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12 Jun 2013
Session Recap: EUR/USD awaiting German court ruling above 1.33 with half Asia closed
FXstreet.com (Barcelona) - Very quiet session in the Asia-Pacific with half local markets closed over holiday, including China Mainland and Hong-Kong, and EUR/USD ranging in a very tiny 11 pip range above 1.3300, more or less like USD index, trapped inside the 81.15/05 band since late NY trade.
Volatility in small doses came from Aussie and Yen, although just to end up more or less unchanged from NY close, with AUD and NZD slightly stronger across the board, as markets await final decision ruling over OMT from German Constitutional Court.
Nikkei index is down -2.02%, while Australian ASX index loses -0.82%, and Korean Kospi -0.39%. Gold and Oil are also almost unchanged from the NY close, with domestic data favorable for Australia and discouraging for Japan showing core machinery orders fell again -8.8% on monthly basis below expectations at -8.4%, coming from previous at +14.2%.
Main headlines in the Asian Session:
Slovenia to rescue its banking sector
PIMCO cuts its holding of Treasuries from 39% to 37% in May
Japan to become more like Cyprus – bail-ins for Japan banks
Japan Machinery Orders (YoY) down to -1.1% in Apr from 2.4%
Australia Westpac Consumer Confidence rises to 4.7% in Jun from -7%
Commodities Brief: Precious metals fall victim to 'risk off' selling
BOJ buying JGBs today
EUR/USD: Sovereign sellers reported towards 1.3350
Goldman Sachs (ex chairman of Asset Management) Jim O’Neill asks: Can Bernanke Avoid a Meltdown in the Bond Market?
Volatility in small doses came from Aussie and Yen, although just to end up more or less unchanged from NY close, with AUD and NZD slightly stronger across the board, as markets await final decision ruling over OMT from German Constitutional Court.
Nikkei index is down -2.02%, while Australian ASX index loses -0.82%, and Korean Kospi -0.39%. Gold and Oil are also almost unchanged from the NY close, with domestic data favorable for Australia and discouraging for Japan showing core machinery orders fell again -8.8% on monthly basis below expectations at -8.4%, coming from previous at +14.2%.
Main headlines in the Asian Session:
Slovenia to rescue its banking sector
PIMCO cuts its holding of Treasuries from 39% to 37% in May
Japan to become more like Cyprus – bail-ins for Japan banks
Japan Machinery Orders (YoY) down to -1.1% in Apr from 2.4%
Australia Westpac Consumer Confidence rises to 4.7% in Jun from -7%
Commodities Brief: Precious metals fall victim to 'risk off' selling
BOJ buying JGBs today
EUR/USD: Sovereign sellers reported towards 1.3350
Goldman Sachs (ex chairman of Asset Management) Jim O’Neill asks: Can Bernanke Avoid a Meltdown in the Bond Market?