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FX & Equities: Aussie Lower on Employment & Chinese Data

Posted by Akhilesh Ganti on Jul 9, 2014 11:01:00 PM

Aussie spiked higher immediately following the release of the June employment data (see table below) as the market reacted to the headline number which showed a larger-than-expected +15.9K gain. AUD/USD, which had been trading around 0.9425 prior to the release, jumped to make session highs of 0.9459 before reversing course and plummeting lower as traders reacted to sharp decline in full-time employment. China's Trade Balance, which was released a bit later, came out lower than estimates with both exports and imports decelerating and brought to bear more pressure on the Australian unit as it lurched lower to 0.9395 before stabilizing a bit. 

{chart: Bloomberg}(click to enlarge)
AUS Employment jun2014

Economic Data - {Source: Bloomberg}

Country Event Period Survey Actual Prior Revision
New Zealand ANZ Truckometer Heavy MoM Jun -- -0.80% -2.10% -2.00%
New Zealand BusinessNZ Manufacturing PMI Jun -- 53.3 52.7 52.6
Japan PPI MoM Jun 0.10% 0.20% 0.30% --
Japan PPI YoY Jun 4.50% 4.60% 4.40% --
Japan Tertiary Industry Index MoM May 1.70% 0.90% -5.40% -5.70%
Japan Machine Orders MoM May 0.70% -19.50% -9.10% --
Japan Machine Orders YoY May 10.10% -14.30% 17.60% --
Japan Japan Buying Foreign Bonds 4-Jul -- -¥287.1B -¥1051.1B -¥1046.1B
Japan Japan Buying Foreign Stocks 4-Jul -- ¥163.8B ¥95.9B ¥96.4B
Japan Foreign Buying Japan Stocks 4-Jul -- ¥330.9B -¥32.5B -¥32.8B
Japan Foreign Buying Japan Bonds 4-Jul -- ¥301.8B -¥117.7B --
Australia Employment Change Jun 12.0K 15.9K -4.8K -5.1K
Australia Unemployment Rate Jun 5.90% 6.00% 5.80% 5.90%
Australia Full Time Employment Change Jun -- -3.8K 22.2K --
Australia Part Time Employment Change Jun -- 19.7K -27.0K -27.2K
Australia Participation Rate Jun 64.60% 64.70% 64.60% --
Japan Tokyo Avg Office Vacancies Jun -- 6.45 6.52 --
China Trade Balance Jun $36.95B $31.60B $35.92B --
China Exports YoY Jun 10.40% 7.20% 7.00% --
China Imports YoY Jun 6.00% 5.50% -1.60% --

Ranges:{WWM's New ALPHA Trader - DAILY charts [EUR, GBP, AUD, YEN, GOLD, OIL, DXY]}(click to enlarge)

FX 071014

Equities:{WWM's New ALPHA Trader - DAILY charts [Dow30, SP500, Nasdaq100, Nikkei225, China, HKG40, Nifty50, ASX200]}(click to enlarge)

STOCKS 071014


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