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3 May 2013
Session Recap: Asian markets muted ahead of NFP; Copper breaks higher
FXstreet.com (Barcelona) - With Japan closed again for holiday and markets awaiting US NFP later on at 12:30 GMT, Asia-Pacific session went on very quietly. USD index eased a very small margin on slightly AUD, NZD and EUR strength. EUR/USD printed session highs at 1.3079, while AUD/USD did so at 1.0279, and NZD/USD at 0.8538.
Local share markets show mixed results mostly in the green lead by Hong-Kong up +0.78% and Shanghai. Gold printed session highs at $1477 in the spot market while Copper rose more than 2%, and Oil remained stable following the big gains during previous sessions, last above the $93 mark.
In the data front Australia PPI 1Q came in higher than expected at +1.6% year on year, while AIG services index had its worst result at 44.1 in last 4 months, with China PMI services also disappointing at 54.5 below previous at 55.6.
Main headlines in the Asian session:
Forex: USD/CAD testing 1.0110 offers after new BoC announcement
Forex: EUR/USD holds above the 1.3050 and focuses on NFP to see the future
Commodities Brief: Oil regains most of previous losses, closes day +3.37%
Forex: EUR/JPY finishes slightly lower after roller-coaster day
Forex: USD/JPY shrugs off early weakness, finishes sharply higher
Australia AiG Performance of Services Index decreases to 44.1 in Apr from 49.6
China Apr Non-manufacturing PMI falls to 54.5 vs 55.6
Forex: AUD/NZD pressing lower against 1.2050 level
Australia Producer Price Index (YoY) up to 1.6% in 1Q from 1%
Forex: GBP/JPY closes higher but remains in consolidation on daily chart
Local share markets show mixed results mostly in the green lead by Hong-Kong up +0.78% and Shanghai. Gold printed session highs at $1477 in the spot market while Copper rose more than 2%, and Oil remained stable following the big gains during previous sessions, last above the $93 mark.
In the data front Australia PPI 1Q came in higher than expected at +1.6% year on year, while AIG services index had its worst result at 44.1 in last 4 months, with China PMI services also disappointing at 54.5 below previous at 55.6.
Main headlines in the Asian session:
Forex: USD/CAD testing 1.0110 offers after new BoC announcement
Forex: EUR/USD holds above the 1.3050 and focuses on NFP to see the future
Commodities Brief: Oil regains most of previous losses, closes day +3.37%
Forex: EUR/JPY finishes slightly lower after roller-coaster day
Forex: USD/JPY shrugs off early weakness, finishes sharply higher
Australia AiG Performance of Services Index decreases to 44.1 in Apr from 49.6
China Apr Non-manufacturing PMI falls to 54.5 vs 55.6
Forex: AUD/NZD pressing lower against 1.2050 level
Australia Producer Price Index (YoY) up to 1.6% in 1Q from 1%
Forex: GBP/JPY closes higher but remains in consolidation on daily chart