AceTraderFx Apr 24: Intra-Day Market Moving News and Views USD/JPY, NZD/USD

AceTraderFx Aug 14: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
14 Aug 2015
01:27GMT

USD/JPY - ...... Dlr pared Wednesday's sharp sell-off from a 2-month peak of 125.28 yesterday and climbed from intra-day low of 124.07 made in Asian morning to 124.59 due to rebound in global stocks. Price touched session high of 124.63 after in-line U.S. retail sales data.
However, intra-day broad-based dlr's retreat pressured price to 124.25 but renewed selling in yen cross especially vs EUR & GBP lifted the pair to 124.49 in NY afternoon.

Intra-day sideways move signals further range trading is set to continue, however, yen's o/n weakness suggests consolidation with mild upside bias is in store.
Bids are noted at 124.30-25 and more below with stops below 124.00, more stops are building below this week's trough at 123.79.
On the upside, offers are tipped at 124.60/65 and more above with some stops reported above 125.00, however, more selling interest is touted at 125.20/30.

Data to be released on Friday:

New Zealand retail sales, France GDP, Germany GDP, Italy GDP, EU GDP and inflation reports, Canada manufacturing sales, U.S. capacity utilisation and industrial output. Eurogroup will meet in Brussels at 13:00GMT on Friday to discuss Greece's third bailout package.
 
AceTraderFx Aug 17: Intra-Day News and Views (USD/JPY) & data to be released today


Intra-day Market Moving News and Views
17 Aug 2015
01:52GMT

USD/JPY - ..... Dollar edged higher in subdued Tokyo trading after Japan's GDP came in very slightly better than street forecast but nevertheless showed a contraction in the 2nd quarter after previous quarter's expansion.

Price met renewed buying at 124.25 in NZ and ratcheted higher to 124.45 shortly after Asian open and has eased off after buying interest dried up.
The lack of key U.S. eco. data today suggests consolidation above Friday's 124.06 (NY) low would continue with upside bias.
Bids are noted at 124.25/20 and more below with stop below 124.00. Initial offers re-tipped at 124.45-55 and more above with some stops touted above 124.70.

On Monday, the release of UK's Rightmove house price index, Japan's GDP, euro zone's trade balance, Germany Bundesbank monthly report, U.S.'s NY Fed manufacturing, NAHB housing market index, net long-term flows and overall net net capital flows.
Australia's RBA meeting minutes, China's house prices, UK's CPI, PPI and RPI, U.S.'s building permits, housing starts and Redbook on Tuesday.
New Zealand's producer prices (input and output), Japan's trade reports and all industry index, Australia's Westpac leading index, euro zone's current accounts, U.S.'s CPI, real weekly earnings and FOMC minutes on Wednesday.
Germany producer prices, Switzerland's trade balance, UK's retail sales and CBI trends, Canada's wholesale trade, U.S.'s existing homes sales, leading index and Philly Fed business index on Thursday.

Germany Gfk consumer sentiment, UK's PSNCR and PSNB, Canada's CPI and retail sales, EU consumer confidence on Friday.
 
AceTraderFx Aug 19: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
19 Aug 2015
01:34GMT

USD/JPY - ..... The pair spent another uneventful day on Tuesday as market attention was on the euro and sterling. Despite intra-day decline from 124.51 to 124.18 (European low) due to cross-buying in yen, upbeat U.S. data (housing starts climbed to near 8-year high) triggered short-covering and lifted price to 124.47 but dlr move a very tight range in subdued NY afternoon session.

Although another day of directionless sideways trade is in store, intra-day renewed weakness in the Nikkei n more importantly, a 2.7% lower open in the benchmark Shanghai Composite Index suggests another round of yen-buying on risk aversion would be seen, so selling dlr on recovery is favoured but 124.06/07 sup looks set to hold from here.

For now, offers are tipped at 124.40/50 and more above with stops reported above 124.70. However, more selling interest is touted at 124.80/90.
Initial bids are noted at 124.20/10 with some stops below 124.00.
Data to be released on Wednesday:
New Zealand's producer prices (input and output), Japan's trade reports and all industry index, Australia's Westpac leading index, euro zone's current accounts, U.S.'s CPI, real weekly earnings and FOMC minutes.
 
