Asia Brief: New Zealand Current Account QoQ NZ$-1.06bln vs NZ$-0.95bln expected. New Zealand Current Account YoY NZ$-5.80bln vs NZ$-5.79bln expected. Australia MI Leading Index MoM -0.1 % vs -0.1 % prior. China MNI Business Indicator 52.2 vs 57.3 prior.
Global Markets: Nikkei down 0.20 %, Shanghai Composite fell 0.05 %, Hang Seng rose 1.10 %, ASX down 0.65 %. Gold at $1238 (+0.10 %), Silver at $18.74 (+0.10 %), Crude Oil at $93.62 (-0.20 %). US 10 year yield at 2.58.
FX Overview: A rather quiet session in FX. AUD/USD retraced some of the gains made in the last NY session, hitting a low of 0.9058. Key intraday support now lies at 0.9053, 0.9020 and 0.8985. USD/JPY consolidated in a 107.10-30 range. Supply from exporters capped the topside again, while importers and specs noted buyers overnight. USD/CAD remains offered and might head for a test of the 1.0940 support level ahead of the FOMC. The main events in the upcoming EU session will be the BoE Minutes & UK employment data at 0830 GMT and then Euro Zone CPI figures at 0900 GMT.
Good luck!
Global Markets: Nikkei down 0.20 %, Shanghai Composite fell 0.05 %, Hang Seng rose 1.10 %, ASX down 0.65 %. Gold at $1238 (+0.10 %), Silver at $18.74 (+0.10 %), Crude Oil at $93.62 (-0.20 %). US 10 year yield at 2.58.
FX Overview: A rather quiet session in FX. AUD/USD retraced some of the gains made in the last NY session, hitting a low of 0.9058. Key intraday support now lies at 0.9053, 0.9020 and 0.8985. USD/JPY consolidated in a 107.10-30 range. Supply from exporters capped the topside again, while importers and specs noted buyers overnight. USD/CAD remains offered and might head for a test of the 1.0940 support level ahead of the FOMC. The main events in the upcoming EU session will be the BoE Minutes & UK employment data at 0830 GMT and then Euro Zone CPI figures at 0900 GMT.
Good luck!
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