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

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

Intra-day Market Moving News and Views
15 Jun 2015 02:30GMT

USD/JPY - ..... Despite initial brief drop to 123.12 at NZ open caused by sell off in eur/yen cross, as eur/usd's renewed weakness in Asia has resulted in broad-based rebound in the greenback following Friday's decline. Price has ratcheted higher to 123.56, suggesting choppy sideways trading with upside bias is in store.

Bids are noted at 123.20-00 area with stops touted below there, on the upside, some offers are tipped at 132.70/80 and more above with stops reported at 124.00.
Intra-day dlr's broad-based strength suggests buying the pair on dips is therefore favoured.

This week will see the release of U.K. Rightmove house price, Swiss retail sales, U.S. New York Fed manufacturing, Canada’s manufacturing sales, U.S. industrial production, capacity utilization, NAHB housing market index, foreign treasury buy, net long-term flows and overall net capital flows on Monday.

Australian RBA meeting minutes, Germany’s CPI and HICP, U.K. CPI, PPI, RPI and DCLG house price index, ZEW economic sentiment, Eurozone employment change, U.S. building permits, housing starts and Redbook on Tuesday.

New Zealand’s current account, Japan’s exports, imports and trade balance, Australia’s Westpac leading index, U.K. claimant count and ILO unemployment rate, BOE MOC vote outcome, Eurozone inflation, Swiss ZEW investor sentiment, Canada’s wholesale trade, FOMC rate decision and policy statement on Wednesday.

New Zealand’s GDP, BOE quarterly bulletin, Japan’s tankan, China’s house prices, Swiss trade and target LIBOR rate, U.K. retail sales, Eurozone labour costs and ECB’s targeted LTRO, U.S. initial jobless claims, core CPI, current account, leading index and Philly Fed business index and Capex index on Thursday.

BOJ monetary policy statement, Japan’s all industry activity and leading economic index, Germany’s producer prices, Eurozone current account and net investment flow, U.K. PSNCR, Canada’s CPI and retail sales on Friday.

 

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AceTraderFx Jun 17: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
17 Jun 2015 02:21GMT

USD/JPY - 123.40... Dlr erased its early intra-day gains on Tuesday and briefly dipped to 123.29 in NY morning after the release of mixed U.S. housing data.
Price later moved sideways for rest of the session as well as in Tokyo morning on Wednesday as investors are keeping their powder dry ahead of the release of important FOMC monetary policy statements later today (18:00GMT) and Fed chief Janet Yellen's press conference 30 mins afterwards.

The U.S. Federal Reserve is widely expected to leave its benchmark federal funds rate unchanged. But market participants will sit through the statement and Yellen's comments for clues about when and how the Fed will start hiking the rate, which has been set at a range of 0.00-0.25% since December, 2008, in the throes of the financial crisis.

Although dlr has briefly edged higher to 123.46 at Asian open, the pair is expected to gyrate inside 123.00-124.00 ahead the NY open.
At the moment, bids are reported at 123.20-10 and around 123.00 with mixture of bids and stops at 122.80-70.
On the upside, offers are tipped at 123.50-60 and more around 123.80 with stops building just above 124.00.

On Tuesday, Office for National Statistics (ONS) said the rate of CPI rose to a seasonally adjusted 0.1% in May, from -0.1% in April. Month-over-month, CPI increased 0.2% last month, in line with expectation and after a 0.2% increase in April. In separate reports, ONS showed that U.K. PPI input fell unexpectedly to a seasonally adjusted -0.9%, from 1.4% in the preceding month whose figure was revised up from 0.4%, while U.K. RPI rose less-than-expected to a seasonally adjusted 1.0%, from 0.9% in the preceding quarter.

 

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AceTraderFx Jun 18: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
18 Jun 2015 02:29GMT

USD/JPY - 123.30... Although dlr extended early intra-day rally from 123.36 (Asia) to as high as 124.46 after release of Fed's unchanged rate decision in NY afternoon on Wednesday, price swiftly tumbled to 123.60 and then to session low of 123.10 due to dovish remarks by Fed chair Yellen at the post-FOMC press conference before stabilising.
Later, dlr climbed to 123.60 ahead of Asian open on Thursday and then retreated to 123.19 in part due to cross-buying in yen vs other major ccys.

Although dlr's renewed weakness in Asian morning suggests consolidation with mild downside bias would be seen ahead of European open and selling dlr on intra-day recovery is recommended, sharp fall below 123.10 is not likely to be seen as short-covering may emerge ahead of the release of important U.S. inflation reports in NY morning.

