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

[acetraderfx]

AceTraderFx Oct 8: Intra-day Market Moving News & data to be released today (USD/JPY)

Intra-Day Market Moving News and Views
08 Oct 2015 00:44GMT

USD/JPY - ...... The greenback fell sharply to 119.77 in Asian morning yesterday after BoJ announced no new policy measures before staging a rebound to 120.18 ahead of New York open.
However, renewed selling there pressured the pair lower to session low at 119.75 in New York morning before recovering. Dlr came under pressure ahead of Asian open and dropped to 119.84 after data showed Japan machinery orders unexpectedly fell in August.

Mkt focus is now on the release of FOMC minutes at 18:00GMT. Investors will be looking for the points which Fed delayed its rate hike and for hints about when the central bank will consider raising rates.

Bids are now seen at 119.80/90 and more below at 119.60/70 with stops building up below there whilst initial offers were noted at 120.50/60, suggesting buying on dips is favored.

Data to be released on Thursday:
Japan machinery orders, current account, consumer confidence, machine tool orders, Australia HIA new home sales, Switzerland unemployment rate, Germany trade reports, UK RICS housing price, BoE rate decision, QE total, MPC vote outcome, monetary policy statement, BoE meeting minutes, ECB meeting minutes, Canada housing starts, new housing price, and FOMC meeting minutes.

 

[acetraderfx]

AceTraderFx Oct 9: Intra-day Market Moving News & data to be released today (USD/JPY)

Intra-Day Market Moving News and Views
09 Oct 2015 00:44GMT

USD/JPY - ...... The greenback continued to edge lower throughout Asia yesterday and hit session low at 119.63 in early European morning. Despite staging a recovery to 119.98, price spiked down to 119.68 in New York afternoon after the release of dovish FOMC minutes before rebounding again to 120.03. Dlr met renewed buying at 119.85 in Australia and trades with a firm undertone in Tokyo morning, helped by the initial rise in Nikkei-225 index.

Pay attention to the release of U.S. wholesale inventories and wholesale sales at 14:00GMT. Street forecasts are 0.0% n -0.3% vs prev. readings of -0.1% n -0.3% respectively.

Bids are now seen at 119.70/80 and more below at 119.50/60 with stops building up below there whilst initial offers are noted at 120.30/40, suggesting upside bias would be seen till European open.

Data to be released on Friday:
Australia housing finance, invest housing finance, France budget balance, industrial output, Italy industrial output, UK trade balance, Canada jobs reports, BoC business outlook survey, and U.S. wholesale inventories, whole said sales.

 

[acetraderfx]

AceTraderFx Oct 12: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
12 Oct 2015 00:52GMT

USD/JPY - ...... The greenback opened slightly lower to 120.16 in NZ before rebounding to 120.26 in Australia, however, renewed selling emerged over there and pressured the pair lower to 120.09 in thing trading conditions at Asian open as Japanese markets remain closed for Sports-day holiday.

Despite increasing pressure from the government, BoJ's Governor Haruhiko Kuroda reiterated that he sees no urgent need for further easing right now. Reuters reported, at a press conference in Lima, he said 'many advanced nations have a price target of 2 percent and it's true actual inflation is below that level. But most of this is due to declines in oil and commodity prices; I don't think there's a need to rush into action at this point.'

Trading is expected to be thin with some bids seen at 119.90/00 and more below at 119.70/80 with stops building up below there whilst initial offers are noted at 120.50/60, suggesting choppy trading would be seen till European open.

Data to be released this week:

France current account on Monday. Market holiday in Japan and Canada.

Australia NAB business conditions, NAB business confidence, China trade reports, Japan consumer confidence, Germany CPI, HICP and ZEW reports, Switzerland producer/import price, U.K. BRC retail sales, CPI, PPI and RPI, U.S. Redbook and Fed budget on Tuesday.

Japan CGPI, China CPI and PPI, France CPI, Italy CPI, UK average earnings, claimant count unemployment change, ILO unemployment, euro zone industrial production, Switzerland ZEW investor sentiment, U.S. retail sales and business inventories on Wednesday.

New Zealand manufacturing PMI, Australia employment change, full-time employment and unemployment rate, Japan industrial output, capacity utilization, U.S. real weekly earnings, NY Fed manufacturing, CPI and Philly Fed business index on Thursday.

