It was another shaky start to the week as stock markets in Asia continued their sell off to send the respective FX rates further south. No Japan added to illiquid markets. China was said to have intervened to help narrow the CNH vs CNY spread – the offshore rate dropping from 6.7000+ highs to sub 6.6000. USD/JPY saw a notable move through 117.00, taking out stops to hit a low of 116.70. AUD losses resulted in the first of the support points through .7000, dipping 10 ticks below the early Oct low at .6934, with the JPY cross taking out last week’s 81.88 low by a full big figure. London saw some consolidation follow, but with US equities holding onto tentative early gains, fresh weakness looks just around the corner. Further losses in GBP as the EUR rate extended the upside to .7554, but we saw a decent turnaround here (to .7439) as the cable dip below 1.4500 proved temporary; the recovery tipping 1.4600. Oil is really struggling to recover from the $32.10/16 lows (WTI/Brent) from last week, with CAD sales pre-empting this to a modest degree and extending last week’s high from 1.4170 to 1.4187. EUR/USD continues to take a back seat, but set fresh highs for 2016 at 1.0968. EU Sentix for Jan fell to 9.6 from 15.7 in Dec.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Shaky Start To Week As Asian Stocks And FX Head Further South
Published 01/11/2016, 10:51 AM
Shaky Start To Week As Asian Stocks And FX Head Further South
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.