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30 Apr 2013
Session Recap: Quiet end of month in Asia ahead of Wed FED meeting
FXstreet.com (Barcelona) - Yet another slow Asia-Pacific session this Tuesday with Japan back into business after a 3-day weekend, but China still closed on holidays, and USD index barely moving to the upside. Mostly all pairs and crosses inside tight ranges, ahead of a critical week with plenty of central bank meetings, including FED Wednesday and ECB Thursday. EUR7USD below 1.31, AUD/USD below 1.0360, Cable below 1.55, and USD/JPY below 98.
Local open share markets trade all in the positive but Nikkei index that is breaking even at the moment, while Korean Kospi advances +1.25%, Australian ASX +1.01%, and Hang-Seng +0.82%, with Shanghai closed. Oil is flat at fresh highs around the $94 handle, while Gold eases a bit from $1476 highs to current $1470 off session lows at $1468.
In the data front, worse than expected building consents and business confidence in New Zealand, along with private sector credit in Australia in line with previous but below expectations, while in Japan mixed data with better than expected unemployment and household spending, the latter at best pace since year 2004, and worse than expected industrial production and retail sales.
Main headlines in Asian session:
Wall Street rallies on US housing data and Italian 'finished' job
Forex: EUR/USD closes at 1.3100, just ahead the 1.3115 key price
Forex: NZD/USD holding above 0.8550
New Zealand March Home Building Approvals -9.1% MoM, +2% expected
Forex Flash: Euro may extend recovery toward $1.3350 - BBH
Commodities Brief: Oil closes sharply higher as “risk on” assets find steady buyers
Forex: AUD/USD capped below key Fibo level at 1.0360
Forex: EUR/JPY closes slightly higher as recent trading range continues
Forex: EUR/AUD – More consolidation before the next leg up?
Forex: USD/JPY above 98.00 again
Local open share markets trade all in the positive but Nikkei index that is breaking even at the moment, while Korean Kospi advances +1.25%, Australian ASX +1.01%, and Hang-Seng +0.82%, with Shanghai closed. Oil is flat at fresh highs around the $94 handle, while Gold eases a bit from $1476 highs to current $1470 off session lows at $1468.
In the data front, worse than expected building consents and business confidence in New Zealand, along with private sector credit in Australia in line with previous but below expectations, while in Japan mixed data with better than expected unemployment and household spending, the latter at best pace since year 2004, and worse than expected industrial production and retail sales.
Main headlines in Asian session:
Wall Street rallies on US housing data and Italian 'finished' job
Forex: EUR/USD closes at 1.3100, just ahead the 1.3115 key price
Forex: NZD/USD holding above 0.8550
New Zealand March Home Building Approvals -9.1% MoM, +2% expected
Forex Flash: Euro may extend recovery toward $1.3350 - BBH
Commodities Brief: Oil closes sharply higher as “risk on” assets find steady buyers
Forex: AUD/USD capped below key Fibo level at 1.0360
Forex: EUR/JPY closes slightly higher as recent trading range continues
Forex: EUR/AUD – More consolidation before the next leg up?
Forex: USD/JPY above 98.00 again