Asian market overview (quick)
- Nothing surprising in RBA minutes but some doubt now surfacing whether they cut in November or December:
- Nikkei gains nearly 1%:
- JPY crosses rally with continued M&A related buying keeping USD/JPY buoyant:
- FT headline that Spain is now ready to ask for bailout has also encouraged risk sentiment:
- Rio Tinto production numbers were reasonably decent, encouraging some positive AUD sentiment:
- AUD/NZD breaks above technical resistance at 1.2575 after latest NZ CPI data increased expectations of an RBNZ rate cut:
Very useful this overview for the europeans traders
Some wraps can be almost too comprehensive; I think traders just want to know the big events of the session
Completely right 😉
Sean, fully agree and Thanks for this. I have recently started reading DBS Singapore’s commentary which is published in PDF format in the below link. I find the currency section in Market Snapshot and Breakfast Spread very useful.
http://www.dbs.com.sg/personal/morning_snapshot/default.page