Asian share markets mostly in the red

FXstreet.com (Barcelona) - Local share markets in the Asia-Pacific are showing loses overall with the exception of the Shanghai Composite index that is almost breaking even moving in between +0.05% and -0.06% following better than expected China PMI services.

Nikkei index is down about -0.75% since session started following late selling off in US equities and an early earthquake felt in Tokyo around the market open. Yen strengthening is also weighing on Japanese stocks.

Hong-Kong's Hang-Seng is losing some -0.5%, while Korean Kospi is down -0.2%, and Australian ASX -0.70% in line with Nikkei.

EUR/AUD threatening to break 1.4483 support after in-line Aussie GDP

Basically in-line GDP numbers out of Australia only served to weigh down the already weak EUR/AUD further. Traders will now turn to European data to determine whether 1.4483 support breaks.
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EUR/USD still under the gun but above 1.3152 Fibonacci target

The short-term oversold EUR/USD tested the second of two Fibonacci projections at 1.3152 on Tuesday and may have started to base sideways ahead of the rest of the week’s news.
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