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10 Sep 2013
Session Recap: Aussie prints fresh 7-week highs; Gold eases
FXstreet.com (Barcelona) - Following best Australia NAB Business Confidence data since May 2011 the AUD/USD took out all stops above 0.9250 and is currently printing fresh 7-week highs at 0.9273 last while dealing with EUR/AUD support at 1.43 round, at the same time US SP500 futures trade near session highs above the 1670 level.
The USD/JPY traded range bound around the 99.50 level despite the Nikkei gaining more than +1% following BoJ minutes, extending yesterday's surge after Tokyo winning 2020 Olympics bid. EUR/USD also moved higher last at session highs 1.3263 amid overall USD weakness, with GBP/USD above the 1.57 handle.
Gold eased below the $1380 level along Oil although still above the $108.5 mark, with all local share markets in the Asia-Pacific showing gains. Military action against Syria being delayed one more time and positive data coming out of China as of late has improved market risk sentiment ahead of Thursday's ECB Draghi's speech.
Main headlines in the Asian Session:
Obama on NBC news: Not confident that Congress will vote to authorize use of force on Syria
New Zealand Electronic Card Retail Sales (MoM) improves to 0.8% in August from 0.4%
Japan July Tertiary Industry Index (MoM): -0.4%
BoJ minutes: Growing optimism to end deflation; fiscal responsibility main focus
NAB Business Confidence at highest level since May 2011
Kozo Yamamoto (LDP politician) says failure to raise sales tax may cause a sell off
The USD/JPY traded range bound around the 99.50 level despite the Nikkei gaining more than +1% following BoJ minutes, extending yesterday's surge after Tokyo winning 2020 Olympics bid. EUR/USD also moved higher last at session highs 1.3263 amid overall USD weakness, with GBP/USD above the 1.57 handle.
Gold eased below the $1380 level along Oil although still above the $108.5 mark, with all local share markets in the Asia-Pacific showing gains. Military action against Syria being delayed one more time and positive data coming out of China as of late has improved market risk sentiment ahead of Thursday's ECB Draghi's speech.
Main headlines in the Asian Session:
Obama on NBC news: Not confident that Congress will vote to authorize use of force on Syria
New Zealand Electronic Card Retail Sales (MoM) improves to 0.8% in August from 0.4%
Japan July Tertiary Industry Index (MoM): -0.4%
BoJ minutes: Growing optimism to end deflation; fiscal responsibility main focus
NAB Business Confidence at highest level since May 2011
Kozo Yamamoto (LDP politician) says failure to raise sales tax may cause a sell off