Street forecast is for monthly CPI to increase to 0.5% in May from 0.1% in previous month, whilst core CPI to drop slightly to 0.2% from previous reading of 0.3%.
In addition, investors should pay attention to the latest weekly jobless claims, U.S. leading index n Philly Fed Business Index.
At present, offers are reported at 123.40-50 n then 123.65/70 with mixture of offers and stops at 123.90-00.
On the downside, bids are noted at 123.10-00 and more below with a mixture of more buying interest and stops near 122.70-80.

Thursday will see the release of New Zealand's GDP, BOE quarterly bulletin, Japan's tankan, China's house prices, Swiss trade and target LIBOR rate, U.K. retail sales, Eurozone labour costs and ECB's targeted LTRO, U.S. initial jobless claims, core CPI, current account, leading index and Philly Fed business index and Capex index.

 

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

Intra-day Market Moving News and Views
19 Jun 2015 02:11GMT

USD/JPY - 122.95... Despite a brief sell off to 122.48 in NY morning after release of softer-than-expected U.S. inflation data, short-covering lifted price.
Dlr later pared some of its early losses and climbed back above 123.00 level to 123.17 due to release of upbeat Philly Fed Business Index together with rise in U.S. and European stock markets.

Today's focus for the greenback in Asia is on the announcement of BoJ monetary policy statement. The central bank is widely expected to make no change to its extremely accommodative monetary stance in its upcoming statement even as inflation runs at close to nothing, with recent comments from BoJ Governor Haruhiko Kuroda dashing expectations of near-term easing. A press conference will follow the release of the statement.

At the moment, cross-related bids are noted at 122.80-122.70 and then 122.55/50 with buying interest from various accounts located at 122.30-10 region, whilst offers are reported at 123.10-20 and more at 123.40-50 with stops building above 123.60.

Friday will see the release of BOJ monetary policy statement, Japan's all industry activity and leading economic index, Germany's producer prices, Eurozone current account and net investment flow, U.K. PSNCR, Canada's CPI and retail sales.

 

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AceTraderFx Jun 22: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
22 Jun 2015 01:46GMT

USD/JPY - .... The pair is trading near the lower level of its 1-1/2 week trading range of 122.47-124.46.
Although price briefly popped higher to 123.08 at NZ open due to initial sharp rise in eur/yen (due to a gap-up open in eur/usd), sellers quickly emerged and bot yen broadly, the pair fell to 122.56 in Tokyo open.

Looks like aforesaid range trading would continue as reported bids at 122.50-40 area are expected to contain downside and price may edge back to 122.90/00 later.
However, offers tipped at 123.00/20 area should cap subsequent bounce.

The only U.S. eco. data due out later today is existing home sales, unless reading is much stronger than expectation (May's figure is expected to come in at 5.25 mln vs 5.04 mln previously), dlr is likely to remain under pressure due to near term decline in U.S. treasury yields.

This week will see the release of New Zealand's Westpac consumer survey, Japan's BoJ monthly economic survey, U.S. national activity index, existing home sales and eurozone consumer confidence on Monday.

Australia's CB leading index and home price index, China's HSBC manufacturing PMI, Germany's and eurozone Markit manufacturing PMI and services PMI respectively, U.K. inflation report hearing and CBI trends, U.S. durable goods, Redbook, monthly home price and new home sales on Tuesday.

Japan's BoJ meeting minutes and CSPI, Canada's leading economic index, Swiss UBS consumption indicator, Germany's Ifo business climate, U.K. BBA mortgage approvals and financial stability report, U.S. GDP, price index, PCE and building permits on Wednesday.

Germany GfK consumer sentiment, U.K. CBI distributive trades, U.S. core PCE, personal consumption, KC Fed manufacturing on Thursday.

New Zealand's exports, imports and trade balance, Japan's all household spending, CPI and unemployment rate on Friday.

 

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AceTraderFx Jun 24: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
24 Jun 2015 02:15GMT

USD/JPY - ...... Dlr pared intra-day gains in NY session on Tuesday as short-covering rebound in eur/usd led to long liquidation in the USD. During the day, dlr rallied from 122.35 (Aust.) to as high as 124.19 in NY morning following 'hawkish' comments from Fed Gov. Powell (also FOMC member) and then retreated to 123.64. Later, although dlr staged a rebound to 124.01 in NY afternoon, the pair retreated to 123.76 at Asian open on Wednesday after BoJ minutes.

