AUD,NZD/FXWW News/Open/Wrap

Asian market overview; only minor moves in AUD to report

  • AUD/USD rallied from .9185 to .9230 on the back of decent hedge fund demand, trimming shorts is what I’m hearing.
  • Plenty of solid offers reported on all major interbank near the highs.
  • Reports of very unusual demand in Australian bond markets has given the AUD a boost.
  • EUR/AUD again touched important support near 1.4450.
  • USD/JPY chopped around 15 pips either side of 97.60 opening level. Higher US yields yet to have any major impact on an already long market. Expect more 96.50/98.50 range trading this week.
  1. What a Day! The Usd/jpy has erased all its gains from today and gone back where it started from Sunday. Also since the nikkei close tokyo time at 13758 for monday the japan 225 futures has gone straight back down to 13550(New York time 5pm) right where the Nikkei started on Sunday, So im guessing as soon as the market opens most likely the usd/jpy should be down a few pips since the Nikkei will probably follow the futures and shed some points! Today has been a empty day with practically an empty economic Calander. Lets see what Tuesday interday trading brings!

Leave a Reply

Your email address will not be published. Required fields are marked *