English: May 16 budget will ‘confirm track to surplus’
Forex: EUR/JPY nearing ‘pennant’ pattern break out on daily chart?
Forex: NZD/USD edges higher in early Asia trade
Australia: Investment pipeline slowing dramatically
Australia March retail sales below expectations
Forex: AUD/USD edges lower after weak Aussie retail sales number
China Apr HSBC China Services PMI declines to 51.1 vs 54.3
Commodities Brief: Copper futures rise most in 18 months as US Jobs Data fuels short squeeze
Forex: AUD/NZD fresh 3.5-year low on weak Aus data
Forex: GBP/JPY notches highest close since August 2009
Rio to axe more jobs in Australia
Local share markets show gains overall near +1% catching up with Friday's rally in US equities, while Gold has spiked above the $1471 mark printing fresh session highs at $1479, last at $1475. Oil also has jumped above the $96 mark on growing Syria tensions, printing fresh 1-month highs above the $97 handle for the June contract.
In the data side Australia reported lower than expected retail sales and job ads, although inflation data slightly better than expected, while Japan has been closed for holidays, ahead of London also closed this Monday. The HSBC non-manufacturing PMI for China also came in softer than experted at 51.1 vs 54.3, its worst reading in more than a year.
Main headlines in the Asian session:
Israel strikes Syria targetting missiles: security sourse
France calls end of the austerity dogma
Forex Flash: USD/JPY looks poised to try 100.00 again - BBH
Forex: EUR/USD still range bound after very busy week of data
New Zealand finance minister English: May 16 budget will ‘confirm track to surplus’
Forex: EUR/JPY nearing ‘pennant’ pattern break out on daily chart?
Forex: NZD/USD edges higher in early Asia trade
Australia: Investment pipeline slowing dramatically
Australia March retail sales below expectations
Forex: AUD/USD edges lower after weak Aussie retail sales number
China Apr HSBC China Services PMI declines to 51.1 vs 54.3
Commodities Brief: Copper futures rise most in 18 months as US Jobs Data fuels short squeeze
Forex: AUD/NZD fresh 3.5-year low on weak Aus data
Forex: GBP/JPY notches highest close since August 2009
Rio to axe more jobs in Australia