22 Dec 2014
Market Movers: Japanese equities index retreats, AUD/NZD rebounds
Last weeks data heavy docket led to sizeable volatility in FX majors, due to the USD correction at the start and dominance later, with EUR/USD and AUD/USD making fresh lows, US equities making their biggest two-day gains of the year and US 30y treasury yields trading 35bp away from all-time lows of 2.50%. The Asian session today saw profit booking in Japanese equities index retreating after previous week’s rally.
he EUR/USD pair posted a fresh daily high of 1.2249 after the seeing 2-year lows of 1.2219 previously. USD strength and a positive US economic outlook triggered heavy losses in the pair which currently trades at 1.2262 up 0.34%. GBP/USD is up 0.16% at 1.5649.
AUD/NZD rebounded after witnessing losses for around two months, trading at 1.0534, up 0.24%. AUD/USD trades at 0.8155 (+0.17%) while NZD/USD trades unchanged at 0.7738 (-0.01%). USD/JPY still continues to be a puppet of USD strength and BoJ’s status quo, with the recent BoJ’s statement indicating further easing helping the pair stay above 119 levels. The pair currently trades at 119.70, up 0.13%.
Oil has not only caused the Russian Rouble massacre but also helped increase deflation concerns in the Eurozone and Japan. Brent Crude Oil Futures are at 62.63 (+2.34%) while WTI Crude Oil Futures are up 2.51% at 58.34. Gold Futures are up 0.24% at 1198.75, still below 1200 levels.
Top gainers of the day include USD/HUF (+0.67%), CHF/PLN (+0.61%), CHF/SGD (+0.50%), while EUR/NZD (1.5857) and EUR/JPY (146.7875) are both up 0.47%. USD/RUB is down 0.85% at 56.6654. USD/NOK at 7.3782 (-0.54%), NZD/CHF at 0.7625 (-0.44%) and NZD/CAD at 0.8993 (-0.43%) are the other top three losers of the day in the FX space.
Key highlights of the day:
USD/JPY hits fresh daily high
EUR/USD recovers, hits fresh daily high
AUD/NZD rebounds on weak NZ Consumer Confidence
he EUR/USD pair posted a fresh daily high of 1.2249 after the seeing 2-year lows of 1.2219 previously. USD strength and a positive US economic outlook triggered heavy losses in the pair which currently trades at 1.2262 up 0.34%. GBP/USD is up 0.16% at 1.5649.
AUD/NZD rebounded after witnessing losses for around two months, trading at 1.0534, up 0.24%. AUD/USD trades at 0.8155 (+0.17%) while NZD/USD trades unchanged at 0.7738 (-0.01%). USD/JPY still continues to be a puppet of USD strength and BoJ’s status quo, with the recent BoJ’s statement indicating further easing helping the pair stay above 119 levels. The pair currently trades at 119.70, up 0.13%.
Oil has not only caused the Russian Rouble massacre but also helped increase deflation concerns in the Eurozone and Japan. Brent Crude Oil Futures are at 62.63 (+2.34%) while WTI Crude Oil Futures are up 2.51% at 58.34. Gold Futures are up 0.24% at 1198.75, still below 1200 levels.
Top gainers of the day include USD/HUF (+0.67%), CHF/PLN (+0.61%), CHF/SGD (+0.50%), while EUR/NZD (1.5857) and EUR/JPY (146.7875) are both up 0.47%. USD/RUB is down 0.85% at 56.6654. USD/NOK at 7.3782 (-0.54%), NZD/CHF at 0.7625 (-0.44%) and NZD/CAD at 0.8993 (-0.43%) are the other top three losers of the day in the FX space.
Key highlights of the day:
USD/JPY hits fresh daily high
EUR/USD recovers, hits fresh daily high
AUD/NZD rebounds on weak NZ Consumer Confidence