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No catalyst? No problem! Well, except for the Kiwi, which extended its losses even as other major currencies have taken a chill pill from their intraweek trends.

  • Australia’s import prices (q/q) up by 2.1% vs. 1.3% expected, 2.0% previous
  • Japan PM Shinzo Abe: not considering calling for snap elections

Major Events/Reports:

Chill morning for Asian session traders

Although Australia and New Zealand’s markets are back today, the lack of fresh economic catalysts capped volatility for the Asian bourses.

Nikkei kept up the good vibes from the previous session after an index heavyweight printed strong forecasts for the fiscal year.

The rest traded on low key risk aversion, however, as investors are getting concerned that higher Treasury yields could translate to more costs for a lot of U.S. companies.

  • Nikkei is up by 0.56% to 22,339.8
  • Australia’s A SX 200 is down by 0.23% to 5,901.1
  • Hang Seng is down by 0.70% to 30,114.9
  • Shanghai index is down by 0.92% to 3,089.213

Commodities also saw a bit of recovery after the previous session’s bullish run.

  • Gold is up by 0.01% to $1,323.18
  • Brent crude oil is up by 0.50% to $74.41
  • U.S. WTI is up by 0.60% to $68.39

Major Market Mover(s):

USD
USD/JPY is down by 9 pips (-0.08%) to 109.33
USD/CHF is down by 8 pips (-0.07%) to .9825
EUR/USD is up by 17 pips (+0.14%) to 1.2177
GBP/USD is up by 18 pips (+0.13%) to 1.3946

NZD
NZD/JPY is down by 3 pips (-0.03%) to 77.28
EUR/NZD is up by 21 pips (+0.12%) to 1.7222
GBP/NZD is up by 31 pips (+0.16%) to 1.9728
AUD/NZD is up by 17 pips (+0.16%) to 1.0716

Watch Out For:

  • 6:00 am GMT: Germany’s GfK consumer climate to remain at 10.9?
  • 7:00 am GMT: Spain’s unemployment rate (16.3% expected, 16.6% previous)
  • 7:00 am GMT: Spain’s unemployment rate (16.3% expected, 16.6% previous)
  • 11:45 am GMT: ECB’s policy statement. Read Forex Gump’s preview if you’re trading the release!