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8 Jan 2015
Market Movers: AUD outperforms while Yen weakens – TDS
FXStreet (Barcelona) - The TD Securities Team shares the market performance in the Asian session, noting that AUD outperformed in the G10 space, rising 0.4% against the USD to 0.8110 levels, while Yen dragged USD/JPY to trade above the 119.7 handle.
Key Quotes
“Liquidity was thin and activity limited heading into US payrolls tomorrow. The most interesting move in our session was in oil, spiking 2%, but a large share of those gains have been slowly unwound leaving Brent futures +0.5% now at US$48.90, +0.5%.”
“Equity futures spiked at the same time as the oil price jumped, the SPX up close to 2% and holding onto those gains. This helped to push equity indices across our region well into the green, however the only exception were Chinese equities, dropping 1.7%.”
“In FX, the AUD is outperforming in G10 space, +0.4% to US$0.8110, with the outsized jump in building approvals providing a helping hand. The NZD is the next best performer at US$0.7800, +0.2% followed by the NOK +0.15%.”
“The ¥ continues to drag its feet, off close to 0.4% at ¥119.70 on no data.”
“ACGBs and NZGBs are underperforming US 10s after factoring in the overnight moves. Today ACGB and NZGB 10yr yields are up 5bps.”
“Commodities other than crude are mixed, but moves are oscillating around last closing levels with gold and iron ore futures down smalls but copper futures trading marginally higher.”
Key Quotes
“Liquidity was thin and activity limited heading into US payrolls tomorrow. The most interesting move in our session was in oil, spiking 2%, but a large share of those gains have been slowly unwound leaving Brent futures +0.5% now at US$48.90, +0.5%.”
“Equity futures spiked at the same time as the oil price jumped, the SPX up close to 2% and holding onto those gains. This helped to push equity indices across our region well into the green, however the only exception were Chinese equities, dropping 1.7%.”
“In FX, the AUD is outperforming in G10 space, +0.4% to US$0.8110, with the outsized jump in building approvals providing a helping hand. The NZD is the next best performer at US$0.7800, +0.2% followed by the NOK +0.15%.”
“The ¥ continues to drag its feet, off close to 0.4% at ¥119.70 on no data.”
“ACGBs and NZGBs are underperforming US 10s after factoring in the overnight moves. Today ACGB and NZGB 10yr yields are up 5bps.”
“Commodities other than crude are mixed, but moves are oscillating around last closing levels with gold and iron ore futures down smalls but copper futures trading marginally higher.”