Results for 'AUD'
111 articles with this tag name
Aktualisiert May 1, 2013 12:56:08 AM
China’s growth rebound has taken another hit, with its manufacturing sector expanding less than expected according to an official survey of business sentiment. China’s purchasing mangers’ index fell to 50.6 in April from 50.9 the prior month, just missing a consensus estimate of around 50.7. The slump in sentiment in the heart of China’s economy is cornering, especially a decline in new export orders. While the headline figure is holding in expansion territory, albeit only
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Aktualisiert Apr 30, 2013 12:41:11 AM
The ASX 200 is looking like it may close at its highest level since 2008, with the financial sector leading the charge after ANZ raised its first-half dividend. Also, the broader market is feeding off a positive lead from the US on the back of better than expected housing data for March. Pending home sales increased 1.5% m/m, higher than an expected 1.0% increase and a prior 0.4% decrease. Building permits miss expectations, increasing
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Aktualisiert Apr 29, 2013 2:00:00 PM
Every Friday afternoon the US Commodities Futures Trading Commission, CFTC, releases its weekly Commitment of Traders report. In its simplest sense it measures if the FX futures market is long or short specific currencies versus the dollar. The report publishes different categories of trader to see if they are long or short, however we will concentrate on the non-commercial speculative end of the market (hedge funds etc.) as this tends to give a better take
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Aktualisiert Apr 26, 2013 1:01:09 AM
In a unanimous decision the BoJ elected to do nothing major at a monetary policy meeting today. In fact, the statement issued by the bank post-meeting was exceedingly short. This may have disappointed some investors looking for further guidance, but it comes after the massive amount of easing measures announced on the back of the bank’s last meeting. Given that the bank already has its hands full implementing prior easing measures and the fact that
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Aktualisiert Apr 23, 2013 4:05:00 PM
The US dollar is stronger across the board after weaker global PMI’s and a continued uptick in US housing market data. Growth concerns in Europe and in China were evident after disappointing PMI readings. China’s unofficial manufacturing PMI fell by more than anticipated to but remained above the 50 threshold with a print of 50.5 from the prior 51.6 – which suggests that the pace of expansion in manufacturing is slowing. In Europe, Germany’s PMI
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Aktualisiert Apr 23, 2013 12:50:03 AM
Investor sentiment took a hit on the back of weaker than expected manufacturing data out of China, with investors flocking to safe haven assets. The yen was a particular favourite of the market today, which isn’t surprising given its safe haven status and its failed attempt to push through 100.00 yesterday. USDJPY was sent below 99.00 on the back of China’s PMI data and continued to sell-off for the rest of the session, before eventually
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Aktualisiert Apr 22, 2013 4:05:00 PM
The USD is trading mixed against the major currencies – it is weaker against the GBP and stronger against the NOK while relatively flat against the rest of the G10. Economic data in the US disappointed again and there was dovish commentary from Fed officials. US treasury yields are lower and equity markets slightly higher which is consistent with expectations of ongoing stimulus. Norges Bank Governor Olsen said that the Bank is closely monitoring the
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Aktualisiert Apr 22, 2013 1:14:34 AM
The G20 has given a green light to the BoJ to continue on its path of aggressive monetary easing. The bank’s measures were not opposed by world leaders, which has resulted in a spout of yen weakens. The market was previously concerned that the BoJ would come under scrutiny for its aggressive easing campaign which has dramatically weakened the yen. However, it appears the G20 believes the rhetoric from Tokyo that the BoJ’s easing measures
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Aktualisiert Apr 19, 2013 12:51:46 AM
The yen lost more ground today against the majors after Japanese Finance Minister Aso said the G20 isn’t opposed to Japan’s policies, adding that Abe’s economic plans are aimed at ending deflation (implying that Tokyo isn’t directly targeting the yen). At prior meetings G20 officials had expressed concerns about currency manipulation, which brought the possibility of further quarrels at this week’s meeting over the issue to the attention of investors. There was some talk of
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Aktualisiert Apr 17, 2013 12:47:25 AM
Amidst a lack of market moving events, consolidation trading took hold of markets in Asia. Most major equity markets held onto their opening gains on the back of a positive handover from US markets. US housing starts were more than expected in March, reinforcing the notion of an recovery in the world’s largest economy. However, China’s recent GDP miss is still weighing on commodity currencies, which are struggling to regain all of their lost ground.
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