Asian Session Forex Recap – Mar. 23, 2015

  • New Zealand Westpac consumer sentiment index up from 114.8 to 117.4
  • Nikkei up by 0.99% for the day
  • Euro zone consumer confidence index and Draghi’s speech lined up

No data? No problem! Not even the lack of top-tier releases in today’s Asian trading session was enough to stop some forex pairs from moving around in the past few hours. AUD/USD was off to a running start, as the pair gapped up over the weekend and is up 40 pips so far (+0.48%), while NZD/USD jumped up by 68 pips (0.93%) thanks to an improvement in the New Zealand Westpac consumer sentiment index.

Risk appetite seems to be holding up pretty well, too. The Nikkei logged in a 0.99% gain for the day, as Asian equity markets started the week on an upbeat note. Most yen pairs are advancing so far, with NZD/JPY leading the pack with its 71-pip gain (+0.79%) and AUD/JPY trailing not too far behind with its 30-pip increase (+0.32%).

The forex calendar shows that its gonna be another data-light London trading session, with only the euro zone consumer confidence release and ECB Governor Draghi’s speech as the potential movers. More improvements in the euro zone and upbeat remarks from Draghi could lift the shared currency so make sure you stay tuned for these events!

U.S. Session Recap

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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