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

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AceTraderFx Sept 7: Intra-day Market Moving News and Views (USD/JPY)

Intra-day Market Moving News and Views
07 Sep 2015 00:53GMT

USD/JPY - ..... Although the greenback opened slightly lower in NZ today, price staged a rebound to 119.31 at Asian open.
However, renewed selling there due to increased concerns that Fed won't hike its rate in September meeting following the release of poor NFP data together with early fall in Nikkei-225 index pressured the pair lower and dlr dropped to 118.80.

Trading is likely to be relatively thin today due to U.S. labour market holiday. Some offers are seen at 119.20/30 and more above at 119.40/50 with stops building up above there whilst initial bids are noted at 118.50/60, suggesting choppy trading is envisaged till European open.

 

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AceTraderFx Sept 8: Intra-day Market Moving News and Views (USD/JPY)

Intra-day Market Moving News and Views
08 Sep 2015 02:30GMT

USD/JPY - ...... Despite finding some support at 119.22 in Australia today and rebounding to 119.53 at Asian open due to an upward revision in Japan's Q2 GDP figure together with initial rise in Nikkei-225 index, the greenback met renewed selling and dropped to 119.16 in Tokyo morning.

Since there is no major eco. data from U.S. today, trading volume is likely to remain thin with some offers noted at 119.40/50 and more above at 119.60/70 with stops building up above there whilst initial bids are seen at 118.80/90, suggesting further choppy trading would be seen.

 

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AceTraderFx Sept 9: Intra-day Market Moving News and Views (USD/JPY)

Intra-day Market Moving News and Views
09 Sep 2015 01:44GMT

USD/JPY - ..... Although the greenback retreated from yesterday's European high at 120.23 to 119.66 in NY morning, renewed buying lifted the pair and dlr rebounded to 120.02 in NY afternoon.
Price continued to trade with a firm bias ahead of Asian open and ratcheted higher to 120.36 in Tokyo morning due to the rally 3%+ rally in Nikkei-225 index.

Bids have now been raised to 119.90/00 and more below at 119.70/80 with stops building up above there whilst initial offers are noted at 120.50/60, suggesting consolidation with upside bias would be seen ahead of European open.

More on previous comments by BoJ member Shirai. Reuters reported that the central bank has maintained a positive interest rate on excess reserves parked at the BOJ because a negative rate may harm the intermediary function of financial institutions.

Shirai, speaking at a panel discussion in Brussels on Tuesday, said the possibility of cutting the rate on excess reserves could not be ruled out but such a move should be properly discussed taking into account the differences in market structures around the world.
He, in a text of the speech issued on Wednesday, also said that once a rising price trend takes hold from the latter half of the current fiscal year to next March, inflation expectations would head gradually towards 2%.
He also said that it is important to keep accommodative monetary policy to support economic recovery, with the feasibility of lowering interest paid on excess reserves can't be denied but such a policy should be properly discussed taking into account different market structures in the world.

 

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AceTraderFx Sept 9: Intra-day Market Moving News and Views (USD/JPY)

Intra-day Market Moving News and Views
10 Sep 2015 00:30GMT

USD/JPY - ..... Dlr fell ahead of Asian open due to renewed buying of Yen on risk aversion following downbeat Japanese data.

Reuters reported earlier Japanese machinery orders unexpectedly fell for a 2nd straight month in July, fuelling concerns that weak business investment could undermine a recovery from an economic contraction in the 2nd quarter.

Core machinery orders, a highly volatile data series regarded as an indicator of capital spending in the coming 6 to 9 months, fell 3.6% in July, the Cabinet office data showed on Thursday. That followed a 7.9% month-on-month decline in June and were far worse than a 3.7% increase expected by economists.

The weak data comes as a recent run of soft indicators cast doubt on the Bank of Japan's optimism that a steady economic recovery will help bring inflation to its 2% goal by around September 2016, keeping the bank under pressure to act.

Sluggish spending by firms and persistent weakness in private consumption and exports add to worries about slowing growth in China - Japan's biggest trading partner - which has unnerved global investors.

 

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

Intra-day Market Moving News and Views
11 Sep 2015 01:49GMT

USD/JPY - ..... The pair swung wildly in hectic trading on Thursday. Dlr staged a recovery from yesterday's 119.98 low (AUS) initially and spiked to session highs of 121.34 on Blooomberg headlines ruling LDP lawmaker Kozo Yamamoto (speaking in an interveiw with BLP) said the BoJ's October 30 meeting would be "good opportunity" for further easing.

Despite subsequent choppy sideways swings in European morning, dlr's broad-based weakness near European close pressured price to 120.46 before moving higher to 120.97 at Asian open today due to renewed cross-selling in yen.

Looks like consolidation is in store as offers are tipped at 121.00/10 and more above with stops above 121.35.
However, more selling interest is reported below daily res at 121.74.
On the downside, some bids are touted at 120.60-50 with stops below 120.40, suggesting consolidation with downside bias is in store.

Data to be released on Friday:
New Zealand manufacturing PMI, Germany CPI and HICP, France current account, Italy industrial output, Eurogroup meeting, U.S. PPI, University of Michigan consumer sentiment, and Federal budget.

 

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

Intra-day Market Moving News and Views
16 Sep 2015 01:06GMT

USD/JPY - ..... In total stark contrast to yesterday's initial weakness in Asia, dlr maintains a firm undertone in early Wednesday's trading.

Despite Tuesday's intra-day weakness in Asia and then selloff to 119.40 in Europe following BoJ Governor Kuroda's upbeat forecast of the Japanese economy at post-BoJ rate meeting press conference, short-covering lifted the pair and dlr later rallied in New York as an upward revision in the U.S. retail sales sent U.S. bond yields and the Dow higher, price climbed back to as high as 120.49.