AceTraderFx Aug 20: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
20 Aug 2015
02:07GMT

USD/JPY - ..... The greenback pares o/n sell-off to 123.69 in post-FOMC New York session after Fed minutes dashed market expectation of a Fed rate hike in September or anytime soon.

As usual, after a big move in New York, Tokyo players will fade the move and traders spotted dlr buying by Japanese importers shortly after Tokyo open, dlr edged back to 123.99 before easing as softness in the Nikkei n Chinese stocks is dampening risk sentiment in the Japanese yen.

Expect consolidation above 123.69 until European open before decline resumes.
However, steep fall is unlikely as traders will wait for release of Thursday's U.S. weekly jobless claims, existing home sales and leading indicator due out later in the day.

Offers are tipped at 124.95/05 ans more above with stops noted at 124.20. Initial bids are reported at 123.80-70 and more below with stops touted below 123.50.

Data to be released on Thursday:
Germany producer prices, Switzerland's trade balance, UK's retail sales and CBI trends, Canada's wholesale trade, U.S.'s existing homes sales, leading index and Philly Fed business index.
 
AceTraderFx Aug 21: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
21 Aug 2015
02:16GMT

USD/JPY - ..... Dlr languishes near a 3-week low of 123.21 in nervous Tokyo trading on Friday. Traders reported 'heavy' volumes changed hand in NY session, knocking the pair from 123.94 to 123.33 near NY close.
Despite a minor short-covering bounce to 123.50 at Asian open, broad-based selloff in Asian stocks (Nikkie currently down nearly 2%) has prompted yen-buying on risk aversion, suggesting dlr would remain under pressure and extend recent decline toward chart sup at 123.01 where fairly large stops are touted below there.

Therefore, selling the pair on recovery is the way to go with offers tipped at 123.50, then 123.65/70.
Bids are noted at 123.10/00 and stops below there.

Data to be released on Friday:
Japan's Normural/JMMA manufacturing PMI, China's Caixin manufacturing PMI, Markit's service and manufacturing PMIs for France, Germany and euro zone, Germany Gfk consumer sentiment, UK's PSNCR and PSNB, Canada's CPI and retail sales, EU consumer confidence, and Markit service PMI for U.S.
 
AceTraderFx Aug 25: Intra-Day News and Views (USD/JPY) & data to be released today


Intra-day Market Moving News and Views
25 Aug 2015
01:30GMT

USD/JPY -..... Japanese officials are publicly expressing their 'dismal' on recent sudden yen's strength especially Monday's spectacular gain by the Yen to a 7-month high vs the dollar at 116.15.

Reuters reported Japan's top government spokesman said on Tuesday that recent movements in financial markets have been rough and that the country will continue to cooperate with G7 financial authorities and take steps if needed.

Chief Cabinet Secretary Yoshihide Suga also told a news conference that the government will continue to closely monitor market moves.
He repeated that Japan's economy continues its gradual recovery as corporate earnings are at record highs and as the job market and wages are improving.
Japanese Finance Minister Taro Aso warned market players against pushing up the Yen too much further, saying that its spike against the dollar overnight was "rough" and undesirable for the economy.

Data to be released on Tuesday:
New Zealand inflation expectations, Germany GDP, Ifo reports, UK BBA mortgage approvals, U.S. monthly home price, Redbook, Markit service PMI, consumer confidence, and new home sales.
 
AceTraderFx Aug 26: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
26 Aug 2015
01:00GMT

USD/JPY - ..... Although price is currently trading roughly where it was 24 hours ago, the pair went through a roller-coaster session on Tuesday.

Despite intra-day 'knee-jerk rise to 120.40 shortly after European midday following news of rate cuts by PBOC, dlr was unable to hold on to intra-day gain and even through global stocks rallied on the move by the China central bank.
Dlr later tumbled to 118.60 near NY close as U.S. completely initial gain and fell (Dow closed down 204 points after initial 400-plus gain).

