Asia FX Handover - 30th April 2019


  • AUD is today's weakest major after China's bleak manufacturing PMI data raised doubts over last-month's PMI ‘rebound’. AUD/JPY was the biggest mover, shedding -0.34% soon after PMI data and now trading -0.18% lower for the session. Asian equities are also mostly lower. 
  • USD sits in the middle of the pack, although EUR/USD is eyeing 1.1200 after nudging its way to a 4-day high in Asia. USD/JPY remains within this week’s tight range amid Japan’s 10-day ‘golden week’.  
  • WTI traders cautiously near yesterday’s high, still licking its wounds following WTI’s most bearish session this year on Friday. US10Y is steady around 2.54% after printing a bullish inside day yesterday. GBP/USD drift higher remains capped by 1.2952 resistance after forming a spinning top doji yesterday. 

 


 

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