- Australia CB leading index up by 0.2% in May
- Australia April CB leading index downgraded from -0.1% to -0.2%
- New Zealand ANZ job advertisements increase by 5.7%
- Nikkei chalks up 0.06% loss for the day
- Russia planning “painful” counter action to new U.S. sanctions
- Euro zone headline and core CPI figures due
The Aussie caught a pretty good wave in today’s Asian trading session, as the currency was able to recover off its recent lows against the U.S. dollar. The Australian CB leading index marked a 0.2% gain for the month of May, but the April figure was downgraded from -0.1% to -0.2%. AUD/USD bounced off the .9350 area and reached a high of .9380.
Meanwhile, the Kiwi didn’t fare so well, as it continued to chalk up losses against its forex counterparts. Not even the 5.7% increase in ANZ job advertisements for New Zealand was able to lift the Kiwi’s spirits, as NZD/USD sank further to a low of .8681.
The Japanese yen enjoyed taking advantage of this turnaround in risk sentiment, as it advanced against its rivals. After the U.S. announced a new round of sanctions on Russia, the latter retaliated by saying that they are planning a “painful” counter action for Washington. With that, the Nikkei closed 0.06% lower for the day as traders hesitated to pile on risk.
Up ahead, the euro zone is set to release its latest CPI figures, with the headline figure likely to hold steady at 0.5% and the core reading to stay at 0.8%. A drop in inflation figures might lead to more euro weakness, as this might lead traders to speculate about further easing from the ECB.
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
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