Asian Session Recap – January 16, 2014

  • Nikkei closes down by 0.39%
  • U.K. RICS house price balance at 56% vs. 59% expected
  • Euro zone inflation reports due

Asian session traders focused on the weak Australian jobs report, which revealed that the economy lost 22.6K jobs for December 2013 instead of adding the estimated 10.3K in employment. The jobless rate managed to hold steady at 5.8% while the previous month’s figure didn’t have any downward revisions, yet Aussie pairs slumped throughout the trading session.

Meanwhile, the Nikkei stock index closer lower by 0.39%, dragging yen pairs lower as well. In the U.K., the RICS house price balance fell short of the 59% consensus and posted a 56% figure.

Up ahead, the euro zone has inflation reports on tap, with the headline CPI projected to show a 0.8% increase and the core CPI likely to print a 0.9% uptick. Deflation has been the talk of the town in some euro zone periphery nations so weak inflation figures might spark speculations of further easing from the ECB, which would be negative for the euro.

See also:

U.S. Session Recap

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