Dec. 16: market news

December 16, 2013

MSCI Asian Pacific Index of shares outside of Japan declined by 0.5%. Japanese Nikkei lost 1.2% despite a generally upbeat survey of the country’s business sector.

USD/JPY declined to 102.70 after peaking to 103.90 on Friday. Yen strengthened as investors assess US economic data to see when the Fed will start to taper monetary stimulus. Although QE tapering this week seems quite possible, most of the analysts expect the central bank to keep interest rates close to 0 during the next year.   

AUD and NZD dipped early in the Asian trade as HSBC China manufacturing PMI fell to a 3-month low of 50.5 in December (expected 51.0, November reading revised up to 50.8). However, the index remains above 50 for the 5th month in a row. AUD/USD dipped to $0.8920 on the news, but later in the session has recovered some ground. Note the pair holds above the Friday’s low at $0.8910 – it is the lowest level since the end of August. NZD/USD has followed the Aussie and is trading around $0.8275 as of writing. New Zealand Westpac consumer confidence rose from 115.4 to 120.1 in Q4.

EUR/USD rose to $1.3760. GBP/USD is consolidating in the $1.6300 area.

Publication source
FBS information  FBS reviews

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

FxPro Rating
Vantage FX Rating
Orbex Rating
Grand Capital Rating
XM Rating
OctaFX Rating

OptionBit Rating
Anyoption Rating
Binary Brokerz Rating
TropicalTrade Rating
365BinaryOption Rating
Porter Finance Rating