New Zealand CPI, Italy trade balance, euro zone trade balance, inflation reports, Canada manufacturing sales, U.S. capacity utilization, industrial output, net long-term flows on Friday.

 

[acetraderfx]

AceTraderFx Oct 13: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
13 Oct 2015 01:00GMT

USD/JPY - 119.95... The greenback remained under pressure throughout Asia and Europe and dropped to session low at 119.90 in post European close on speculation that the Federal Reserve won't raise its rates this year. Despite a brief recovery to 120.08 ahead of Asian open, dlr met renewed selling and dropped to 119.90 in Tokyo morning.

There is no major data from U.S. today as markets will open after a long weekend due to Columbus day holiday yesterday.
Offers are now seen at 120.20/30 and more above at 120.40/50 with stops building up above there whilst initial bids are noted at 119.40/50, suggesting choppy trading would be seen.

Data to be release on Tuesday:

Australia NAB business conditions, NAB business confidence, China trade reports, Japan consumer confidence, Germany CPI, HICP and ZEW reports, Switzerland producer/import price, U.K. BRC retail sales, CPI, PPI and RPI, U.S. Redbook and Fed budget.

 

[acetraderfx]

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

Intra-day Market Moving News and Views
14 Oct 2015 00:49GMT

USD/JPY - ...... The greenback continued to ratchet lower throughout Asian n European session and fell to session low at 119.55 at New York open on increased caution surrounding Fed's timing of a rate hike. Despite a brief recovery to 119.90 in New York morning, dlr met renewed selling n retreated again. Dlr's descent accelerated at Tokyo open and price tumbled to 119.54 due to the selloff in Nikkei-225 index (currently down by 279 points).

U.S. will release its retail sales and retail sales ex. autos at 12:30GMT. Street forecasts are 0.3% n 0.1% vs previous readings of 0.2% and 0.1% respectively.
A surprise to the downside would stoke further speculation that the Fed won't raise its rates this year, sending the dlr lower.

Bids have now been lowered to 119.40/50 and more below at 119.20/30 with stops building up below there whilst initial offers are noted at 119.90/00, suggesting choppy trading would be seen.

Data to be released on Wednesday:
Japan CGPI, China CPI and PPI, France CPI, Italy CPI, UK average earnings, claimant count unemployment change, ILO unemployment, euro zone industrial production, Switzerland ZEW investor sentiment, U.S. retail sales and business inventories.

 

[acetraderfx]

AceTraderFx Oct 15: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
15 Oct 2015 00:44GMT

USD/JPY - ....... The greenback continued to ratchet lower throughout Asian and European sessions and dropped to 119.07 in New York morning after the release of poor U.S. retail sales data. Intra-day decline accelerated and price tumbled to intra-day low at 118.63 in New York afternoon as the release of a slightly dovish Fed Beige book increased speculation that the Fed won't raise its rates anytime soon.
However, price found renewed support at Asian open and rebounded strongly to 119.09 due to the early rise in Nikkei-225 index.

There is a slew of data from U.S. today but pay particular attention to the release of jobless claims and CPI mm and YY at 12:30GMT. Street forecasts are 270K, -0.1% and -0.2% respectively. A release of downbeat figures would further fuel speculation that the central bank is not ready to hike its rates, hence sending dlr lower.

Bids are now seen at 118.80/90 and more below at 118.60/70 with stops building up below there whilst initial offers are noted at 119.20/30, suggesting further choppy trading would be seen before recent decline resumed.

Data to be released on Thursday:

New Zealand manufacturing PMI, Australia employment change, full-time employment, participation rate and unemployment rate, Japan Tertiary Industry Index, industrial output, capacity utilization, U.S. real weekly earnings, jobless claims, NY Fed manufacturing, CPI and Philly Fed business index.

 

[acetraderfx]

AceTraderFx Oct 16: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
16 Oct 2015 00:43GMT

USD/JPY - ...... Despite yesterday's resumption of recent downtrend to a fresh 6-week trough at 118.06 ahead of New York open, the greenback rebounded to 118.78 at New York open, then rallied to 119.16 at Asian open, helped by the release of upbeat U.S. inflation n jobless claims data together with hawkish comments from some of the Fed officials.

U.S. will release its prelim. figure of University of Michigan consumer sentiment at 14:00GMT. Street forecast is for an increase to 89.0 from previous reading of 87.2.

