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

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AceTraderFx Jul 29: Intra-day Market Moving News and Views (USD/JPY)

Intra-day Market Moving News and Views
29 Jul 2015 01:32GMT

USD/JPY - ...... Dlr rallied on Tue as recovery in Chinese stocks after an initial 4%-drop prompted selling in yen, price rose fROm Asian low at 123.08 to as high as 123.80 at NY open before retreating in part due to profit-taking.
Later, dlr dropped back to 123.50 following the release of downbeat U.S. consumer confidence and then moved sideways for rest of the NY session and as well as in subdued Asian trading on Wed as investors are keeping their powder dry ahead of the release of important FOMC monetary policy statements later today (18:00GMT).

The U.S. Federal Reserve is widely expected to leave its benchmark federal funds rate unchanged. But market participants will sit through the statement for hints about when and how the Fed will start hiking the rate, which has been set at a range of 0.00-0.25% since Dec, 2008, in the throes of the financial crisis.
In addition, investors should pay attention to the release of U.S. pending homes sales at 14:00GMT.

At the moment, bids are reported at 123.30-20 and around 123.10 with stops building below 123.00.
On the upside, offers from various accounts are tipped at 123.80-90 then 124.00/05 with stops just above 124.20.

Wednesday will see the release of Japan's retail sales, Germany's GfK consumer sentiment, Swiss UBS consumption indicator, U.K. mortgage approvals and CBI distributive trades, U.S. pending home sales change, FOMC rate decision and Fed's monetary policy statement.

 

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AceTraderFx Jul 30: Intra-day Market Moving News and Views (USD/JPY)

Intra-day Market Moving News and Views
30 Jul 2015 02:33GMT

USD/JPY - 124.16... Dlr continues o/n gain in Asian morning on Thursday following the release of FOMC statement in Wednesday's NY afternoon session which showed that Fed is on track to raise rates. Price briefly dipped to 123.88 just ahead of Asian open before rising above o/n NY high of 124.03 to 124.17.

Today's major focus for the greenback after y'day's FOMC statement is the release of preliminary reading for U.S. Q2 GDP and the weekly jobless claims at 12:30GMT. Market expects the U.S. GDP annualized rate for Q2 to return to positive territory n show a rise of 2.6% compares to previous reading of -0.2% due to bad weather ion Q1, while the weekly U.S. jobless claims to increase 15K to 270K. Meanwhile, investors should also pay attention to the release of U.S. trade balance and personal consumption expenditures prices for Q2 which are also to be released at 12:30GMT.

At the moment, initial buying interest is noted in 124.00-123.90 and solid bids at 123.55-50 with stops stops just below 123.30.
On the upside, offers from exporters are reported at 124.35-45 with fairly stops touted above 124.50.

Thursday will see the release of New Zealand's building consents, Japan's industrial output and IP forecast, Australia's building approvals, import and export prices, Swiss KOF indicator, Germany's unemployment, eurozone business climate, consumer inflation expectation, consumer confidence, unemployment rate, eurozone unemployment rate, Germany's CPI and HICP, U.S. initial jobless claims.

 

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AceTraderFx Jul 31: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
31 Jul 2015 02:34GMT

USD/JPY - ...... Although dlr rose above previous July's peak at 124.48 to a fresh 7-week high of 124.58 in NY morning on Thursday after official preliminary data showed that U.S. economic growth accelerated in the second quarter, lack of follow-through buying prompted profit-taking and dlr later retreated to 124.09 in NY afternoon.
In early Friday's trading, dlr met renewed selling at 124.28 (AUS) and then fell to 123.93 after tripping light stops below 124.00 b4 staging a recovery.
Intra-day weakness in the Nikkei and Chinese stocks suggests sideways trading below said yesterday's 124.58 high would continue.

Today, looks like consolidation with mild downside bias would be seen in Asia n Europe b4 the release of U.S. Chicago PMI and Reuters/Michigan consumer sentiment index at 13:45GMT and 14:00GMT respectively. Having said that, investors should also take note to the release of Japan's construction orders and housing starts at 05:00GMT.

