- Australia’s AIG construction index up from 46.7 to 51.8
- Australia ANZ job advertisements showed 4.3% rebound
- Japanese leading indicators up by 105.7% vs. 106% consensus
- Swiss jobless rate and foreign currency reserves data due
- German industrial production to show 0.3% uptick?
The Greenback was all over the place in today’s Asian trading session, as though recovering from the Fourth of July celebrations. The U.S. currency continued to advance against the euro, franc, and yen but gave up some of its wins to the Loonie and pound. Against the Aussie and Kiwi, the Greenback appears to be putting up a strong fight as AUD/USD and NZD/USD have been moving sideways.
The Aussie got a bit of support from today’s releases, as Australia’s AIG construction index improved from 46.7 to 51.8 while the ANZ job advertisements report printed a 4.3% rebound. EUR/AUD dipped to a low of 1.4504 while GBP/AUD struggled to stay above the 1.8300 handle.
Also released in the past few hours was the Japanese leading indicators figure, which stood at 105.7% versus the 106% consensus and the previous 106.5% reading. USD/JPY is holding steady above 102.00 while EUR/JPY has resumed its slide after pulling up to a high of 138.81. GBP/JPY has been consolidating at 175.10 and AUD/JPY is pacing back and forth between the 95.45 to 95.60 levels.
In the upcoming London session, Switzerland will be releasing its jobless rate and reporting the foreign currency reserves level of the SNB. Also lined up is Germany’s industrial production report and the euro zone Sentix investor confidence figure.
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
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