20 Feb 2015
Market Movers: Optimism over a EU-Greek deal, USD mixed – TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, shares the market performance in the Asian trade.
Key Quotes
“Trading conditions remain thin but orderly with most of Asia still out for Chinese New Year. Overnight price action and limited client activity today suggest the market is optimistic that a 11th hour deal between EU and Greek officials can be reached even though German officials rejected the latest Greek proposal overnight.”
“The USD is mixed, with the AUD and NZD +0.2% (US$0.7705 and US$0.7525), the Yen unchanged at ¥119.00 while most European currencies are off a touch, 0.05%.”
“Bond yields in Australia and New Zealand closed a touch higher, about 2-3 bps while US 10yrs are 1 bp lower at 2.11%.”
“In equities, the NKY continues to perform +0.4% but Australia and India were off 0.4%.”
“Gold is close to unchanged near US$1210, copper is weaker –0.4% while Brent crude is +0.6%. All eyes on today’s Eurogroup meeting in Brussels.”
Key Quotes
“Trading conditions remain thin but orderly with most of Asia still out for Chinese New Year. Overnight price action and limited client activity today suggest the market is optimistic that a 11th hour deal between EU and Greek officials can be reached even though German officials rejected the latest Greek proposal overnight.”
“The USD is mixed, with the AUD and NZD +0.2% (US$0.7705 and US$0.7525), the Yen unchanged at ¥119.00 while most European currencies are off a touch, 0.05%.”
“Bond yields in Australia and New Zealand closed a touch higher, about 2-3 bps while US 10yrs are 1 bp lower at 2.11%.”
“In equities, the NKY continues to perform +0.4% but Australia and India were off 0.4%.”
“Gold is close to unchanged near US$1210, copper is weaker –0.4% while Brent crude is +0.6%. All eyes on today’s Eurogroup meeting in Brussels.”