11 Jul 2013
Session Recap: USD smacked after Bernanke; Gold closer to $1300
FXstreet.com (Barcelona) - Early Asia-Pacific started throwing the greenback to the bin after FED Bernanke's words, questioning the end of QE as it had been highly anticipated before, sending EUR/USD to fresh 3-week highs above the 1.32 handle, while doing the same with Yen, posting fresh 2-week lows at 98.18 of the USD/JPY pair.
The Aussie also spiked to 0.93 on the news, retracing later on to around 0.92, recovering from there again on the back of better than expected Australian jobs figures. Cable rose to the vicinity of the 1.52 handle, trading last at 1.5150.
Most of local share markets are in the green with gains above 2% for Shanghai, Hong-Kong or Korea, while the Nikkei index is the only major one in the red down -0.47% despite much better than expected Japan core machinery orders. Gold spiked to fresh 11-day highs at $1290 breaking above key resistance at $1270, and Oil extended gains above the $106 mark.
Main headlines in the Asian Session:
New Zealand June Business NZ PMI down to 54.7 vs 59
New Zealand June Food Price Index (MoM) up to 2.1% vs 0.3%
GBP/USD rally capped at 1.5200 barrier
EUR/USD - mayhem pauses at 1.32 after insane stop loss squeezing
Japan: Machinery Orders (YoY) (May): 16.5% vs -1.1%
Gold breaks 20-day EMA, may target 1307 and 1318 - 2ndSkies
Australian jobs weak: only adds part time, rate at 5.7%
AUD/USD above 0.9250 after Aus jobs report
BoJ stands pat on easing plan
USD/JPY breaks below 99 again after BoJ
The Aussie also spiked to 0.93 on the news, retracing later on to around 0.92, recovering from there again on the back of better than expected Australian jobs figures. Cable rose to the vicinity of the 1.52 handle, trading last at 1.5150.
Most of local share markets are in the green with gains above 2% for Shanghai, Hong-Kong or Korea, while the Nikkei index is the only major one in the red down -0.47% despite much better than expected Japan core machinery orders. Gold spiked to fresh 11-day highs at $1290 breaking above key resistance at $1270, and Oil extended gains above the $106 mark.
Main headlines in the Asian Session:
New Zealand June Business NZ PMI down to 54.7 vs 59
New Zealand June Food Price Index (MoM) up to 2.1% vs 0.3%
GBP/USD rally capped at 1.5200 barrier
EUR/USD - mayhem pauses at 1.32 after insane stop loss squeezing
Japan: Machinery Orders (YoY) (May): 16.5% vs -1.1%
Gold breaks 20-day EMA, may target 1307 and 1318 - 2ndSkies
Australian jobs weak: only adds part time, rate at 5.7%
AUD/USD above 0.9250 after Aus jobs report
BoJ stands pat on easing plan
USD/JPY breaks below 99 again after BoJ