Home Analyses What Happened to the Asian Session? – February 17, 2017

What Happened to the Asian Session? – February 17, 2017

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New Zeland data stamped Asia Session

The Asian Stock Exchange left behind with slight losses on the last trading day of the week. Australia ASX 0.18%, China Shanghai Composite 0.86%, South Korean KOSPI 0.06% and Hang Seng Index 0.30%, Japan Nikkei Index 0.68% lower.

The most noteworthy data in the past was the fourth quarter retail sales report from New Zealand. Headline Data was disappointing at 0.8%, while core retail sales were below expectations at 0.6%. We have seen that the movement is limited in NZDUSD due to the impact of the weak dollar, although the data are negative for NZD.

Yesterday, with the Trump uncertainties, gold climbing up to the 1242 zone, we are seeing some withdrawal due to the recent profit taking, but if the dollar index continues to decline, shares in the coming days may continue to be affected by yellow metal safe harbor purchases.

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