At present, offers are tipped at 124.10-20 and more at 124.35/40 with mixture of offers and stops at 124.50-60.
On the downside, bids are placed in 123.80-123.60 region and around 123.50 with buying interest from various accounts at 123.30-20.

Earlier on Friday, official data showed that the total work force that Japan’s unemployment rate rose unexpectedly last month to 3.4%, from 3.3% in the preceding month.
Meanwhile, data showed that household spending in Japan fell more-than-expected to a seasonally adjusted -2.0% from 4.8% in the preceding month, Tokyo's core CPI fell to at an annualized rate of -0.1% from 0.1% in the preceding month, and Japan's national core CPI remained unchanged unexpectedly at 0.1% last month.

Friday will see the release of U.K. GfK consumer confidence, Japan's all household spending, CPI and unemployment rate, Australia's PPI, Japan's construction orders and housing starts, eurozone inflation, Canada's GDP, U.S. employment costs, Chicago PMI and Reuters/Michigan consumer sentiment index.

 

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AceTraderFx Aug 3: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
03 Aug 2015 02:00GMT

USD/JPY - ..... Although dlr fell sharply from 124.38 to 123.52 in Friday's NY morning after data showed that U.S. wage growth for the Q2 increased by the lowest level in more than 30 years, buying interest quickly emerged there and price later climbed back to 124.03 near NY close following the 'hawkish' comments from St. Louis Federal Reserve President James Bullard, then marginally higher to 124.12 at Asian open on Monday before retreating.

Today, as market's speculation of further weakening in yen would continue after comments from BoJ Governor Kuroda who said that he didn't intend to draw any "line in the sand" for the dollar/yen, buying the pair on dips is recommended.
Having said, investors should pay attention to the release of a slew of U.S. eco. data later in NY morning, this includes the PCE index, personal income, personal consumption, construction spending and ISM manufacturing PMI.
In addition, Federal Reserve Board Governor Jerome Powell will speak on "The Structure and Liquidity of Treasury Bond Markets" before the Brookings Institution "Are There Structural Issues in the U.S. Bond Markets?" Conference at 14:50GMT.

At the moment, bids are placed in 123.80-123.60 region and around 123.50 with buying interest from various accounts at 123.30-20.
On the upside, offers are tipped at 124.20-30 and more at 124.35/40 with mixture of offers and stops at 124.50-60.

This week will see the release of Australia's HIA new home sales, Japan's manufacturing PMI, U.K. Nationwide house prices, Swiss manufacturing PMI, Germany's, eurozone and U.K. Markit manufacturing PMI respectively, U.S. PCE price index, construction spending and ISM manufacturing PMI on Monday.

Australia's retail sales, trade balance, RBA rate decision and policy statement, U.K. Markit construction PMI, eurozone producer prices, U.S. Redbook, Canada's RBC manufacturnig PMI, U.S. ISM, durable goods and factory orders on Tuesday.

New Zealand's HLFS unemployment rate and labour cost index, China's Caixin services PMI, Swiss CPI, Germany's, eurozone and U.K. Markit services PMI respectively, eurozone retail sales, U.S. ADP National employment, Canada's exports, imports and trade balance, U.S. ISM non-manufacturing PMI on Wednesday.

Australia's unemployment rate, Japan's leading indicator, Swiss consumer confidence, Germany's industrial orders, U.K. industrial and manufacturing output, BOE MPC vote outcome and rate decision on Thursday.

Australia's housing finance, Swiss unemployment rate, Germany's exports, imports, trade balance and industrial output, U.K. goods trade balance, Canada's unemployment rate, building permits, employment change and Ivey PMI, U.S. average earnings, non-farm payrolls and unemployment rate on Friday.

 

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AceTraderFx Aug 5: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
05 Aug 2015 02:35GMT

USD/JPY - ...... Dlr rallied in NY afternoon session after comments from Atlanta Fed President Dennis Lockhart who said 'Fed is "Close" to being ready to raise short-term rates'. Price rose to 124.41 in NY afternoon n then eased to 124.26 before climbing higher to 124.48 in Asian morning on Wednesday as renewed weakness in eur/usd led to broad-based usd's strength vs its major peers.

