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18 Sep 2013
Session Recap: Specially quiet in Asia ahead of FOMC; Gold below $1300
FXstreet.com (Barcelona) - The USD moved marginally higher across the board during the Asian trading hours ahead of the key risk event of this triple witching week in the form of FOMC at 18:00 GMT, leaving EUR/USD exchange rate at 1.3355 while Cable at 1.5904.
AUD/USD dipped to session lows at 0.9336 but recovered to current 0.9347, with USD/JPY last at 99.22 off session highs at 99.34. Nikkei has been only index in the positive up more than +1.5%, while all the other trade in the red.
Gold broke lower to fresh 5-week lows at $1290 while Oil has managed to hold above recent fresh 2-week lows above the $105.5 mark. Domestic minr data in New Zealand and Australia came out better than expected.
Main headlines in the Asian Session:
Reasons why QE taper will happen in Sept
Australia CB Leading Indicator rises to 0.3% in July from -1.1%
Australia Westpac Leading Index (MoM) improves to 0.6% in July from 0%
China August House Price Index increase to 8.3% vs 7.5%
New Zealand finance minister English: Fonterra incident has boosted trust in NZ rules
AUD/USD dipped to session lows at 0.9336 but recovered to current 0.9347, with USD/JPY last at 99.22 off session highs at 99.34. Nikkei has been only index in the positive up more than +1.5%, while all the other trade in the red.
Gold broke lower to fresh 5-week lows at $1290 while Oil has managed to hold above recent fresh 2-week lows above the $105.5 mark. Domestic minr data in New Zealand and Australia came out better than expected.
Main headlines in the Asian Session:
Reasons why QE taper will happen in Sept
Australia CB Leading Indicator rises to 0.3% in July from -1.1%
Australia Westpac Leading Index (MoM) improves to 0.6% in July from 0%
China August House Price Index increase to 8.3% vs 7.5%
New Zealand finance minister English: Fonterra incident has boosted trust in NZ rules