23 Mar 2015
Market Movers: G10 marginally weak vs USD, Equities firm in Asia – TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, summarizes the performance of FX, Yields and Equities during the Asian trade.
Key Quotes
“Most asset market movements were muted in the absence of market moving events, and the calendar remains somewhat bare throughout the week.”
“Most G10 crosses are marginally weaker vs the USD, -0.1%, while the NZD was the clear outperformer, +0.8%, dragged higher as stops were triggered on a break above US$0.7600/20 resistance. The AUDNZD cross hit a record low NZ$1.0220 despite the AUD posting a 0.55% gain to US$0.7815, near 1 month highs.”
“Yields across Australia and New Zealand are essentially unchanged/half a bp higher.”
“Equities are mostly firmer across Asia with Chinese stocks driving the gains in our region, up close to 2%. Japanese stocks are up nearly 1% and 250 points away from hitting 20000 while Australian equities underperformed (although near multi year highs).”
“Commodities are in the green, but some of the gains seen on the open have been given back. Gold is now unchanged at US$1182oz, WTI +0.5%, copper futures are up 0.5%, while iron ore futures are down 1.8%.”
Key Quotes
“Most asset market movements were muted in the absence of market moving events, and the calendar remains somewhat bare throughout the week.”
“Most G10 crosses are marginally weaker vs the USD, -0.1%, while the NZD was the clear outperformer, +0.8%, dragged higher as stops were triggered on a break above US$0.7600/20 resistance. The AUDNZD cross hit a record low NZ$1.0220 despite the AUD posting a 0.55% gain to US$0.7815, near 1 month highs.”
“Yields across Australia and New Zealand are essentially unchanged/half a bp higher.”
“Equities are mostly firmer across Asia with Chinese stocks driving the gains in our region, up close to 2%. Japanese stocks are up nearly 1% and 250 points away from hitting 20000 while Australian equities underperformed (although near multi year highs).”
“Commodities are in the green, but some of the gains seen on the open have been given back. Gold is now unchanged at US$1182oz, WTI +0.5%, copper futures are up 0.5%, while iron ore futures are down 1.8%.”