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Old 13-01-2014, 13:53
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FBS FBS is offline
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Default Re: Market news and trade recommendations by FBS

Jan. 13: Asian session

Asian shares rose. The MSCI Asia Pacific excluding Japan Index gained 0.5%, Shanghai Composite moved up 0.4%. Japanese markets are closed for a holiday.

USD/JPY fell almost to 1-month minimum in the 103.30 area as dollar bulls were disappointed by weak US NFP data released on Friday. Traders started reassessing how quickly the Federal Reserve can scale back stimulus.

AUD/USD strengthened to $0.9045, extending the upside after the Friday’s post-NFP jump. Aussie’s strength extends the chances for a base formation with a low at $0.8820. Australia ANZ job advertisements contracted a little bit below the forecast (-0.7% vs. -0.9% expected), while home loans came in line with forecast (+1.1% m/m). NZD/USD has also strengthened, testing the $0.8330 resistance.

EUR/USD is at $1.3677. GBP/USD is just below $1.6500.
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