16 Jan 2014
Session recap – a choppy foundation for the end of the week
FXstreet.com (Guatemala) - The session for Europe and the US has been choppy for the most part without any real conviction one way or the other. US fundamentals kept the markets on guard into the closing sessions.
US CPI came in line with consensus and didn’t have much impact directly, with the core CPI rising 0.1%. Jobless Claims was before which fell to 326,000 and gain came in line with expectations. We had the Philly Fed survey that came in stronger than expected by markets for January, and up on December by 3.0. Bedsides the US data we had more chatter with regards to the ECB’s deposit rate again with regards to going sub zero. There were some unexplained moves in the dollar and stops being triggered, but much of the activity there was embraced and leaves us back to the fundamentals once again, with markets convinced that the Fed will stick to the plan.
GBP/USD is broadly recovered on the day approaching the highs on the handle of 1.63.
EUR/USD is battling with the 1.36 handle while the pair is generally coming with a bearish bias.
AUD/USD has pulled back some losses from overnight when the pair dropped post a disappointing jobs report in Australia.
USD/JPY's decline from 104.75, following the US inflation data, found support at 104.15 with the pair trading back to test the 104.50 area. However the pair wasn't able to trade higher and now it is consolidating around 104.30.
US CPI came in line with consensus and didn’t have much impact directly, with the core CPI rising 0.1%. Jobless Claims was before which fell to 326,000 and gain came in line with expectations. We had the Philly Fed survey that came in stronger than expected by markets for January, and up on December by 3.0. Bedsides the US data we had more chatter with regards to the ECB’s deposit rate again with regards to going sub zero. There were some unexplained moves in the dollar and stops being triggered, but much of the activity there was embraced and leaves us back to the fundamentals once again, with markets convinced that the Fed will stick to the plan.
GBP/USD is broadly recovered on the day approaching the highs on the handle of 1.63.
EUR/USD is battling with the 1.36 handle while the pair is generally coming with a bearish bias.
AUD/USD has pulled back some losses from overnight when the pair dropped post a disappointing jobs report in Australia.
USD/JPY's decline from 104.75, following the US inflation data, found support at 104.15 with the pair trading back to test the 104.50 area. However the pair wasn't able to trade higher and now it is consolidating around 104.30.