Dlr's intra-day rebound from 118.45 after Nikkei managed to stay in positive territory suggests consolidation is in store in Asia.
Initial bids are noted at 118.60-40 and more below with stops below 118.20, then 118.00.
On the upside, some offers are tipped at 119.40/50 and more above with some stops touted above 120.00.

Data to be released on Wednesday:
New Zealand trade balance, UK nationwide house prices, CBI distributive trades, and U.S. durable goods orders. Reserve Bank of Australia Governor Glenn Stevens will speak at the National Reform Summit, hosted by The Australian and the Australian Financial Review.
 
AceTraderFx Aug 27: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
27 Aug 2015
02:24GMT

USD/JPY - ...... The greenback found renewed buying at 118.92 in NY morning yesterday after the release of upbeat U.S. durable goods data together with the rally in U.S. stocks n rose to 120.37 in Australia today. Lack of follow-through buying triggered some profit-taking and price retreated to 119.82 at Tokyo open.
However, the rise in N225 index prompted another round of buying and price gained again.

Bids are now seen at 119.90/00 and more below at 119.70/80 with stops building up below there, suggesting buying on dips is still favored.

Traders are now awaiting the release of U.S. GDP figures at 12:30GMT. The data will paint a clearer picture of the country's economy n the probable timescale for the first Fed rate hike.

Data to be released on Thursday:
Australia building capex, capital expenditure, U.K. Nationwide house price, Germany import price, France business climate, Switzerland industrial orders, and U.S. jobless claims, GDP, PCE and pending home sales. Jackson Hole Economic Policy Symposium "Inflation Dynamics and Monetary Policy" (to Aug. 29)
 
AceTraderFx Aug 28: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
28 Aug 2015
02:12GMT

USD/JPY - ....... The greenback continued to ratchet higher throughout Asian n European sessions yesterday and hit a session high at 121.40 at NY midday as stock mkts globally rallied. Despite a brief pullback to 120.51 in NY afternoon, dlr found renewed buying and rose to 121.23 near NY closing, then marginally higher to 121.31 in Tokyo morning due to the rise in Nikkei-225 index together with the release of upbeat Japan retail sales.
Japan retail sales were reported at 1.6% vs forecast of 1.1%.
Bids are now seen at 120.90/00 and more below at 120.70/80 with stops building up below there whilst initial offers are noted at 121.50/60, suggesting buying on dips is still favored.
U.S. is set to release a slew of eco. data at 12:30GMT but the focus is on the release of U. of Michigan consumer confidence at 14:00GMT. Street forecast is for 93.0 vs prev. reading of 92.9.

Data to be released on Friday:

UK Gfk consumer confidence, Japan all household spending, CPI, retail sales, Switzerland GDP, France producer prices, Italy business confidence, consumer confidence, U.K. GDP (second release), Italy wage inflation, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, Germany CPI, HICP, Canada producer prices, and U.S. consumption, PCE, personal income, personal consumption, and University of Michigan consumer confidence.
 
AceTraderFx Sept 4: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
04 Sep 2015
02:00GMT

USD/JPY - ..... The greenback continued to edge lower yesterday and fell sharply to 119.64 in NY morning after data showed U.S. jobless claims rose to a 3-week high. However, price pared its losses and briefly rebounded to 120.39 on release of upbeat U.S. services PMI before retreating again.
Dlr met renewed selling at 120.19 in Aust. and dropped to 119.70 on position adjustment ahead of today's crucial U.S. jobs report.
Mkt focus is now solely on the release of U.S. jobs report at 12:30GMT. Street forecast for the NFP is a slight increase to 220K from 215K and the unemployment rate is expected to fall to 5.2% from 5.3%.
An upbeat report would bolster the case for an interest rate hike by the Fed this month.
Conversely a weak number would cloud the view for a September lift off.
Offers are now seen at 120.20/30 and more above at 120.40/50 with stops building up abv there whilst initial bids are noted at 119.30/40, suggesting further choppy trading is envisaged ahead of European open.
 
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