TOKYO (MNI) – The auto industry’s vehicle output in October fell 8.4% from a year earlier to 751,620 units, the first fall in 12 months, data from the Japan Automobile Manufacturers Association showed on Tuesday. Passenger car output tumbled 9.7% … Continue reading
Another rate hike rumour out of China saw the SSEC fall by over 3% in afternoon trade Australian balance of payments deficit larger than expected Net exports had less negative impact on Australian GDP than expected Australian building approvals much … Continue reading
From yesterday’s UK Telegraph. I like the first comment; ‘hopefully the hedge fund can remain solvent longer than China can keep covering up through statistics’.
I must remind myself to stop saying that support/resistance levels are holding because they invariably break as soon as I say anything.
Both these pairs have had a very bearish feel over the last 30 minutes or so but bids around 1.3100 in EUR/USD and .9600 in the AUD/USD remain solid.
Plus reports of an earthquake in Tokyo. The market is jittery and the USD is rising across the board.
Barriers reported at 1.0060 in USD/CHF Barriers also reported at both 1.3050 and 1.3000 in the EUR/USD.
Rumours of a Chinese rate hike is to blame for the sharp fall on the Shanghai Bourse.
Thanks Jesse for the heads up. The Shanghai Bourse has fallen sharply to now be over 2% lower and this is impacting on the AUD/USD in particular which is currently trading just above its earlier session lows near .9605.
– Japan Oct Avg Base Wage +0.1% Y/Y, 1st Rise In 30 Mo; Sep Flat – Japan Oct Real Average Wage +0.4% Y/Y Vs Sep +1.5% – Japan Real Average Wage Posts 10th Straight Y/Y Rise – Japan Oct Special … Continue reading