Earlier in Asian morning on Wednesday, data showed that Japanese services sector activity expanded in July at a slightly slower pace than the previous month, suggesting only a moderate rebound in the economy after an expected contraction in the second quarter. The Markit/Nikkei Japan Services PMI fell to a seasonally adjusted 51.2 in July from 51.8 in June.

In Asia and early Europe, dlr's intra-day firmness vs Japanese yen in Tokyo morning on Wednesday suggests consolidation with upside bias would be seen and buying the pair on dips is recommended.
However, sharp gain above last week's top at 124.58 is not envisaged and price should falter below 125.00 ahead of the release of a slew of U.S. eco. reports in NY morning, these include ADP employment, U.S. international trade balance, Markit services PMI and ISM-mfg PMI.

At the moment, bids from various accounts are noted in 124.20-124.00 region with stops below 123.80 whilst some offers are tipped at 124.50-60 and more above with stop touted above 124.80.

Wednesday will see the release of New Zealand's HLFS unemployment rate and labour cost index, China's Caixin services PMI, Swiss CPI, Germany's, eurozone and U.K. Markit services PMI respectively, eurozone retail sales, U.S. ADP National employment, Canada's exports, imports and trade balance, U.S. ISM non-manufacturing PMI.

 

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

Intra-day Market Moving News and Views
06 Aug 2015 02:31GMT

USD/JPY - ...... Dlr traded sideways in Asia n European morning on Wednesday and despite a brief but sharp drop to 124.02 in NY morning after release of a weak ADP private payrolls data, renewed buying quickly lifted price and dlr then rallied above Asian high of 124.48, then last week's top at 124.58 to a fresh 7-week peak of 125.01 on robust U.S. ISM non-mfg PMI. However, profit-taking knocked the pair down to 124.72 in NY and dlr edged lower to 124.71 in Asian morning.
Today, although intra-day retreat suggests consolidation is in store ahead of release of weekly U.S. jobless claims, buying dlr on dips is recommended.

At the moment, bids from various accounts are noted in 124.50-124.30 region with stops below 124.20, however, more buying interest is touted around 124.00.
On the upside, some offers are tipped at 124.90-00 and more above with stop placed above 125.30.

Thursday will see the release of Australia's unemployment rate, Japan's leading indicator, Swiss consumer confidence, Germany's industrial orders, U.K. industrial and manufacturing output, BOE MPC vote outcome and rate decision.

 

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AceTraderFx Aug 7: Intra-Day News and Views (USD/JPY) & data to be released today

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

USD/JPY - ...... Although dlr edged higher after finding sup at 124.70 in Asia on Thursday and then climbed to 124.96 at New York open, selling interest below Wednesday's 7-week high of 125.01 capped intra-day gain there and dlr later retreated to 124.54 as weakness in U.S. stocks prompted yen-buying on risk aversion.
Later, dlr rebounded to 124.78 in late New York and then moved sideways for rest of the New York session.

In Asia, focus for the greenback is on the announcement of latest BoJ's monetary policy decision (expect to be 03:00-04:00GMT) and the Kuroda's press conference at 06:30GMT.
BoJ is expected to keep its money-printing program intact on Friday. The central bank is also likely to maintain its relatively positive outlook assessment for the economy, and to continue to insist the inflation target is in sight and will be hit soon

Later in New York session, market's focus will shift to the release of market's important U.S. jobs reports in NY morning, these include U.S. non-farm payroll, unemployment rate, and average hourly earnings. Economists are expecting an increase in payrolls of 223K, which is the same to last month's reading of 223K. For U.S. unemployment rate, economists are also forecasting it to be unchanged at 5.3%.
Finally, growth in average hourly earnings is expected to increase to 0.2% from last month's disappointing 0.0% growth rate.

Friday will see the release of Australia's housing finance, Swiss unemployment rate, Germany's exports, imports, trade balance and industrial output, U.K. goods trade balance, Canada's unemployment rate, building permits, employment change and Ivey PMI, U.S. average earnings, non-farm payrolls and unemployment rate.

