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

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

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

USD/JPY - ......... The greenback rose from Asian low at 121.39 to intra-day high at 122.01 at New York open, however, price pared its gains and retreated to 121.52 at New York midday, weighed down by the release of mildly downbeat U.S. jobless claims. Later, dlr staged a rebound to 121.80 in New York afternoon before retreating again and remaining under pressure at Tokyo open.

Market focus is now solely on the release of U.S. jobs report. Street forecast of non-farm payroll is for an increase to 180K from previous reading of 142K whilst unemployment rate is expected to remain unchanged at 5.1%. An upbeat employment report would further boost the case of a December rate hike n send the dlr higher.

Bids are now seen at 121.40/50 and more below at 121.10/20 with stops building up below there whilst initial offers are noted at 122.10/20, suggesting choppy trading would be seen ahead of the jobs report release.

Data to be released on Friday:

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.

 

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AceTraderFx Nov 9: Intra-Day News and Views (USD/JPY) & data to be released today

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

USD/JPY - ........ The greenback rallied to as high as 123.27 at New York midday on Friday after the release of an upbeat U.S. jobs report increased speculation that the Fed will raise its rates in December this year. Dlr opened higher to 123.36 in New Zealand n continued to trade with a firm undertone in Tokyo morning.

Since there is no major eco. data due today, traders in Asia and Europe are likely to trade the buck on Friday's jobs report. Bids are seen at 122.90/00 and more below at 122.70/80 with stops building up below there whilst initial offers are noted at 123.50/60, suggesting upside bias would be seen.

Data to be released next week:

Germany imports, exports, trade balance, EU Sentix index, Canada housing starts and U.S. employment trends on Monday.

Japan current account, economy watcher poll, Australia housing finance, invest housing finance, business condition, business confidence, China CPI, PPI, Swiss unemployment rate, France industrial output, Italy industrial output, U.S. business optimism, export prices, import prices, Redbook, wholesale inventories and wholesale sale on Tuesday.

China urban investment, industrial output, retail sales, U.K. average earning, claimant count unemployment change, unemployment rate, mortgage market index and mortgage market refinance index on Wednesday.

New Zealand manufacturing PMI, Japan corp goods price, machinery orders, U.K. housing survey, Australia employment, unemployment rate, Germany CPI final, HICP final, France CPI, current account, inflation ex-tobacco, EU industrial production, Canada new housing price index and U.S. Federal budget on Thursday.

Japan capacity untilisation index change, industrial output, France GDP preliminary, non-farm payrolls, Germany GDP flash, Swiss producer import price, Italy GDP Prelim, consumer prices, CPI, EU Eurostat trade, GDP flash, U.S. retail sales ex-auto, retail sales ex-gas/auto, retail sales and business inventories on Friday.

 

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


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

USD/JPY - ...... Although the greenback resumed its recent ascent and rose to session high at 123.61 in European morning, price pared its gains and retreated to intra-day low at 122.97 in New York afternoon on profit-taking and due to the selloff in U.S. equities. Dlr staged a rebound to 123.19 at Tokyo open but renewed selling interest there capped intra-day gain and price fell once again.

U.S. will release a slew of data today, ranging from export n import price index to wholesale inventories and sales. On the whole, the release of better-than-expected data would further strengthen the case of a Fed rate hike in December this year.

Bids are now seen at 122.80/90 and more below at 122.60/70 with stops building up below there whilst initial offers are noted at 123.60/70, suggesting choppy trading would be seen for the time being.

Data to be released on Tuesday:

Japan current account, economy watcher poll, Australia housing finance, invest housing finance, business condition, business confidence, China CPI, PPI, Swiss unemployment rate, France industrial output, Italy industrial output, U.S. business optimism, export prices, import prices, Redbook, wholesale inventories and wholesale sale.

 

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

Intra-day Market Moving News and Views
11 Nov 2015 01:18GMT

USD/JPY - ....... Despite edging up to session high at 123.44 in New York morning yesterday, failure to penetrate Monday's high at 123.61 triggered profit-taking and price retreated to 123.05 in New York afternoon before recovering.
However, renewed pressure at 123.29 sent the pair lower and dlr fell further in Tokyo morning to 122.83, due partly to the initial retreat in Nikkei-225 index.

There is no eco. data due from U.S. today as markets will be closed for Veterans day holiday, hence trading is likely to be thin with bids now lowered to 122.60/70 and some more below at 122.40/50 with stops building up below there whilst initial offers noted at 123.40/50.

Data to be released on Wednesday:

China urban investment, industrial output, retail sales, U.K. average earning, claimant count unemployment change, unemployment rate, mortgage market index and mortgage market refinance index. It is Veterans Day in U.S. and Remembrance Day in Canada on Wednesday.