Offers have now been raised to 119.40/50 n more above at 119.60/70 with stops building up above there whilst initial bids are noted 118.40/50, suggesting further choppy trading would be seen.

Data to be released on Friday:
New Zealand CPI, Australia Financial Stability Report, Italy trade balance, euro zone trade balance, inflation reports, Canada manufacturing sales, U.S. capacity utilization, industrial output, net long-term flows.

 

[acetraderfx]

AceTraderFx Oct 15: Intra-day Market Moving News -summary report of Kuroda's speech

Intra-day Market Moving News and Views
16 Oct 2015 07:25GMT

USD/USD -...... Reuters gave a summary report of early Kuroda's speech. Bank of Japan Governor Haruhiko Kuroda said earlier that consumer prices are rising more than 1 percent excluding fresh food and energy, which shows that the overall inflation trend is improving.

Kuroda also said domestic demand will strengthen as the companies and households use their income to increase spending, saying that consumer spending is recovering from a lull earlier this year.

Kuroda's optimism about the economy suggests he does not see the need to ease monetary policy, though some economists have said the BOJ will change its stance and expand its quantitative easing when it updates its economic forecasts later this month.

"The overall price trend is improving, and consumer prices are expected to accelerate toward our 2 percent inflation target," Kuroda said, according to the text of his speech at the Savings and Loan Association.

"Positive momentum in the corporate and household sectors shows that domestic demand is on track to strengthen."

 

[acetraderfx]

AceTraderFx Oct 19: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
19 Oct 2015 00:39GMT

USD/JPY - ....... Despite Friday's rise to 119.66 in New York morning, helped by the release of upbeat U. of Michigan Conusumer sentiment, the greenback retreated to 119.27 in New York afternoon and continued to remain under pressure in Australia today and dropped to 119.22 at Asian open.

In other news, Reuters reported, Japan FinMin Taro Aso voiced skepticism on Friday on whether a fresh round of monetary easing would be launched ahead of a Bank of Japan rate review, citing a surplus of cash in the Japanese economy and weak domestic demand. He added 'The Bank of Japan may not ease policy further any time soon.'

Since there is no major eco. data due today, order book remains relatively thin with bids now lowered to 118.90/00 and more below at 118.70/80 with stops building up below there.
Whilst initial offers are noted at 119.90/00, suggesting buying on dips is still favored.

Data to be released :
China GDP, industrial output, retail sales, UK Rightmove house prices, U.S. NAHB housing market index on Monday. Canada Federal Election.
Australia RBA meeting minutes, Germany producer prices, Switzerland trade balance, euro zone current accounts, Canad wholesale trade, U.S. building permits, house starts, and Redbook on Tuesday.
Japan trade reports, All Industry Activity Index, Australia CB leading indicator, Westpac leading index, UK PSNB, PSNCR, Canada BoC rate decision on Wednesday.
France Business Climate, Italy trade balance, UK retail sales, euro zone ECB rate decision, ECB's press conference, consumer confidence. Canada retail sales, U.S. jobless claims, monthly home price, existing home sales, Leading Index on Thursday.
China house prices, Caixin manufacturing PMI, Makit manufacturing PMI and service PMI for France, Germany and euro zone, Italy industrial orders, retail sales, wage inflation, Canada CPI on Friday.

 

[acetraderfx]

AceTraderFx Oct 20: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
20 Oct 2015 00:48GMT

USD/JPY - ....... Despite initial retreat to 119.14 in Asian morning, the greenback rose to session high at 119.61 in Asia on broad-based selling of JPY. Later, dlr retreated n continued to trade inside aforesaid range for the remainder of the day.

U.S. is set to release a slew of housing data today but market's focus will remain on speeches from Fed's Powell and Dudley, then Chief Yellen's at 15:00GMT.
Investors will be looking for any hints about prospects of Fed's first rate hike and whether it would be anytime this year or early next year.

Bids are now seen at 119.20/30 and more below at 119.00/10 with stops building up below there whilst initial offers are noted at 119.80/90, suggesting further choppy trading would be seen with neutral bias.
Data to be released on Tuesday:
Australia RBA meeting minutes, Germany producer prices, Switzerland trade balance, euro zone current accounts, Canad wholesale trade, U.S. building permits, house starts, and Redbook.