Trader, analyst and instructor with a 6-year experience

July 11: Asian session


Asian shares declined heading for the first weekly loss in 9 weeks. MSCI Asia Pacific Index slid 0.2%. Concern about financial risks in Europe worsened risk sentiment. Investors are worried, because a company linked to Portugal’s second-largest lender missed debt payments.

USD/JPY edged down to 101.20, but is trading above yesterday’s low in the 101.05 area. US dollar headed for its biggest weekly decline versus the yen since April as traders trimmed bets the central bank will raise interest rates.

AUD/USD consolidates in the $0.9375/90 range on Friday after the yesterday’s volatile trade. Australian number of new home loans granted came unchanged against the -0.6% forecast, but the prior month results have been revised down to -0.2%. NZD/USD touched the $0.8800 mark in the session, pulling down from the strong $0.8840 resistance area – this is the record high, hit in 2011. Gold price gained some pips.

EUR/USD is once again testing levels below $1.3600, but is trading above yesterday’s low at $1.3588. GBP/USD edged down to $1.7120 after dipping towards $1.7100 yesterday.

Scroll to top