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Thursday, April 12, 2012

> Aussie leads after data of the work while the Japanese Yen and the US Dollar fight

Fundamental headlines
-Decrease in deposits at its lowest since 2007 U.S. foreclosure - Bloomberg
-Yellen said jobs Outlook accommodating political mandates - Bloomberg
-Silent guns in the hours after the truce of Syria - Reuters
-Italian short term results - WSJ
-Will be the Inflation Kill there hopes? -WSJ
Summary of European Session
In recent weeks, the sense of global investors has eroded for two main reasons: the eurozone sovereign debt crisis. and the slowdown in China's growth. The currency which has been influenced the most by these events has easily been the Australian Dollar. Since March 1, the Australian Dollar was the main currency of less powerful, loser 3.10% to the US Dollar; This performance looks particularly brutal from the relatively strong performance by Canadians and the NZ $ in the same image, when they have only lost 0.98% and 1.31% against the US Dollar, respectively.
That these concerns, the Australian Dollar in circulation have accumulated, expectations of lower rates have soared in recent weeks, with the credit Switzerland Overnight Index Swaps suggests (as recent as yesterday) a chance to 97.0% a rate at the next meeting of the Australia Reserve Bank. Primarily, policymakers expressed concerns in a housing market deflate, price pressures, cooling and the labour market recently struggling.
The release of labour market last night has certainly facilitated some of the concerns of the decision-makers of the RBA. Not only data rash printing - 44.0 k actual versus 6.5 k scheduled - but partial picked up immensely, usually a sign that firms seek to expand their work forces (it is usually a precursor to employment full time).
For today, with decision makers to be a little less concerned about the economy - also marked less than 5.2% unemployment rate - rate cut expectations have decreased considerably, with the credit Switzerland ISB now showing a 82.0 percent chance of a rate of 25 points, 0-base cut at the next meeting of the RBA. The Australian Dollar has responded accordingly, surging against the lower yield currencies, the Japanese Yen and the US Dollar, levels tests key technical against him that would justify a change in medium-term exchange rate forecasts.
Take a look at credit, the market players continue to push the debt of periphery of the Euro zone after the comment by Benoit Couere who suggested that the ECB could resume to buy Spanish debt, Member of the Board of the Central Bank European. The periphery debt responded positively, the yields of 10 Italian years and falling Spanish 5.390 and 5.781%, respectively.
AUDJPY 5 min chart: 12 April 2012
Aussie_Leads_after_Labor_Data_While_Japanese_Yen_and_US_Dollar_Struggle_body_Picture_1.png, Aussie Leads after Labor Data While Japanese Yen and US Dollar StruggleGraphing with Marketscope - prepared by Christopher Vecchio
Overall, the Australian Dollar was the best performance of the major currencies, gaining 0.85% against the US Dollar. Products and European currencies were strong overall, with Canadians and the NZ $ 0.38% and 0.48% respectively, while the Euro firmed by 0.23% against the Dollar but two sessions Thursday. The Japanese Yen has been the worst performer, down 0.06%.
24-Hour price Action
Aussie_Leads_after_Labor_Data_While_Japanese_Yen_and_US_Dollar_Struggle_body_Picture_2.png, Aussie Leads after Labor Data While Japanese Yen and US Dollar StruggleAussie_Leads_after_Labor_Data_While_Japanese_Yen_and_US_Dollar_Struggle_body_Picture_8.png, Aussie Leads after Labor Data While Japanese Yen and US Dollar Struggle
Key levels: 13: 55 GMT
Aussie_Leads_after_Labor_Data_While_Japanese_Yen_and_US_Dollar_Struggle_body_Picture_5.png, Aussie Leads after Labor Data While Japanese Yen and US Dollar Struggle
So far, on Thursday, the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is low, trade at 9938.80 at the time when this report was written, after opening at 9968.85. The index traded only lower, with the high in the 9968.92 and the 9922.03 low.

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