Australian unemployment rate falls to 5.1%, better than the 5.3% expected
Economy adds on 46,000 new jobs, with 12,000 full-time
UK consumer confidence improves markedly from 38 in December to 47 in January
Greek FinMin says Greece has fulfilled all requirements, but he also accuses some EZ members of wanting Greece out
Singapore Q4 GDP -2.5% QoQ, +3.6% YoY
China January FDI -0.3% YoY
Australian stocks -1.5%, Korea -1%, elsewhere -0.5% on average.
Gold $1725/oz; Oil $101.50/bbl
Another very quiet session in Asia with only some brief volatility in the AUD and EUR to report.
EUR/USD opened in Asia near 1.3055 and drifted slowly lower before taking out the NY lows at 1.3043. The next target was a daily low at 1.3025, but there was no fight there, with bulls saving their ammunition for a suspected barrier at 1.3000. Solid bids were reported between 1.3000/05 and the low at 1.3006 would seem to confirm this. Ranges: 1.3006/68
AUD/USD spent the majority of early trade near 1.0690/00 but it saw a quick 50 pip spike immediately after the strong jobs data. EUR/AUD also got close to recent record lows but the Aussie was unable to maintain this bullish momentum and fell back to opening levels. Ranges: 1.0664/1.0738
USD/JPY drifted lower as risk-off sentiment weighed on the Yen crosses. Ranges: 78.33/52, EUR/JPY 101.97/102.51
Cable 1.5661/97; EUR/CHF 1.2058/71
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