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11 Sep 2013
Session Recap: Along came confidence; USD lost in action
FXstreet.com (San Francisco) - Despite the Nasdaq Composite closed the day with losses amid the 5.4% decline in Apple's shares, overall Wall Street performed higher in the day. The Dow logged three digits gain for third day and the S&P advanced for seventh day.
That's meaning risk appetite in the currency market too, European symbols advanced across the market as well as the Australian Dollar, who it seems the lower days has gone at least in the short term. On the other side, safe haven such as the Dollar and commodities like the Gold and the Oil traded sideways in the day.
In Europe, ECB’s official Asmussen affirmed that he expects "good economic developments in autumn 2013." Meanwhile, in America, the US wholesale index showed a 0.1% increase, missing +0.5% expectations.
The EUR/USD advanced to break above 1.3300, where the pair remains in consolidation mode. The GBP/USD extended gains for seventh day of the last eight. The Sterling jumped above the 1.5800 to reach 7-month highs at 1.5830 against the US Dollar. The GBP/USD was fueled by the Verizon-Vodafone agreement as well as the decision of Verizon to raises $49 Bn corporate bond deal to face that agreement.
The USD/JPY advanced to 100.60 earlier in the day but it wasn't unable to hold those prices with the USD falling back below 100.00 against the Japan Yen. Now the pair is closing at daily lows around 99.80. The AUD/USD performed its fourth positive day to close at daily highs around 0.9340.
Main headlines in the American session:
US: Wholesale inventories grow 0.1% in July
US sells 21B of 10-Year Notes at 2.946%
Precious metals trade unevenly as risk appetite subsides
Wall Street closed mixed, Nasdaq dragged by Apple's decline
That's meaning risk appetite in the currency market too, European symbols advanced across the market as well as the Australian Dollar, who it seems the lower days has gone at least in the short term. On the other side, safe haven such as the Dollar and commodities like the Gold and the Oil traded sideways in the day.
In Europe, ECB’s official Asmussen affirmed that he expects "good economic developments in autumn 2013." Meanwhile, in America, the US wholesale index showed a 0.1% increase, missing +0.5% expectations.
The EUR/USD advanced to break above 1.3300, where the pair remains in consolidation mode. The GBP/USD extended gains for seventh day of the last eight. The Sterling jumped above the 1.5800 to reach 7-month highs at 1.5830 against the US Dollar. The GBP/USD was fueled by the Verizon-Vodafone agreement as well as the decision of Verizon to raises $49 Bn corporate bond deal to face that agreement.
The USD/JPY advanced to 100.60 earlier in the day but it wasn't unable to hold those prices with the USD falling back below 100.00 against the Japan Yen. Now the pair is closing at daily lows around 99.80. The AUD/USD performed its fourth positive day to close at daily highs around 0.9340.
Main headlines in the American session:
US: Wholesale inventories grow 0.1% in July
US sells 21B of 10-Year Notes at 2.946%
Precious metals trade unevenly as risk appetite subsides
Wall Street closed mixed, Nasdaq dragged by Apple's decline