- Nikkei chalked up back-to-back losses with 1.19% decline today
- Japanese current account surplus at 0.18T JPY vs. 0.19T JPY forecast
- Japanese Economy Watchers sentiment index steady at 47.4
- Chinese HSBC services PMI down from 54.1 to 53.5
- Swiss jobless rate and U.K. Halifax HPI due
Is the Greenback ready to bring sexy back? The U.S. dollar managed to rebound against some of its forex counterparts in the past few hours, despite the lack of top-tier data releases. USD/JPY is up nearly 75 pips as it climbed from a low of 107.75 to the 108.50 levels while EUR/USD looks poised to resume its drop after testing the 1.2650 resistance.
Data from Japan was mostly weaker than expected, as the current account surplus came in at 0.18 trillion JPY versus the estimated 0.19 trillion JPY figure. The Economy Watchers sentiment index held steady at 47.4 instead of improving to the projected 48.2 reading. With that, the Nikkei chalked up another day in the red as it posted a 1.19% decline.
In China, the HSBC services PMI for September slipped from 54.1 to 53.5, reflecting a slower expansion in the non-manufacturing industry. AUD/USD was notably weaker after the release, as the pair is down more than 70 pips to a low of .8753 as of this writing. The New Zealand dollar also caved to dollar strength, with NZD/USD testing the .7800 support zone.
The forex calendar shows that data is light in the upcoming London session, with only the Swiss jobless rate and U.K. Halifax HPI up for release. Switzerland is expecting to see an improvement from 3.2% to 3.1% in its jobless rate while the U.K. might show a 0.2% increase in house prices.
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
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