Looks like choppy sideways trading below 124.19 is in store in Asia but buying on dips in anticipation for another up move toward last week's peak at 124.46 is still the favoured strategy.
Later in NY session, investors should pay attention to the release of PCE readings n the updated estimate of 1st-quarter U.S. GDP growth from U.S. Commerce Department at 12:30GMT.

For now, bids are reported at 123.65/60 n then 123.50-40 with mixture of bids and stops at 123.20-10.
On the upside, offers from various accounts are tipped at 124.00-10 and more around 124.20 with stops building above 124.50.

Wednesday will see the release of Japan's BoJ meeting minutes and CSPI, Canada's leading economic index, Swiss UBS consumption indicator, Germany's Ifo business climate, U.K. BBA mortgage approvals and financial stability report, U.S. GDP, price index, PCE and building permits.

 

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AceTraderFx Jun 26: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
26 Jun 2015 02:09GMT

USD/JPY - ...... Dlr pared its early losses in NY session on Thursday due to renewed broad-based selling in yen and extended gain from its intra-day low at 123.32 (Europe) to 123.76 in NY morning following the release of a slew of strong U.S. eco. data (weekly jobless claims, personal income, personal consumption and PCE readings).
Later, despite the release of a surprise drop in U.S. Markit service PMI for June, dlr chopped inside 123.32-123.76 for rest of the NY session after news of no deal were made for Greek debt in the second day of emergency meeting.

Today, the lack of follow-through buying in the greenback after Thursday's release of strong U.S. eco. data and intra-day weakness in Tokyo morning suggests further choppy trading below this week's peak at 124.38 (Wednesday) would be seen with downside bias. Therefore, selling the pair on recovery is favoured.
Fund flow should dominate the market in Asian and early European session until the release of Reuters/Michigan consumer sentiment index and the speech from Fed's George on the Payments System in Kansas City at 14:00GMT and 16:45GMT respectively.

At the moment, bids are reported at 123.30-20 and then 123.05/00 with demand from Japanese importers tipped at 122.80-60.
On the upside, offers from various accounts are placed at 123.60-70 and more at 123.80/85 with stops building just above 124.00.

Friday will see the release of New Zealand's exports, imports and trade balance, Japan's all household spending, CPI and unemployment rate.

 

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AceTraderFx Jun 29: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
29 Jun 2015 02:05GMT

USD/JPY - ...... Although dlr gapped down to 122.74 at NZ open on Monday (Fri's closing price at 123.87) as worries over the fallout from the apparent collapse of debt talks with Greece fuelled caution and broad-based buying of yen on risk aversion pressured price to a fresh 1-month trough at 122.11, short-covering lifted price ahead of Asian open and dlr later climbed back above 123.00 level to 123.19 in Tokyo morning following the 'yen-negative' comments from BoJ's governor Kuroda before easing.

Expect fund flows to dominate the market until the release of U.S. pending homes sales (14:00GMT) in NY morning. Market estimates the U.S. pending home sales change to show another growth of 1.2% in May compare to the increase of 3.4% in preceding month, supporting by a gain in mortgage applications and new home sales.

At the moment, offers are noted at 123.50-60 and then 123.70/75 and 123.85/90 with stops building just above 124.00.
On the downside, bids are placed at 122.50-40 and more around 122.20 with stops emerging below 122.00.

This week will see the release of Japan's industrial output and retail sales, U.K. mortgage approvals and lending, euro zone business climate, consumer confidence, economic, industrial and services sentiment, German CPI, HICP, Canada's producer prices and U.S. pending home sales on Monday.

U.K. GfK consumer confidence, New Zealand NBNZ business outlook, Australia's HIA new home sales, Japan's construction order and housing starts, Germany's retail sales, Swiss KOF indicator, Germany's unemployment rate, U.K. current account, GDP, inflation report hearings, Canada's GDP, U.S. Redbook, Chicago PMI and consumer confidence on Tuesday.

Japan's Tankan, China's NBS manufacturing and non-manufacturing PMI, Australia's building approvals, private house approvals, Japan's manufacturing PMI, China's HSBC manufacturing PMI, Swiss manufacturing PMI, Germany's, eurozone and U.K. Markit manufacturing PMI respectively, U.S. ADP employment, Makit manufacturing PMI, construction spending, ISM manufacturing PMI on Wednesday.

