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Australia: AiG Performance of Services Index (Feb): 48.5

Wall Street opens the week with gains

The US stocks market closed Monday with gains recovering initial loses on China housing bubble concern. Apple's shares hit its 52-week low at $419.00
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Forex: AUD/JPY almost erases all previous loses, back above 95.00

Ahead of a busy Asian session today for Aussie with key domestic data in the form of Australia retail sales month to month at 00:30 GMT and current account, followed by RBA rate statement at 03:30 GMT, AUD/JPY has managed to erase almost all loses so far for the week, last at 95.28, a -0.22% lower. Some analyst call for a weekly close below 95 as a key signal in order to bolster the bear case, though the cross is still up +18.86% in last 6 months.
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