30 Aug 2013
Session Recap: Markets relief after UK rejects Syria action; USD unchanged
FXstreet.com (Barcelona) - As the sun is rising in Rome, the USD is a little bit lower than it was at the NY close, last marginally below the 82 handle on the DXY spot index, with the EUR/USD currently flat at 1.3241 off session highs at 1.3355, while USD/JPY is quoted at 98.22 off session lows at 98.06 dragged on lower than expected Japan industrial production.
The AUD/USD instead recovered from early session fresh lows at 0.8896 to current session highs at 0.8949 helped on the UK Parliament negative vote to attack Syria, what also caused Oil to resume the selling to print fresh 3-day lows barely above the $107 handle. Gold also eased to session lows above the $1400, last recovering to around $1410.
Local share markets show a mixed picture with Nikkei still lower by -0.24% despite the fact started in the positive up more than +0.7% but reversed course after the domestic data, along with the Hang-Seng which is also slightly in the negative while mostly all the rest are in the light green. Japan CPI came in at the highest on yearly basis since late 2008.
Main headlines in the Asian Session:
UK PM Cameron loses vote on attack to Syria
British Defence Sec. Hammond: Expects military action against Syria will go ahead despite Britain dropping out
New Zealand Building Permits s.a. (MoM) increase to -0.8% in July from -4.3%
Bank of England’s Carney: Will provide stimulus until economy has reached self-sustaining growth
Japan Unemployment Rate falls to 3.8% in July from 3.9%
Japan's inflationary pressures picking up
Industrial Production for July (preliminary): 1.6% y/y (vs. expected 1.8%)
China foreign minister says there should be no UN Security Council action on Syria before chemical probe complete
Oil resumes the dumping after UK negative vote on Syria
The AUD/USD instead recovered from early session fresh lows at 0.8896 to current session highs at 0.8949 helped on the UK Parliament negative vote to attack Syria, what also caused Oil to resume the selling to print fresh 3-day lows barely above the $107 handle. Gold also eased to session lows above the $1400, last recovering to around $1410.
Local share markets show a mixed picture with Nikkei still lower by -0.24% despite the fact started in the positive up more than +0.7% but reversed course after the domestic data, along with the Hang-Seng which is also slightly in the negative while mostly all the rest are in the light green. Japan CPI came in at the highest on yearly basis since late 2008.
Main headlines in the Asian Session:
UK PM Cameron loses vote on attack to Syria
British Defence Sec. Hammond: Expects military action against Syria will go ahead despite Britain dropping out
New Zealand Building Permits s.a. (MoM) increase to -0.8% in July from -4.3%
Bank of England’s Carney: Will provide stimulus until economy has reached self-sustaining growth
Japan Unemployment Rate falls to 3.8% in July from 3.9%
Japan's inflationary pressures picking up
Industrial Production for July (preliminary): 1.6% y/y (vs. expected 1.8%)
China foreign minister says there should be no UN Security Council action on Syria before chemical probe complete
Oil resumes the dumping after UK negative vote on Syria