Session Recap: Asian markets muted ahead of NFP; Copper breaks higher

FXstreet.com (Barcelona) - With Japan closed again for holiday and markets awaiting US NFP later on at 12:30 GMT, Asia-Pacific session went on very quietly. USD index eased a very small margin on slightly AUD, NZD and EUR strength. EUR/USD printed session highs at 1.3079, while AUD/USD did so at 1.0279, and NZD/USD at 0.8538.

Local share markets show mixed results mostly in the green lead by Hong-Kong up +0.78% and Shanghai. Gold printed session highs at $1477 in the spot market while Copper rose more than 2%, and Oil remained stable following the big gains during previous sessions, last above the $93 mark.

In the data front Australia PPI 1Q came in higher than expected at +1.6% year on year, while AIG services index had its worst result at 44.1 in last 4 months, with China PMI services also disappointing at 54.5 below previous at 55.6.

Main headlines in the Asian session:

Forex: USD/CAD testing 1.0110 offers after new BoC announcement

Forex: EUR/USD holds above the 1.3050 and focuses on NFP to see the future

Commodities Brief: Oil regains most of previous losses, closes day +3.37%

Forex: EUR/JPY finishes slightly lower after roller-coaster day

Forex: USD/JPY shrugs off early weakness, finishes sharply higher

Australia AiG Performance of Services Index decreases to 44.1 in Apr from 49.6

China Apr Non-manufacturing PMI falls to 54.5 vs 55.6

Forex: AUD/NZD pressing lower against 1.2050 level

Australia Producer Price Index (YoY) up to 1.6% in 1Q from 1%

Forex: GBP/JPY closes higher but remains in consolidation on daily chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS