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

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

Intra-day Market Moving News and Views
22 Oct 2015 01:12GMT

USD/JPY - ....... Although the greenback traded with a firm bias yesterday and edged up to 120.07 ahead of European open, price retreated to 119.81 as risk appetite diminished due to selloff in Chinese stocks. However, dlr pared its losses and rose to session high at 120.09 in New York morning before falling to 119.82 in New York afternoon. The pair met renewed selling at 119.95 at Tokyo open and continues to remain under pressure in Tokyo morning.

Pay attention to the release of U.S. jobless claims at 12:30GMT. Street forecast is for a slight increase to 265K from previous reading of 262K. An upbeat figure would provide further evidence to the Fed that the labor market is improving n they can raise rates sometime this year.

Bids are now seen at 119.70/80 n more below at 119.50/60 with stops building up below there whilst initial offers are noted at 120.20/30, suggesting buying on intra-day dips is favored.
Data to be released on Thursday:
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.

 

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AceTraderFx Oct 23: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
23 Oct 2015 01:12GMT

USD/JPY - ....... Although price edged lower to 119.61 in Asia yesterday, the greenback rallied to 120.76 at New York midday, helped by the release of upbeat U.S. housing and jobless claims data. Dlr continued to ratchet higher and rose to 120.99 at Tokyo open today, helped by the initial 400+ points rally in the Nikkei-225 index.
However, profit-taking offers there capped intra-day gains and price retreated in Tokyo morning.

U.S. will release its preliminary reading of manufacturing PMI at 13:45GMT. Street forecast is for a slight decrease to 52.8 fm prev. figure of 53.1.

Bids have now been lowered to 120.50/60 and more below at 120.20/30 with stops building up below there whilst initial offers are noted at 121.20/30, suggesting buying on intra-day dips is still favored.

Data to be released on Friday:
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.

 

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

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

USD/JPY - ....... The greenback has finally retreated from 121.51 in thin trading conditions ahead of Australian open as New Zealand markets are closed for Labour day holiday and price retreated to 121.10 at Tokyo open on profit-taking offers. Dlr rallied from Friday's European low at 120.23 to as high as 121.47 in New York afternoon on improved risk appetite, triggered by interest rate cut from China's central bank together with rally in U.S. equities.

In the absence of major eco. data from U.S., orderbook is light with bids noted at 121.00/10 and some more below at 120.80/90 with stops building up below there whilst initial offers are noted at 121.50/60, suggesting mild upside bias would be seen.

Data to be released :

Germany Ifo reports, Bundesbank monthly report, UK BBA mortgage approvals, CBI industrial trends, U.S. new home sales on Monday.

New Zealand trade balance, Australia CPI, Switzerland UBS consumption indicator, UK GDP (prelim), U.S. durable goods orders, Redbook, building permits (revised) and consumer confidence on Tuesday.

New Zealand RBNZ rate decision, Japan retail sales, Germany Gfk consumer sentiment, France consumer confidence, Italy consumer confidence, business confidence, U.S. goods trade balance on Wednesday, Fed's interest rate decision on Wednesday.

Japan industrial output, industrial production, Australia exports and imports, UK Nationwide house price, Germany unemployment reports, CPI and HICP, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, U.S. pending home sales on Thursday.

Japan all household spending, CPI, unemployment rate, construction orders, housing starts, New Zealand NBNZ Business outlook, UK GfK consumer confidence, Australia housing credit, PPI, France consumer spending, producer prices, Switzerland KOF indicator, Italy unemployment rate, CPI (prelim), producer prices, euro zone inflation (flash), unemployment rate, U.S. employment costs, employment wages, PCE, personal consumption real, personal income, consumption, core PCE, Chicago PMI, and Canada GDP on Friday.

 

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AceTraderFx Oct 27: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
27 Oct 2015 00:46GMT

USD/JPY - ....... The greenback met profit-taking offers at 121.51 yesterday in Australia and continued to ratchet lower in Asia and Europe, eventually falling to session low at 120.60 in New York morning. Dlr briefly recovered to 120.10 in New York afternoon.
However, renewed selling interest capped recovery and price fell sharply at Tokyo open to 120.77 on broad-based buying of JPY.

There is a slew of U.S. eco. data to be released today, including durable goods, building permits, CaseShiller house prices, Services PMI n consumer confidence. Pay particular attention to the consumer confidence at 14:00GMT. Street forecast is for a slight decrease to 102.5 from previous reading of 103.0.

Offers are now lowered to 121.00/10 and more above at 121.20/30 with stops building up above there whilst bids are noted at 120.40/50 and more below at 120.20/30, suggesting initial downside bias would be seen but position traders should look to buy on intra-day dips.

Data to be released on Tuesday:
New Zealand trade balance, Switzerland UBS consumption indicator, UK GDP (prelim), U.S. durable goods orders, Redbook, building permits (revised) and consumer confidence.

 

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AceTraderFx Oct 28: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
28 Oct 2015 01:11GMT

USD/JPY - ........ The greenback met renewed selling interest at 120.74 at European open n dropped to session low at 120.16 at New York open and continued to remain under pressure for remainder of the New York session as the Federal Reserve concludes its 2-day meeting today and announces its rate decision.
Despite a brief rebound to 120.55 at Tokyo open, dlr fell again to 120.24 in Tokyo morning on broad-based buying of jpy.

Mkt shifts to Fed's rate decision at 18:00GMT, however, it is widely expected there won't be any rate hike this month due to underlying concerns over a slowdown in China and the broader impact on global growth.

Offers are now seen at 120.50/60 and more above at 120.70/80 with stops building up above there whilst initial bids are noted at 119.90/00, suggesting downside bias would be seen, hence selling on intra-day pullback is favored.

Data to be release on Wednesday:
Japan retail sales, Germany Gfk consumer sentiment, France consumer confidence, Italy consumer confidence, business confidence, U.S. goods trade balance, and Fed's interest rate decision.

 

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

Intra-day Market Moving News and Views
29 Oct 2015 01:12GMT

USD/JPY - ........ Despite a brief spike down to 120.02 post FOMC's unchanged rate decision, the greenback surged to 121.26 in New York afternoon on an unexpectedly hawkish Fed, who said a rate hike in December is still on the table. However, price pared its gains and retreated to 120.91 near New York close, then ratcheted lower to 120.59 at Tokyo open on broad-based buying of jpy after the release of upbeat industrial output eased pressure on the BoJ to add to its stimulus measures.

The BoJ began its 2-day meeting today n will announce its rate decision tomorrow. Although it is widely expected that the central bank will not add to its already huge stimulus program, traders should pay attention to the language used by Kuroda in his press conference for an forward guidance.

Bids have now been lowered to 120.30/40 n more below at 120.10/20 with stops building up below there whilst initial offers are noted at 121.20/30, suggesting choppy sideways trading would be seen.
Data to be released on Thursday:
New Zealand RBNZ rate decision, Japan industrial output, industrial production, Australia exports and imports, UK Nationwide house price, Germany unemployment reports, CPI and HICP, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, U.S. jobless claims, and pending home sales.

 

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

Intra-day Market Moving News and Views
02 Nov 2015 01:05GMT

USD/JPY - ........ Despite intra-day gap-down open to 120.32 in New Zealand due to the release of weak Chinese data over the weekend, failure to penetrate Friday's low at 120.28 triggered short-covering and price rebounded to 120.58 ahead of Tokyo open.
However, dlr met renewed selling interest there as the Nikkei-225 index tumbled in early trade (currently down by close to 300 points) and continues to remain under pressure.

Pay attention to the release of ISM manufacturing PMI at 15:00GMT. Street forecast is for a slight drop to 50.0 from previous reading of 50.2.

Offers are now seen at 120.50/60 and more above at 120.70/80 with stops building up above there whilst initial bids are noted at 120.00/10, suggesting mild downside bias would be seen in Asian session.

Data to be released :

