Forex trading headlines for Asia Tuesday 29 July 2014

More:

AUD the mover today. AUD/USD and AUD/JPY had a slight bid tone in the early going, with AUD/USD tripping to 0.9415 before coming off 10-odd points. It stabilized for a while, but some news items (GS on the RBA, and S&P warning on China risks – see bullets, above) seemed to snap its resolve, or maybe the sellers sitting on it just ground down the competition, and it sliced down below the figure before settling just above 0.9390 as I speak. So, not a huge range, but a bit of action nonetheless.

The Kiwi followed a similar sort of pattern, high early and then off a little. A smaller range though.

USD/JPY didn’t have much of a move, but did manage to grind out a bit of a gain; were talking less than 10 points though. EUR/JPY, ‘bout the same.

EUR/USD did a lap of a sub-10 point range, GBP/USD same … USD/CHF, ditto. CAD quiet during the timezone too.

Oil drifted a few cents lower while gold eked out a couple of dollars in gain.

ADDED – Whoa … as I post the yen is getting sold; USD/JPY pops to a new high above 101.95 and EUR/JPY session high now above 136.95