OctaFX | OctaFX Forex Broker
Open trading account
Back

Session Recap: USD extends gains; Gold takes a hit

FXstreet.com (Barcelona) - The USD resumed the upside today above the 102 level against the Yen, taking down AUD/USD to 0.9965 for session lows, and EUR/USD around the 1.2960. USD/JPY posted a fresh 5-year high at 102.15, while NZD/USD broke below the 0.8270 mark to a 7-week low.

Local share markets all traded in the red with the exception of the Nikkei index that printed yet another fresh 5-year highs above the 14800 points mark. US SP500 futures opened the week to the downside, with Hang-Seng down -1%, Shanghai -0.21%, Australian ASX -0.19%, and Kospi -0.01%. Gold sold off below the $1430 level, while Oil held above the $95 mark, coming from slightly below the $96.

In the data front, New Zealand food price index lowered -0.1% year on year, Japan M2 money supply only rose +3.3% above expectations of +3.1%, while Home loans in Australia posted a +5.2% increase on a monthly basis, the highest monthly increase since year 2009, way above expectations. NAB business confidence in Australia decreased to -2 though, to the lowest in 2013.

Main healines in the Asian Session:

Japan rests re-assured not labeled 'currency manipulator' by G7

Italian coalition government at risk, warns PM Letta

Forex: Hedge funds buy USD, trend may last - FXWW

Forex: EUR/USD gaps lower post G7 meetings

Forex: USD/JPY - 102.00 is history now, blue sky until 103.60

Forex: NZD/USD breaks below 0.8300

Nikkei continues to surge higher

Japan’s Suga: It is clear that the economy is coming out of deflation

Forex: EUR/JPY holding gains above 132.00

Bearish views on the Yen simply unanimous

For traders involved in financial markets less than 4 years, the break-up of the 100.00 level in USD/JPY surely came as a psychological shock, although equally puzzling probably was to witness the loss of that magic level back in late 2008 by the more veteran traders.
Read more Previous

Forex: EUR/USD uncomfortable below 1.30, further definition needed

The EUR/USD drop from a 2 ½ month high above 1.32 to currently trade at a 5-week low in only a matter of 6 trading days defines the story of the pair, where erroneous seesawing conditions have surely frustrated traders trying to pick the right value levels to profit from short term moves.
Read more Next
Start livechat