12 Dec 2013
Session recap: Crazy swings in the Aussie Dollar color Thursday’s Asian session
FXstreet.com (Barcelona) - The Asian session Thursday saw some wild swings in the Aussie Dollar and muted moves in other currencies as traders continued to digest the combination of economic data and chart messages to try to formulate their trading plans.
AUD turns and heads south despite strong data; DXY still in trouble
There was very counter-intuitive action in the Aussie Dollar as it has reversed course lower after rallying initially following the release of the better-than-expected Aussie jobs data. Meanwhile, even though there was some weakness early on in the euro and Yen, both currencies are back on the upside and weighing on the US Dollar Index once again.
Session Data Summary and Reactions
• Foreign investments by the Japanese public showed capital inflows for Japan – no real effect on the Yen.
• Aussie Consumer Inflation Expectations grew month over month – AUD was waiting for jobs data, so no real reaction.
• Aussie Employment Data beat expectations – AUD rallied initially but quickly gave all gains back and then some.
Main headlines in Asia:
Ichimoku readings hint Yen crosses at risk of further declines
EUR/USD finishes for a second straight day just below 1.3791 Fibo target. Pullback to 1.3693 next?
Stanley Fischer rumored next Fed Vice Chair
Upbeat Aus jobs opportunity to sell AUD
Nikkei headed back towards 15,000?
DXY straddling the flat line as the Asian session wears on. 79.63 next stop?
AUD turns and heads south despite strong data; DXY still in trouble
There was very counter-intuitive action in the Aussie Dollar as it has reversed course lower after rallying initially following the release of the better-than-expected Aussie jobs data. Meanwhile, even though there was some weakness early on in the euro and Yen, both currencies are back on the upside and weighing on the US Dollar Index once again.
Session Data Summary and Reactions
• Foreign investments by the Japanese public showed capital inflows for Japan – no real effect on the Yen.
• Aussie Consumer Inflation Expectations grew month over month – AUD was waiting for jobs data, so no real reaction.
• Aussie Employment Data beat expectations – AUD rallied initially but quickly gave all gains back and then some.
Main headlines in Asia:
Ichimoku readings hint Yen crosses at risk of further declines
EUR/USD finishes for a second straight day just below 1.3791 Fibo target. Pullback to 1.3693 next?
Stanley Fischer rumored next Fed Vice Chair
Upbeat Aus jobs opportunity to sell AUD
Nikkei headed back towards 15,000?
DXY straddling the flat line as the Asian session wears on. 79.63 next stop?