Results for 'China'
36 articles with this tag name
Aktualisiert Jun 10, 2013 6:20:45 PM
The Australian dollar has had a terrible start to the week, after a sell-off that was sparked by disappointing Chinese data sent the commodity currency lower across the board. AUDJPY only just managed to hold above a critical psychological level around 90.00. Chinese data is starting to make a habit of disappointing the market, which isn’t good news for the Aussie. China’s imports unexpectedly fell 0.3% y/y in May, while exports grew by a
[...] Weiter lesen...
Aktualisiert Jun 10, 2013 4:15:00 PM
AUDUSD gapped lower over the weekend to test a critical level of support around 0.9385/05, which saw the convergence of 2009 & April 2010 highs and the 2011 low, on the back of some poor China data announced over the weekend: While this data clearly points to a slowdown in China, the decline in Chinese Imports is particularly harmful to Australia (since it is their largest trading partner). Technically, it appears AUDUSD is trying to
[...] Weiter lesen...
Aktualisiert May 26, 2013 6:24:14 PM
The aussie dollar has been suffering heavily on the back of broad USD strength and specific aussie weakness. This combined with JPY strength last week to create the perfect cocktail for AUDJPY weakness. The pair punched through triangle resistance, which also happened to correspond with a break of a psychological support zone around 100 (see chart). Price action has also dipped below the pair’s 100day SMA, but we are still waiting for a confirmed
[...] Weiter lesen...
Aktualisiert May 24, 2013 12:18:55 AM
Up by the stairs, down by the elevator. Yesterday’s equity sell-off in Japan highlights the somewhat shaky foundations that this year’s equity rally has been built upon. Optimism is contagious, but pessimism is arguably more infectious. Shortly after hitting a resistance zone around 16,000 the Nikkei 225 lost the most ground in one day since the tragic earthquake of 2011, plummeting over 7.0% in yesterday’s session. But there wasn’t one overriding cause of the sell-off.
[...] Weiter lesen...
Aktualisiert May 15, 2013 10:12:41 PM
Last week the renminbi reached its highest level against the US dollar in 19 years. Since mid-2005 USDCNY has been on a controlled decent from a fixed position around 8.2765 to its low of 6.1307. If not for the intervention of Beijing the decrease would have been more of a collapse. However, is the renminbi still undervalued? From a fundamental perspective the Chinese currency is more fairly valued now than it was a decade ago,
[...] Weiter lesen...
Aktualisiert May 13, 2013 12:10:13 AM
The Australian dollar’s push below parity against the US dollar has dominated the headlines, but the downward movement of that pair is dwarfed by corresponding price action in GBPAUD. Since early April broad GBP strength and AUD weakness has resulted in over a 1000 pip move in the pair. Positive data surprises last month out of the UK (March PMI, Q1 GDP and April manufacturing) fuelled the rally in the British pound, while looser monetary
[...] Weiter lesen...
Aktualisiert May 8, 2013 1:17:52 AM
RBNZ Governor Wheeler sparked a sell-off in the kiwi after he stated that the RBNZ has been selling NZ dollars and is capable of further intervention to weaken the kiwi. This isn’t the first time the Governor has talked about intervention, but the idea of being on the wrong side of the fence if the bank were to start heavily amassing foreign currency spooked the market. NZDUSD lost just fewer than 100 pips immediately after
[...] Weiter lesen...
Aktualisiert May 3, 2013 1:23:05 AM
The Aussie and Kiwi retraced some of Wednesday’s losses against the dollar, while EURUSD and USDJPY remained flat throughout the session. USDJPY rocketed higher overnight on the back of better than expected data out of the US and an attempt from the ECB to stimulate growth in Europe. The ECB elected to cut its main interest rate and indicated it’s keeping an open mind about imposing negative deposit rates. The former was largely expected, but
[...] Weiter lesen...
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
[...] Weiter lesen...
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
[...] Weiter lesen...
<< Previous 1 2 3 4 Next >>
