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28 Nov 2013
Session recap: Oversold Aussie Dollar gets a boost from data
FXstreet.com (Barcelona) - It has been a week of flip-flopping action for the Aussie Dollar. Thursday’s Asian session brought the beleaguered cross back to the upside – at least for part of a 24-hour period.
Surprise! Aussie Private Capital Expenditures come in stronger-than-expected
Australian data were mixed on the surface, but one piece of data far outweighed the other and sent the Aussie Dollar strongly to the upside. The Aussie Private Capital Expenditures data came out far higher than expected and easily trumped sluggish New Home Sales data. Traders read the Expenditures data as forward looking versus the backward looking Home Sales figures.
New Zealand data comes out stronger-than-expected
New Zealand’s Business Confidence figures rose significantly in November, jumping from 53 to 61, just shy of a 15-year high for the series. The news gave the Kiwi a boost short-term, but the NZD/USD, for example, remained in bearish technical posture despite the rise.
Main headlines in Asia:
EUR/JPY raging higher on better Europe and dovish Japan; 139.06 next target
New Zealand business confidence jumps just shy of a 15yr high!
Australia's Capex index better-than-expected
Mostly wins in Asian markets
AUD/JPY rallying hard on a welcome piece of bullish Aussie data
NZD/USD up on the session after bullish data; technically weak still, though
Surprise! Aussie Private Capital Expenditures come in stronger-than-expected
Australian data were mixed on the surface, but one piece of data far outweighed the other and sent the Aussie Dollar strongly to the upside. The Aussie Private Capital Expenditures data came out far higher than expected and easily trumped sluggish New Home Sales data. Traders read the Expenditures data as forward looking versus the backward looking Home Sales figures.
New Zealand data comes out stronger-than-expected
New Zealand’s Business Confidence figures rose significantly in November, jumping from 53 to 61, just shy of a 15-year high for the series. The news gave the Kiwi a boost short-term, but the NZD/USD, for example, remained in bearish technical posture despite the rise.
Main headlines in Asia:
EUR/JPY raging higher on better Europe and dovish Japan; 139.06 next target
New Zealand business confidence jumps just shy of a 15yr high!
Australia's Capex index better-than-expected
Mostly wins in Asian markets
AUD/JPY rallying hard on a welcome piece of bullish Aussie data
NZD/USD up on the session after bullish data; technically weak still, though