 

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AceTraderFx Aug 10: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
10 Aug 2015 01:39GMT

USD/JPY - 124.33.. Despite Friday's intra-day sell-off from a fresh 7-week high of 125.07 to 124.10 in post-NFP NY session, DLR staged a modest bounce ahead of Asian morning, possibly on buying by Japanese importers, suggesting sideways trading is in store.

Some offers are tipped at 124.45/55 and more above with stops noted above 124.85.
However, more selling interest is reported at 124.95/05.
At the moment, bids are touted at 124.20-10 with stops below 124.00.

Data to be released this week:

Japan current account, trade balance, BoJ economic survey, consumer confidence and EU sentix index on Monday.

UK BRC retail sales; Australia NAB business conditions, business confidence, Japan machine tool orders, Italy CPI, EU economic sentiment, Germany current conditions, economic sentiment, Canada housing starts, U.S. unit labor costs, redbook retail sales, wholesale inventories and wholesale sales on Tuesday.

Japan CGPI, machinery orders, industrial output, capacity utilisation, Australia WPI, consumer sentiment, China industrial output, retail sales, France current account, Italy trade balance, UK ILO unemployment rate, claimant count, average earnings, EU industrial production and U.S. Fed budget on Wednesday.

New Zealand manufacturing PMI, Japan machinery orders, Germany CPI, HICP, France CPI, Swiss PPI, Canada new housing price, U.S. export prices, import prices, retail sales and business inventories on Thursday.

New Zealand retail sales, France GDP, Germany GDP, Italy GDP, EU GDP, inflation, Canada manufacturing sales, U.S. capacity utilisation and industrial output on Friday.

 

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AceTraderFx Aug 11: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
11 Aug 2015 01:09GMT

USD/JPY - .... Dlr has maintained a steady tone in Asian morning and only budged a little from 124.78 (Europe) to 124.45 in NY session due to active cross-selling in yen despite broad-based sell-off in the greenback.

Intra-day gain in the Nikkie (currently up by approx. 100 points) following o/n rally in the Dow suggests sideways trading is in store in Asia.
However, anticipated renewed weakness in the buck on further long liquidation suggests selling the pair for another decline is still favoured today.

Offers are tipped at 124.75/85 and more above with fairly large stops touted above 125.10.
Initial bids are noted at 124.45-35 and more below with a mixture of bids and stops just below 124.00.

Date to be release on Tuesday:

UK BRC retail sales; Australia NAB business conditions, business confidence, Japan machine tool orders, Italy CPI, EU economic sentiment, Germany current conditions, economic sentiment, Canada housing starts, U.S. unit labor costs, Redbook, wholesale inventories and wholesale sales.

 

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

Intra-day Market Moving News and Views
12 Aug 2015 02:22GMT

USD/JPY - ..... Dlr briefly climbed above yesterday's 2-month high of 125.21 (NY) to 125.25 as a surprise move by the PBOC to weaken the mid-reference point of the yuan by another 1.618% led to broad-based gain in the greenback, both Aud and Nzd tumbled to fresh 6-year lows and Asian ccys also tanked on this China move.

Although intra-day firmness suggests buying dlr on dips is the way to go, intra-day sell-off in the Nikkei following on weakness in the Dow and fall in U.S. Treasury yields to 3-month lows on Tuesday suggest strong gain is unlikely and upside should falter below 2015 peak at 125.86.

Bids are noted at 125.05-00 and more below with stops reported below 124.60.
On the upside, offers are tipped at 125.40/50 and more at 125.65/75 with fairly large stops above 125.90/00.
At 04:30GMT, Japan will release Jun's industrial production and capacity utilisation.


Data to be release on Wednesday:

Japan CGPI, machinery orders, industrial output, capacity utilisation, Australia WPI, consumer sentiment, China industrial output, retail sales, France current account, Italy trade balance, UK ILO unemployment rate, claimant count, average earnings, EU industrial production and U.S. Fed budget.