OctaFX | OctaFX Forex Broker
Open trading account
Back

Session Recap: Soft local data; AUD lower, USD unch, and Commodities higher

FXstreet.com (Barcelona) - Little changes in Monday's weekly opening session in Asia-Pacific, with the USD slightly in the negative specially against EUR, GBP, NZD, while about flat against JPY and CAD, and higher against AUD.

Local share markets show gains overall near +1% catching up with Friday's rally in US equities, while Gold has spiked above the $1471 mark printing fresh session highs at $1479, last at $1475. Oil also has jumped above the $96 mark on growing Syria tensions, printing fresh 1-month highs above the $97 handle for the June contract.

In the data side Australia reported lower than expected retail sales and job ads, although inflation data slightly better than expected, while Japan has been closed for holidays, ahead of London also closed this Monday. The HSBC non-manufacturing PMI for China also came in softer than experted at 51.1 vs 54.3, its worst reading in more than a year.

Main headlines in the Asian session:

Israel strikes Syria targetting missiles: security sourse

France calls end of the austerity dogma

Forex Flash: USD/JPY looks poised to try 100.00 again - BBH

Forex: EUR/USD still range bound after very busy week of data

New Zealand finance minister English: May 16 budget will ‘confirm track to surplus’

Forex: EUR/JPY nearing ‘pennant’ pattern break out on daily chart?

Forex: NZD/USD edges higher in early Asia trade

Australia: Investment pipeline slowing dramatically

Australia March retail sales below expectations

Forex: AUD/USD edges lower after weak Aussie retail sales number

China Apr HSBC China Services PMI declines to 51.1 vs 54.3

Commodities Brief: Copper futures rise most in 18 months as US Jobs Data fuels short squeeze

Forex: AUD/NZD fresh 3.5-year low on weak Aus data

Forex: GBP/JPY notches highest close since August 2009

Rio to axe more jobs in Australia

Forex Flash: After Malaysian election, further Ringgit gains to be limited - ANZ

Malaysian general elections held yesterday, one of the tightest in the country’s history, is finally out of the way, with the incumbent Barisan Nasional (BN) coalition securing enough seats to govern for another five years.
Read more Previous

Forex Flash: Look to sell Aussie on any bounce after RBA Rate Decision – NAB

The Australian dollar is trading slightly lower to start the week, down 24 pips at 1.0284. The pair had initially traded as high as 1.0308 earlier in the session, but has been drifting lower after the release of AUD Retail Sales which came in at -0.4% actual vs. 0.2% expected. All eyes will be on the upcoming RBA Rate decision, due out on May 7th at 4:30GMT.
Read more Next
Start livechat