Hi ,
this extract is appropriate
But the aussie managed to claw back some losses
(around 5%) and pushed through 1.0400 against the dollar.
The euro,
however, was broadly unchanged overnight, but price action was fairly choppy
following the German data and the Spanish bill auction.
The lack of market
moving data may keep a few investors in Asia on the sidelines given the
nervousness in the market surrounding tomorrow’s Spanish bond auction.
Gains in the FX market were more muted than equities, with the dollar index
barley falling as investors clearly remain wary of risk currencies.
U.S.
equities rallied sharply with the DJIA finishing up by about +1.50% and the
S&P 500 advancing by around +1.54% to close the day,
Equity markets in Asia
are following the positive lead of US and European stock markets on the back
of a reasonably positive Spanish bill auction, strong Eurozone data, the IMF
raising its forecasts and a hawkish tone from the Bank of Canada.
Gains in
the FX market were more muted than equities, with the dollar index barley
falling as investors clearly remain wary of risk currencies.
an upward
revision to the IMF’s world growth projection, mixed U.S. housing data, and a
hawkish tone from the Bank of Canada.
and the economic sentiment index
advancing to 23.4 from 22.3, representing the fifth consecutive rise.
U.S.
equities rallied sharply with the DJIA finishing up by about +1.50% and the
S&P 500 advancing by around +1.54% to close the day,
but we are looking for
confirmation from a break of the overnight high around 1.0420 before a
technical push towards the 1.0450 level.
– between around 1640.80-1658.01.
If the pair breaks through the top of this trading band it may find
resistance around 1663.26-1664.04.
The improved assessment helped to
support overall risk sentiment.
The Spanish Treasury sold a total of
EUR3.18bn, which was above the target size but yields were higher than those
seen previously.
About the report , maybe this link might be of use:
Thanks