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15 Jul 2013
Session Recap: USD unchanged with Tokyo closed; China GDP in line at 7.5%
FXstreet.com (Barcelona) - Flat session for most of the major pairs while Tokyo markets have remained closed over holiday, ahead of later on US retail sales data, with Aussie as the only one pair moving a bit against USD.
EUR/USD is last at 1.3070, AUD/USD at 0.9093, USD/JPY at 90.25, and GBP/USD at 1.5120. Local share markets show small gains overall, with Shanghai Composite being the big winner up +1.45%, following China 2Q GDP caming in y/y at 7.5%.
Gold and Silver moved slightly to the upside in early trade to last retrace at $1289 and $20.04 respectively, while Oil gapped lower at the open, but has pared all loses ever since. Australia posted best m/m new motor vehicle sales data since Oct last year at +4% vs +0.3% previous.
Main headlines in the Asian Session:
Hollande says economic recovery has begun
Xinhua corrects China Finmin’s growth target comment
Leaked texts prove Spanish PM linked to party's corruption
A look at the late week Federal Reserve communication confusion
Portugal’s Parties Set July 21 Deadline For Commitment Pact
China govt advisor warns China faces unprecedented debt crisis
Australia weekend press: Banks vulnerable to housing collapse
EUR/USD: Decent orders either side of 1.30/1.31
Bank of Canada could surprise financial markets this week by signalling an extended period of ultra-low interest rates
Australia New Motor Vehicle Sales (YoY) increase to 7.1% in June from 0.2%
China GDP Q2 comes at 7.5%, AUD buoyed
EUR/USD is last at 1.3070, AUD/USD at 0.9093, USD/JPY at 90.25, and GBP/USD at 1.5120. Local share markets show small gains overall, with Shanghai Composite being the big winner up +1.45%, following China 2Q GDP caming in y/y at 7.5%.
Gold and Silver moved slightly to the upside in early trade to last retrace at $1289 and $20.04 respectively, while Oil gapped lower at the open, but has pared all loses ever since. Australia posted best m/m new motor vehicle sales data since Oct last year at +4% vs +0.3% previous.
Main headlines in the Asian Session:
Hollande says economic recovery has begun
Xinhua corrects China Finmin’s growth target comment
Leaked texts prove Spanish PM linked to party's corruption
A look at the late week Federal Reserve communication confusion
Portugal’s Parties Set July 21 Deadline For Commitment Pact
China govt advisor warns China faces unprecedented debt crisis
Australia weekend press: Banks vulnerable to housing collapse
EUR/USD: Decent orders either side of 1.30/1.31
Bank of Canada could surprise financial markets this week by signalling an extended period of ultra-low interest rates
Australia New Motor Vehicle Sales (YoY) increase to 7.1% in June from 0.2%
China GDP Q2 comes at 7.5%, AUD buoyed