Results for 'AUD'
108 articles with this tag name
Aktualisiert Apr 12, 2013 1:00:20 AM
In an extremely quiet session USDJPY backed away from 100.00 but the pair may just be lining up for another attempt at this key psychological level. Today’s pullback was largely due to profit taking amidst thin trading conditions, and was matched by price action in JGBs and the Nikkei. Kuroda’s spins the same old tale Kuroda was on the wires again, reiterating his promise to end deflation. The BoJ governor also repeated that the
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Aktualisiert Apr 11, 2013 1:01:06 AM
Labour force data out of Australia today dominated the headlines, with a surprisingly large drop in employment and the participation rate sending the unemployment rate to 5.6%, from 5.4%. Just over 36K jobs were shed during March and the labour force participation rate dropped to 65.1%, smashing the consensus estimate calling for a loss of 7.5K jobs and a drop in the participation rate to 65.2%. At face value this paints a pretty dismal picture
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Aktualisiert Apr 10, 2013 4:35:00 PM
Risk sentiment is higher and the dollar is mostly firmer against the majors except against the commodity currencies (NZD, AUD, CAD). There was no significant economic indicators released out of the US today and the FOMC minutes were mistakenly leaked which resulted in the report being released this morning at 0900ET instead of the scheduled time of 1400ET. Equities continue to push higher with the S&P 500 making new all-time highs and US treasury yields
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Aktualisiert Apr 10, 2013 1:13:04 AM
Another round of strong Chinese trade results lifted the Australian dollar back above 1.0500 against the US dollar. Exports rose 10% from a year earlier, slightly less than expected for March but extending a recent run of strong trade data. The biggest surprise came from a 14.1% y/y increase in imports, after falling 15.2% y/y to February. China’s import data, if taken at face value, suggests Beijing may be making headway towards a more domestic
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Aktualisiert Apr 9, 2013 12:09:40 AM
USD was the biggest loser today, with the yen sell-off taking a break. EURUSD burst through a resistance zone around 1.3040 which trigged a push to a session high around 1.3070. There was no real fundamental reason for the drive. Instead, it seems bulls overwhelmed bears after the pair failed to hold below 1.3000 in last night’s NY session. China’s CPI is expected to ease further Commodity currencies were bolstered by China’s March inflation
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Aktualisiert Apr 8, 2013 12:43:31 AM
USDJPY may be poised to break 100 sooner rather than later. The pair flirted with a resistance zone just below 99.00 today, and given the strength of the easing message sent last week by the BoJ, it would be bold to fight against the bank at this stage. There is still a lot more the bank can do in terms of aggressively easing policy; measures which may be enacted in the BoJ’s quest for 2%
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Aktualisiert Apr 3, 2013 12:31:55 AM
The US dollar outperformed, with commodities and the euro taking a bit hit. XAUUSD was hit by a second wave of selling in as many sessions, while EURUSD continued to drift lower. Also, the ASX 200 ignored positive local and international data in favour of weak Australian new home sales figures. The equity sell-off was mainly contained to Australia, although the Hang Seng has retraced its opening gains. The Nikkei 255 however, is currently in
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Aktualisiert Apr 2, 2013 12:31:14 AM
The RBA elected to leave the official cash rate on hold at 3.00%, citing slightly below trend growth and target levels of inflation. The bank retained a modest easing bias using its well-worn line that inflation provides scope for further easing if needed to stimulate demand. Then again, the bank noted that downside risk to global growth appears to be abating. On balance, the rhetoric from the RBA today is consistent with the bank’s current
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Aktualisiert Apr 1, 2013 5:30:32 PM
The Reserve Bank of Australia is widely expected to keep the official cash rate (OCR) at 3.00% at a policy meeting later today, citing recent strong domestic economic indicators and mixed conditions offshore. However, there is the possibility of another rate cut/s later this year if the Australian dollar strengthens further and/or non-mining growth fails to fill the gap left by an expected decrease in resource investment later this year. Today, the RBA is
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Aktualisiert Apr 1, 2013 11:40:00 AM
Markets are relatively quiet again today with most of Europe closed for holiday. Data out of Asia overnight was uninspiring with weakness in Japan’s quarterly Tankan survey and a weaker than expected increase in China’s manufacturing PMI. The buck is softer against most of the majors except for the commodity currencies (NZD, AUD, CAD) after weaker than anticipated US data. Activity is likely to pick up later in the week amid major central bank meetings
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