13 Jan 2015
Market Movers: Chinese exports startle, RUB declines against the USD
FXStreet (Barcelona) - The Asian session saw release of China and Japan’s trade balance data, with Chinese exports coming out way better anticipated at 9.9% (consensus: 6.8%, previous 4.7%). Japan trade balance data number registered a smaller deficit at JPY637B (consensus: JPY 734B). The falling oil led Nikkei to see a negative open, closing 0.64% lower at 17.087.71, while Chinese Equities rallied after the trade data, sending The Shanghai Composite Index higher by 0.19%.
On a daily basis, AUD/USD gained 0.27% to trade at 0.8175 while NZD/USD is up 0.08% at 0.7780. The longer term outlook for AUD being bearish with Nomura forecasting it to stabilise at 0.76 against the USD in 2015. EUR/USD is up 0.16% trading above the 0.18handle at 0.1847 while GBP/USD has lost 0.13% to trade at 1.5145. USD/JPY continues to hover between 118-119 levels, currently down 0.05% at 118.34.
Oil rout continues, with WTI and Brent both below the $50/barrel levels. WTI Crude is down 3.46% at USD 45.19/ barrel while Brent Crude trades at USD 46.88/barrel, down 3.76%. Gold has continued its upward momentum, with Gold Futures currently 0.77% higher at USD 1242.55/Oz.
The top gainers in the FX space are USD/RUB at 65.2083 (+1.38%), followed by ZAR/JPY (+0.37%) and AUD/SGD (+0.36%). The top losers being GBP/AUD at 1.8503 (-0.56%), GBP/NZD at 1.9443 (-0.42%) and USD/ZAR (-0.40%).
On a daily basis, AUD/USD gained 0.27% to trade at 0.8175 while NZD/USD is up 0.08% at 0.7780. The longer term outlook for AUD being bearish with Nomura forecasting it to stabilise at 0.76 against the USD in 2015. EUR/USD is up 0.16% trading above the 0.18handle at 0.1847 while GBP/USD has lost 0.13% to trade at 1.5145. USD/JPY continues to hover between 118-119 levels, currently down 0.05% at 118.34.
Oil rout continues, with WTI and Brent both below the $50/barrel levels. WTI Crude is down 3.46% at USD 45.19/ barrel while Brent Crude trades at USD 46.88/barrel, down 3.76%. Gold has continued its upward momentum, with Gold Futures currently 0.77% higher at USD 1242.55/Oz.
The top gainers in the FX space are USD/RUB at 65.2083 (+1.38%), followed by ZAR/JPY (+0.37%) and AUD/SGD (+0.36%). The top losers being GBP/AUD at 1.8503 (-0.56%), GBP/NZD at 1.9443 (-0.42%) and USD/ZAR (-0.40%).