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29 Apr 2013
Session Recap: Italian PM elected; Yen strength and USD weakness with Japan and China closed
FXstreet.com (Barcelona) - Quiet Asian session with broad USD weakness and Yen strength amid thin markets due to Japan and China closed over holidays. USD/JPY printed fresh 8-day lows at 97.32, while GBP/USD touched fresh 10-week highs at 1.5525.
EUR/USD jumped to session highs at 1.3070 on Italian new government formation, but soon eased from there to recent 1.3050, while Aussie has printed session highs at 1.0320 on Australia PM Gillard's comments about future current account surplus.
Gold moved to session highs at $1474 adding $12 since past Friday's close, while Oil has retraced slightly below the $92.50 mark. Local open share markets have traded in a mix fashion, with Australian ASX gaining more than +0.4%, while Korean Kospi and Hang-Seng are both in the negative.
Main headlines in the Asian Session:
Enrico Letta sworn in as new Italian PM
Forex Flash: USD/JPY carving out a potential double top - BBH
Japanese and Chinese markets closed today
Forex: EUR/USD edging higher after new Italian PM elected
Greece passes bill to unlock further aid
Forex Flash: Big week with central bank policy meetings - NAB
Goldman Sachs have ended their gold short recommendation
Forex: AUD/JPY edging lower towards support at 99.90
Forex: USD/JPY continues to trade lower, breaks through initial support of 97.55
Australia PM Gillard: Australia to deliver budget surpluses in mid-term
Forex: EUR/JPY down below 127.50 on Yen strength
EUR/USD jumped to session highs at 1.3070 on Italian new government formation, but soon eased from there to recent 1.3050, while Aussie has printed session highs at 1.0320 on Australia PM Gillard's comments about future current account surplus.
Gold moved to session highs at $1474 adding $12 since past Friday's close, while Oil has retraced slightly below the $92.50 mark. Local open share markets have traded in a mix fashion, with Australian ASX gaining more than +0.4%, while Korean Kospi and Hang-Seng are both in the negative.
Main headlines in the Asian Session:
Enrico Letta sworn in as new Italian PM
Forex Flash: USD/JPY carving out a potential double top - BBH
Japanese and Chinese markets closed today
Forex: EUR/USD edging higher after new Italian PM elected
Greece passes bill to unlock further aid
Forex Flash: Big week with central bank policy meetings - NAB
Goldman Sachs have ended their gold short recommendation
Forex: AUD/JPY edging lower towards support at 99.90
Forex: USD/JPY continues to trade lower, breaks through initial support of 97.55
Australia PM Gillard: Australia to deliver budget surpluses in mid-term
Forex: EUR/JPY down below 127.50 on Yen strength