JPY Trading Outlook (13-06-2014)
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Australia |
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The S&P/ASX 200 index decreased 0.46% or 25.196pts to 5428.8 (day range: 5452 – 5423) on Thursday. The index is below its 20d MA (@ 5474) and below its 50d MA (@ 5460). 38% of the index constituents are above their 20D MA (vs 48% the previous session) and 47% of the shares are above their 50D MA (vs 54%). Australia’s unemployment rate was 5.8% in May (as expected, unchanged from April) and recorded 4.8K net decrease in employment in May (vs +10.0K expected, +10.3K in April). The participation rate was 64.6% in May (64.7% expected) vs 64.7% in April, according to the Australian Bureau of Statistics. New Zealand’s central bank has raised the official cash rate by 25 bps to 3.25%. |