U.K. BRC shop price index, Australia's trade balance, U.K. Nationwide house price and Markit construction PMI, eurozone producer prices, ECB monetary policy meeting, non-farm payrolls, unemployment rate, initial jobless claims, ISM, factory orders and durable goods on Thursday.

Australia's retail sales, China's HSBC services PMI, Germany's and U.K. Markit services PMI, eurozone retail sales on Friday.

 

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AceTraderFx Jul 2: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
02 Jul 2015 02:11GMT

USD/JPY - ..... Dlr rallied to 123.24 in NY on Wednesday as release of a slew of upbeat U.S. eco. data led to broad-based demand for the greenback.
Despite a brief retreat to 122.89 on profit-taking and in part due to cross-buying in yen, dlr rebounded in NY afternoon and rose to 123.43 in Tokyo morning on Thursday as gain in the Nikkei boosted risk appetite (N225 was last seen up 1.18% at 20570).

Today's focus for the greenback is on release of the key U.S. jobs reports and then the factory orders in NY morning, until then, buying dlr on dips in anticipation of further headway to 124.00 level is recommended.
At the moment, bids are reported at 123.30/25 and then 123.15/10 with stops emerging below 123.00, whilst offers are noted at 123.60-70 and more around 123.85/90 with stops building up just above 124.00.

The non-farm payrolls figure for June (scheduled one day earlier than normal due to national holidays Stateside on Friday for the weekend's 4th July celebrations) will be released at 12:30GMT, along with a barrage of other labour-market data such as the unemployment rate, average hourly earnings, and weekly jobless claims.

Market expects the data to show an increase of 230K payrolls in the US economy last month, down from 280K in May which was the highest since Dec 2014.
Meanwhile, the estimates for U.S. unemployment rate, averaged hourly earnings and weekly jobless claims are 5.4%, 0.2% and 270K vs previous readings of 5.5%, 0.3% and 271K respectively.

Thursday will see the release of U.K. BRC shop price index, Australia's trade balance, U.K. Nationwide house price and Markit construction PMI, eurozone producer prices, ECB monetary policy meeting, non-farm payrolls, unemployment rate, initial jobless claims, ISM, factory orders and durable goods.

 

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AceTraderFx Jul 6: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
06 Jul 2015 02:32GMT

USD/JPY - ...... Despite dlr's 'gap-down' open on Mon to a fresh 1-month trough at 121.70 in NZ as the Greek 'no' vote results triggered active cros-buying of yen on risk aversion, short-covering quickly lifted price ahead of Asian and dlr later climbed back to 122.71 in Tokyo morning before easing.

Although aforesaid intra-day rebound suggests consolidation with mild upside bias would be seen ahead of European open, intra-day weakness in Nikkei index (N225 was last seen down 1.36% to 20261) should prevent sharp gain above 122.00 level and yield retreat later, therefore, whilst buying on dips is recommended in Asia, position traders can look to sell on next intra-day rise.

At the moment, bids are noted at 122.30-20 and around 122.00 with stops located below 121.70, whilst offers from various accounts are tipped at 122.90-00 and then 123.20-30 with stops building just above 123.50.

This week will see the release of Japan's Coincident Indicator, Leading Indicator, Germany's Industrial Orders, Swiss CPI, eurozone Sentix Index, U.S. Markit Service PMI, Employment Trends, ISM non-manufacturing PMI, Canda's Ivey PMI on Monday.

Australia's RBA rate decision and statement, Swiss Unemployment Rate, Germany's Industrial Output, U.K. Industrial Output and International Trade, Canada's Exports, Imports and Trade Balance, U.S. Redbook on Tuesday.

U.K. BRC Shop Price Index, Japan's Current Account, Economy Watchers Poll, U.K. Budget Report, Canada's Building Permits and U.S. FOMC Minutes on Wednesday.

New Zealand's Business NZ PMI, U.K. RICS Housing Survey, Japan's Machinery Orders, Australia's Consumer Inflation, China's CPI, Australia's Unemployment Rate, Germany's Trade Balance, Exports, Imports, U.K. BOE rate decision, Canada's Housing Starts, New Housing Price Index, U.S. Initial Jobless Claims on Thursday.

Japan's Corp Goods Price, Australia's Housing Finance, Invest Housing Finance, Japan's BoJ Monthly Eco. Survey, Consumer Confid. Index, U.K. Goods Trade Balance, Canada's Employment Change, Unemployment Rate, U.S. Wholesale Inventories, Wholesale Sales and Monthly Budget Statement on Friday.