Australia AIG manufacturing index, building approvals, private house approvals, Japan Nikkei manufacturing PMI, China Caixin manufacturing PMI, Switzerland retail sales, Markit manufacturing PMI for Italy, Germany, euro zone and UK, Canada RBC manufacturing PMI, U.S. ISM manufacturing PMI on Monday.
Australia RBA cash rate decision, RBA rate statement, UK Markit/CIPS consutruction PMI, U.S. Redbook, durable goods revised, factory orders on Tuesday.
New Zealand HLFS jobs reports, labour cost index, Australia AIG service index, trade balance, exports, imports, retails sales, UK BRC shop price index, China Caixin service PMI, Japan consumer confidence, Markit service PMI for Italy, France, Germany, euro zone and UK, euro zone producer price, U.S. ADP national employment, internation trade, Markit service PMI, ISM non-manufacturing PMI, and Canada trade reports on Wednesday.
Japan BoJ monetary policy meeting minutes, Switzerland consumer confidence, CPI, Germany industrial orders, euro zone retail sales, U.K. BoE MPC vote outcome, BoE rate decision, U.S. initial jobless claims, and Canada Ivey PMI on Thursday.
Australia AIG construction index, Japan leading indicator, Germany industrial output, France budget balance, trade reports, U.K. Halifax house price, industrial output, manufacturing output, trade balance, U.S. non-farm payrolls, unemployment rate, average earnings, and Canada building permits, employment change, unemployment rate on Friday.

 

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

Intra-day Market Moving News and Views
03 Nov 2015 01:01GMT

USD/JPY - ......... Despite yesterday's initial weakness to 120.26 in Asian morning, the greenback gained to 120.70 in European morning before easing. Dlr found renewed buying at 120.50 in New York morning and ratcheted higher to 120.81 near New York close, then 120.85 in thin trading at Asian open as Japanese markets will remain closed today for culture day holiday.

There is a slew of data to be released from U.S. today but traders should pay attention to release of factory orders at 15:00GMT. Street forecast is -0.9% vs previous reading of -1.7%.

Bids are now seen at 120.50/60 and more below at 120.30/40 with stops building up below there whilst initial offers are noted at 121.30/40, suggesting near term upside bias is seen, hence buying on dips is favored.

Data to be released on Tuesday:

Australia RBA cash rate decision, RBA rate statement, Japan's financial market closed for Culture Day holiday, UK Markit/CIPS consutruction PMI, U.S. Redbook, durable goods revised, factory orders.

 

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AceTraderFx Nov 4: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
04 Nov 2015 01:10GMT

USD/JPY - ........ The greenback found renewed buying at 120.60 in early European morning and rose to session high 121.23 New Yoyk morning on broad-based dlr strength.
However, profit-taking offers there pressured the pair lower n price retreated to 120.94 in New York afternoon. Later, price found renewed support and gained ahead of Asian open before rallying to 121.26 in Tokyo morning due to the 350+ points rally in Nikkei-225 index.

Market focus now shifts on Fed Chair Janet Yellen's speech at 15:00GMT, who will testify before the House Financial Services Committee on Federal Reserve actions and plans for bank regulation and supervision. Although the focus of the talk is not monetary policy, traders shouldd look out for any hints dropped by the Chief about a possible rate hike in December.

Bids are now seen at 121.00/10 and more below at 120.80/90 with stops building up below there whilst initial offers are noted at 121.70/80, suggesting buying on dips is the way to go.

Data to be released on Wednesday:

New Zealand HLFS jobs reports, labour cost index, Australia AIG service index, trade balance, exports, imports, retails sales, UK BRC shop price index, China Caixin service PMI, Japan consumer confidence, Markit service PMI for Italy, France, Germany, euro zone and UK, euro zone producer price, U.S. ADP national employment, international trade, Markit service PMI, ISM non-manufacturing PMI, and Canada trade reports

 

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

Intra-day Market Moving News and Views
05 Nov 2015 01:13GMT

USD/JPY - ......... The greenback found renewed buying at 121.00 at European open yesterday and gained to 121.34 in European morning, then rallied to intra-day high at 121.72 in New orkY morning on dlr's broad-based strength following the release of upbeat U.S. services PMI and ISM non-manufacturing PMI data.
However, profit-taking offers there capped intra-day gains and price retreated. Dlr continues to remain under pressure in Tokyo morning after the release of BoJ minutes, weighed by broad-based buying of JPY.

Pay attention to the release of U.S. jobless claims at 13:30GMT. Street forecast is for a slight increase to 262K from previous reading of 260K.

Bids are now lowered to 121.30/40 and more below at 121.10/20 with stops building up below there whilst initial offers are noted at 121.90/00, suggesting buying on dips is still the favored strategy.

Data to be released on Thursday:

Japan BoJ monetary policy meeting minutes, Switzerland consumer confidence, CPI, Germany industrial orders, euro zone retail sales, U.K. BoE inflation report, BoE MPC vote outcome, BoE rate decision, U.S. initial jobless claims, unit labour cost, productivity, and Canada Ivey PMI.