--------------(Snapshot at 8:25 a.m./2125 GMT)-----------------
FOREX (vs Late Sydney) DEBT FUTURES (Night Session) 0.9023 (0.9030) 90-DAY (MAR) 95.54 (95.55) 0.6372 (0.6391) 3-YR (MAR) 95.010 (94.990) 81.44 (81.22) 10-YR (MAR) 94.505 (94.510) 1.2681 (1.2665) US10-YR 3.60 (3.59)
AU$S/Term range *Support *Resistance *RSI-14 *MA-10 *MA-20
*0.8900/9145 *0.9000 *0.9090 *58.146 *0.9110 *0.9142
----------------------------(Jan 25)---------------------------
* Aussie offshore trading range $0.8995-0.9039.
* Aussie steady at $0.9036 but still under pressure as investor appetite for risk and higher-yielding currencies took a beating last week from concerns ranging from Chinese policy tightening to Greek fiscal woes and sliding U.S. bank shares.
* The Aussie lost almost two percent last week, breaking its
100
day moving average around $0.9028. Next major support around
$0.8960/65, the 61.8 percent retracement of $0.8735 to $0.9331.
* Aussie also stuck at 81.64 yen after hitting a one-month low last week as the Japanese currency benefited from its safe haven status. It dropped to as low as 80.76 yen, more than 5 yen lower than a recent peak of 85.75 yen.
* The S&P 500 dropped 2.21 percent while the Dow fell
2.09 percent, keeping U.S. 10
year yields down at3.60 percent.
* Local bonds followed with three-year bond futures indicated up 0.030 points at 95.010, while the ten-year contract gained 0.005 points to 94.505.
* Commodities were under pressure on Friday with most metals losing on fears Chinese policy tightening could eventually slow its rapid economic growth and thus the demand for Australian resources exports.
* Any signs of tightening in China, seen as the engine to global economy, is considered bad for commodity-linked currencies like the Aussie. China is Australia's biggest trading partner.
* The CRB index lost 0.7 percent, while oil fell to $1.54 in a fresh four-weeks low and gold dropped 1.2 percent at $1,089.70. Copper gained but other base metals eased.
* The local focus will be on Australia producer price data on Monday at 0030 GMT. Median forecast is for a slight 0.2 percent rise.
* The much more important CPI is due on Wednesday and expectations are for a 0.4 percent rise in Q4, with the underlying measures up around 0.6 percent.
* It would take a materially weaker outcome to alter expectations the Reserve Bank of Australia (RBA) will raise interest rates at its policy meeting next week.
(Reporting by Cecile Lefort; Editing by Wayne Cole) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: MARKETS AUSTRALIA BONDS/FOREX (wayne.cole@reuters.com ; +61 2 9373 1813; Reuters Messaging: wayne.cole.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Aussie offshore trading range $0.8995-0.9039.
* Aussie steady at $0.9036 but still under pressure as investor appetite for risk and higher-yielding currencies took a beating last week from concerns ranging from Chinese policy tightening to Greek fiscal woes and sliding U.S. bank shares.
* The Aussie lost almost two percent last week, breaking its
100
day moving average around $0.9028. Next major support around
$0.8960/65, the 61.8 percent retracement of $0.8735 to $0.9331.
* Aussie also stuck at 81.64 yen after hitting a one-month low last week as the Japanese currency benefited from its safe haven status. It dropped to as low as 80.76 yen, more than 5 yen lower than a recent peak of 85.75 yen.
* The S&P 500 dropped 2.21 percent while the Dow fell
2.09 percent, keeping U.S. 10
year yields down at3.60 percent.
* Local bonds followed with three-year bond futures indicated up 0.030 points at 95.010, while the ten-year contract gained 0.005 points to 94.505.
* Commodities were under pressure on Friday with most metals losing on fears Chinese policy tightening could eventually slow its rapid economic growth and thus the demand for Australian resources exports.
* Any signs of tightening in China, seen as the engine to global economy, is considered bad for commodity-linked currencies like the Aussie. China is Australia's biggest trading partner.
* The CRB index lost 0.7 percent, while oil fell to $1.54 in a fresh four-weeks low and gold dropped 1.2 percent at $1,089.70. Copper gained but other base metals eased.
* The local focus will be on Australia producer price data on Monday at 0030 GMT. Median forecast is for a slight 0.2 percent rise.
* The much more important CPI is due on Wednesday and expectations are for a 0.4 percent rise in Q4, with the underlying measures up around 0.6 percent.
* It would take a materially weaker outcome to alter expectations the Reserve Bank of Australia (RBA) will raise interest rates at its policy meeting next week.
(Reporting by Cecile Lefort; Editing by Wayne Cole) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: MARKETS AUSTRALIA BONDS/FOREX (wayne.cole@reuters.com ; +61 2 9373 1813; Reuters Messaging: wayne.cole.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.