Looks like said yesterday's 119.40 low would hold until Thursday's FOMC announcement and dlr may well ratchet higher from here after initial consolidation.
Bids are noted at 120.20-00 area and more below with stops reported at 119.80.
On the upside, offers are tipped at 120.55/65 and more above with stops above 120.85, however, more selling interest is reported at 121.00

Data to be released on Wednesday:
New Zealand current accounts, Australia Westpac leading index, Japan BoJ monthly economic survey, UK average earnings, claimant count unemployment change, ILO unemployment rate, Eurozone inflation, labour cost, Switzerland ZEW investor sentiment, U.S. CPI, weekly earnings, NAHB housing market index, net long-term flows.

 

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

Intra-day Market Moving News and Views
17 Sep 2015 01:39GMT

USD/JPY - ..... The greenback pares yesterday's cross-inspired gain from 120.11 (Europe) to 120.73 in New York despite tame U.S. inflation data as broad- based rise in global equities boosted risk appetite even market is nearly evenly split whether the Fed will start its rate hike cycle at its closely watched FOMC policy meeting later today.

Despite initial firmness at Tokyo open, selling emerged at 120.67 and knocked price to 120.43, suggesting consolidation below Wednesday's 120.73 high would continue.
Offers are tipped at 120.65/75 and more above with stops above 120.85. However, more selling interest is reported at 121.00/10.
Initial bids are noted at 120.40/30 with stops touted below 120.10.

Data to be released on Thursday:
New Zealand GDP, Japan trade reports, Switzerland 3-month target LIBOR rate, Italy trade balance, UK retail sales, U.S. building permits, current account, housing starts, Philly Fed business index, and Federal funds target rate.

 

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

Intra-day Market Moving News and Views
18 Sep 2015 01:30GMT

USD/JPY - ..... Although dlr gained temporary respite in Australian morning after o/n tumble from intra-day 120.99 high to 119.80 as unchanged Fed's rate decision and its downgrade of its long-term outlook on U.S. economy led to broad-based selloff in the greenback.
Price resumed yesterday's descent at Tokyo open as weakness in the Nikkei triggered buying of yen on risk aversion, price drpped to 119.66 but later spiked to 120.42 (not quite sure the reason for this ferocious move) before retreating.

Looks like 119.66-120.42 may well be the range for now and gyrations inside there is envisaged until European open. As no major U.S. eco. data are due out on Friday, dlr is expected to ratchet lower later today in post-FOMC blues.

Data to be released on Friday:
China house prices, euro zone current accounts, Canada CPI, and U.S. leading index change.

 

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AceTraderFx Sept 21: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
21 Sep 2015 02:13GMT

USD/JPY - ..... Japanese financial markets are closed for Respect for the Aged Day holiday today and Tue including Wednesday are also national holidays too. However, we have seen intra-day price swings in thin market condition on Monday.

The pair opened lower (119.79) in NZ following Friday's strong rally from 119.06 to as high as 120.04 and briefly climbed to 120.22 after tripping light stops above 120.05/10. However, price soon retreated due to lack of follow-through buying and decline extended to 119.78 in Asian morning.

Looks like the said intra-dy high print is here to stay, at least until European traders come in and range trading is expected to continue. However, dlr's rally in NY session Friday suggests buying the pair on dips is recommended. Bids are noted at 119.80-70 and more below with some stops touted below 119.40.
Offers are tipped at 120.10/20 and more above with stops reported above 120.45.

Data to be released this week:

Germany producer price index, Canada wholesale sales, U.S. existing home sales on Monday. Japan Respect-for-the-Aged Day Bank Holiday.

Australia house price index, China CB leading economic index, Switzerland trade reports, UK public sector net borrowing, CBI industrial trend survey, U.S. Redbook, housing price index, Richmond Fed manufacturing index, euro zone consumer confidence on Tuesday. Japan bank holiday.

Australia CB leading indicator, financial stability review, RBA annual report, China Caixin manufacturing PMI, Markit manufacturing PMI and Service PMI for France, Germany, and euro zone, France GDP, Canada retail sales, Markit manufacturing PMI for U.S. on Wednesday. Japan Autumnal Equinox Day holiday.

New Zealand trade reports, Japan manufacturing PMI, all industry activity index, UK Nationwide housing price, mortgage approvals, Germany Gfk consumer confidence survey, IFO reports, euro zone target LTRO, Italy industrial orders, retail sales, U.S. jobless claims, durable goods orders, new home sales, Chicago Fed national activity index on Thursday.

Japan inflation reports, CSPI, Germany import price index, Italy wage inflation, U.S. GDP, personal consumption expenditures, Markit Service PMI and University of Michigan consumer sentiment index on Friday.

 

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

Intra-day Market Moving News and Views
22 Sep 2015 00:27GMT

USD/JPY - ...... The greenback has run into some profit-taking offers after yesterday's rally to 120.66 in NY morning as U.S. equities rose on reassuring comments from Fed officials over the past few days.
Price continues to remain under pressure in thin trading conditions at Asian open as Japan continues to remain closed for market holiday.

Although there is no major eco. data due today, one should keep an eye on the release of U.S. house price index mm at 13:00GMT. Street forecast is 0.4% vs previous reading of 0.2.%.

Bids have now been lowered to 120.20/30 and more below at 120.00/10 with stops building up below 119.80 whilst initial offers are noted at 120.90/00, suggesting buying on dips still remains the favored strategy.

Data to be released on Tuesday:
Australia house price index, China CB leading economic index, Switzerland trade reports, UK public sector net borrowing, CBI industrial trend survey, U.S. Redbook, housing price index, Richmond Fed manufacturing index, euro zone consumer confidence on Tuesday. Japan bank holiday.