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14 Aug 2013
Session Recap: USD marginally lower on Yen strength; Hong-Kong closed
FXstreet.com (Barcelona) - Another unnoticeable Asian trading session to forget with only USD weakness coming from Yen strength and Nikkei reversing from day highs to session lows currently underwater by -0.54% and USD/JPY near 97.90.
EUR/USD has been practically unchanged throughout the whole session last at 1.3263 off NY session weekly lows at 1.3232, while GBP/USD has held above key support 1.5440. AUD/USD dipped to session lows at 0.9080 despite better than previous Australian consumer confidence data, recovering from there to trade last at 0.9104, still below session highs at 0.9111.
Local share markets trade mixed with the Nikkei index leading the way down while Hong-Kong remains closed as a typhoon is hitting the city and Korean Kospi lead the gains with some +0.25%. Gold has remained stable close to the $1322 level and Oil above $106, where it has been around all this past month.
Main headlines in the Asian Session:
Overnight press – Indian government raises the import tax on gold for the third time this year, from 8% to 10%
Fed’s Lockhart reiterates September reduction in Federal bond buying
New Zealand: Retail Sales (QoQ) (2Q): 1.7% vs 0.9%
Australia Westpac Consumer Confidence Index rises to 105.7 in August from 102.1
HK closed on Typhoon; Nikkei up 0.5%
Australia: Wage Price Index (YoY) (2Q): 2.9% vs 3.2%
New Zealand says Russia temporarily suspends some dairy imports
Flash: Next RBA cut November, more cuts may follow - NAB
EUR/USD has been practically unchanged throughout the whole session last at 1.3263 off NY session weekly lows at 1.3232, while GBP/USD has held above key support 1.5440. AUD/USD dipped to session lows at 0.9080 despite better than previous Australian consumer confidence data, recovering from there to trade last at 0.9104, still below session highs at 0.9111.
Local share markets trade mixed with the Nikkei index leading the way down while Hong-Kong remains closed as a typhoon is hitting the city and Korean Kospi lead the gains with some +0.25%. Gold has remained stable close to the $1322 level and Oil above $106, where it has been around all this past month.
Main headlines in the Asian Session:
Overnight press – Indian government raises the import tax on gold for the third time this year, from 8% to 10%
Fed’s Lockhart reiterates September reduction in Federal bond buying
New Zealand: Retail Sales (QoQ) (2Q): 1.7% vs 0.9%
Australia Westpac Consumer Confidence Index rises to 105.7 in August from 102.1
HK closed on Typhoon; Nikkei up 0.5%
Australia: Wage Price Index (YoY) (2Q): 2.9% vs 3.2%
New Zealand says Russia temporarily suspends some dairy imports
Flash: Next RBA cut November, more cuts may follow - NAB