CURRENCY TRADING SUMMARY – 6th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) better than expected albeit still negative August Job Numbers helped inspire further US stockmarket gains and create a risk on environment. The USD fared badly across the board with the Euro and.
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The Australian economy issued the job advertisements for the month of August, while the actual reading release with 2.6%, compared with a previous reading 1.3%, which was revised to 1.4%.
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AUDUSD's upward movement extended to as high as 0.9175 level. Further rise towards 0.9221 previous high is still possible later today, minor consolidation would more likely be seen before breaking above this level. Support is now at 0.9053, a breakdown below this level will indicate that consolidation of uptrend is underway, then deeper decline could be seen to 0.9000 area.
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Bob Diamond is to become chief executive of Barclays as HSBC chairman Stephen Green steps down to become a government trade minister.
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Services on the London Underground are severely disrupted on the first morning of a series of 24-hour strikes.
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Reuters – Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.
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US markets snapped a three week losing streak on Friday finishing the week in good stead on the back of better-than-expected non-farm payrolls.
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Aevum Limited (ASX: AVE) chairman Graham Lenzer intensifies a campaign call to reject the Stockland Corporation Limited (ASX: SGP) offer of $1.50 a share.
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Twilight star Robert Pattinson's apparent jealousy toward Kristen Stewart's co-star Viggo Mortensen is starting to create buzz for Kristen's new non-Twilight movie On the Road. Pattinson has been reportedly on the watch for the love scenes between Kristen Stewart and Viggo Mortensen, just to make sure that nothing is for real.
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The cost of borrowing in Australia stays at 4.5% and Japan at near zero amid continuing global economic uncertainty.
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The cost of borrowing in Australia stays at 4.5% and Japan at near zero amid continuing global economic uncertainty.
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EUR/USD
Today's support: – 1.2802, 1.2768, 1.2735 and 1.2690(main), where correction is possible. Break would give 1.2677, where correction also may be. Then follows 1.2653. Break of the latter would result in.
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The Australian debt market opened with traders selling off bonds.
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Although dollar's cross-inspired selloff from Monday's 85.91 high to 83.66 earlier suggests correction from last week's 15-year low at 83.58 has ended, subsequent rebound to 84.67 suggests choppy trading sideways trading is in store and above said 84.67 resistance would extend gain to 84.90/00 but r.
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Irish band U2 confirmed that the band will play an extra concerts in Australia and New Zealand. Concert tickets to band's five-city tour in Australia, and in Auckland are already sold out, with some play dates running out of concert tickets within mere hours.
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