Asian Session Recap – Aug. 15, 2014

  • Nikkei up by 0.02% for the day
  • No revisions expected for U.K. Q2 GDP at 0.8%
  • French and Italian banks on holiday

It looks like traders are eager to head out for the weekend! Major currency pairs drifted sideways, with EUR/USD struggling to hold on to the 1.3360 levels and GBP/USD edging slightly higher above the 1.6670 area. There were no reports released during the Asian session, keeping equities in range as well.

Yen pairs saw a bit more movement, as USD/JPY continued its climb past the 102.50 mark and EUR/JPY climbed back above the 137.00 handle. The Nikkei managed to chalk up a 0.02% gain for the day, with risk appetite slowly picking up.

Comdolls continued their climb, with AUD/USD reaching a high of .9333 and NZD/USD peaking at .8489. AUD/JPY chalked up strong gains, as the pair seemed unstoppable in its climb to a high of 95.68 in the past few hours.

There are no major reports up for release in the next few hours and the only event risk is the second estimate for the U.K. GDP reading for the second quarter. No revisions are expected for the initially reported 0.8% growth figure, but any changes might have a strong impact on the pound. French and Italian banks are on holiday today, which suggests that there may be limited movement among euro pairs.

See also:

U.S. Session Recap

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