26 May 2015
Market Movers: USD continues to climb in the Asian trade – TDS
FXStreet (Barcelona) - Prashant Newnaha, Strategist at TD Securities, summarizes the market performance during the Asian trading session, noting that USD continued to advance on a weaker euro.
Key Quotes
“The AUD and NZD are both up +0.2% in the absence of any market moving data and no firm offshore leads with UK and US markets out yesterday. That said the USD continues its general advance, the DXY +0.6%, thanks largely to a weaker EUR, down 0.3%, currently sitting on its 50d moving average. Also the Yen is trading at its weakest levels for the day, off 0.2% at ¥121.80.”
“Fixed income is mixed -US 10yrs are 1.5bps lower in yield, ACGBs are unchanged while NZGBs are 1bp higher in yield.”
“Equities are generally firmer. Japanese indices are close to unchanged and China centric indices are outperforming with the SHCOMP +1.5%, HSCEI +3%, Aus +0.8%.”
“Commodities are unchanged to firmer. Iron ore is the standout, +3.5%, copper is 0.4%.”
Key Quotes
“The AUD and NZD are both up +0.2% in the absence of any market moving data and no firm offshore leads with UK and US markets out yesterday. That said the USD continues its general advance, the DXY +0.6%, thanks largely to a weaker EUR, down 0.3%, currently sitting on its 50d moving average. Also the Yen is trading at its weakest levels for the day, off 0.2% at ¥121.80.”
“Fixed income is mixed -US 10yrs are 1.5bps lower in yield, ACGBs are unchanged while NZGBs are 1bp higher in yield.”
“Equities are generally firmer. Japanese indices are close to unchanged and China centric indices are outperforming with the SHCOMP +1.5%, HSCEI +3%, Aus +0.8%.”
“Commodities are unchanged to firmer. Iron ore is the standout, +3.5%, copper is 0.4%.”