 

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

Intra-day Market Moving News and Views
12 Nov 2015 01:17GMT

USD/JPY - ........ The greenback rose from session low at 122.74 in Asia to intra-day high at 123.21 in European morning, however, the dlr pared its gains and retreated to 122.85 at New York midday, then marginally lower to 122.83 in late New York.
Price continued to remain under pressure n dropped to 122.74 ahead of Tokyo open on dlr's broad-based weakness. Later, the pair found renewed support there and rebounded to 122.88 in Tokyo morning on broad-based selling of jpy.

U.S. will release its jobless claims at 13:30GMT. Street forecast is for a decrease to 270K from previous reading of 276K. An upbeat data would further bolster the case of a December rate hike, following last Fri's robust jobs report.
Later, attention will shift to Fed Chair Yellen's speech at 14:30GMT at the Fed's policy conference. Traders should be on the lookout for the language used by her, regarding the timing of the first rate hike.

Offers are now seen at 122.90/00 and more above at 123.10/20 with stops building up above there whilst initial bids are noted at 122.40/50, suggesting selling for near term weakness is favored but position traders should look to buy on further pullback.

Data to be released on Thursday:

New Zealand manufacturing PMI, Japan corp goods price, machinery orders, U.K. housing survey, Australia employment, unemployment rate, Germany CPI final, HICP final, France CPI, current account, inflation ex-tobacco, EU industrial production, Canada new housing price index and U.S. Federal budget.

 

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

Intra-day Market Moving News and Views
13 Nov 2015 01:50GMT

USD/JPY - ...... Dlr finally pares initial loss after extending yesterday's decline caused by broad-based weakness in the greenback in New York session to 122.55 near Thursday's close and hit a marginal low of 122.50 as the Nikkie lower following o/n weakness in the Dow, however, traders bought the pair when the N225 index staged a recovery.

Looks like a minor low has been made and sideways trading is in store in Asia morning but offers at 123.00/10 area should cap intra-day rebound, suggesting selling the dlr on further recovery is recommended.

Bids are noted at 122.55/50 with stops now touted below there, however, more buying interest is reported near 122.35-30.

Pay attention to key U.S. retail sales later today, market is looking for Oct monthly retail sales to come in at 0.3% vs previous reading of 0.1%. A robust number wud trigger another bout of usd buying whilst a disappointed figure shud meet renewed renewed selling.

Data to be released on Friday:
Japan capacity untilisation index change, industrial output, France GDP preliminary, non-farm payrolls, Germany GDP flash, Swiss producer import price, Italy GDP Prelim, consumer prices, CPI, euro zone trade data, GDP flash, and U.S. retail sales, PPI and business inventories.

 

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

Intra-day Market Moving News and Views
17 Nov 2015 01:16GMT

USD/JPY - ...... Despite the initial gap-down open and retreat to session low at 122.21, the greenback rose to 123.14 at New York open, then higher to 123.28 in late New York afternoon before easing. Dlr found renewed buying at 123.16 and gained to 123.34 ahead of Tokyo open on increased speculation that BoJ would announce new easing measures after data yesterday showed Japan slipped back into recession.

U.S. is set to release a slew of eco. data but traders shud pay particular attention to CPI mm and yy at 13:30GMT. Street forecasts are 0.2% and 0.1% vs previous readings of -0.2% and 0.0% respectively. As long as there is no surprise to the downside, speculation of a December rate hike will remain.

Bids are now seen at 123.00/10 and more below at 122.70/80 with stops building up below there whilst initial offers are noted at 123.60/70, suggesting upside bias remains and one should look to buy on intra-day dips.

Data to be released on Tuesday:

Australia RBA meeting minutes, New Zealand inflation expectation, Italy trade balance, U.K. CPI, PPI, RPI, DCLG house price, Germany ZEW reports, euro zone ZEW economic sentiment, U.S. CPI, Redbook, weekly real earnings, capacity utilization, industrial output and NAHB housing market index, net L-T Flows, net capital flows.

 

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

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

USD/JPY - ....... Despite a brief retreat from Asian high at 123.43 to 123.18 in early European morning, the greenback found renewed buying and rose marginally higher to intra-day high at 123.49 in New York before retreating again to 123.26 in New York afternoon.
However, dlr pared its losses and rebounded to 123.47 ahead of Tokyo open n continues to trade with a firm bias in Tokyo morning.

Although U.S. will release some housing related data today, market focus is on the release of FOMC minutes later today at 18:00GMT. Traders will look for hints in the statement about a possible December rate hike and the factors that would influence the Fed in making such a decision.

Bids are now seen at 123.20/30 and more below at 123.00/10 with stops building up below there whilst initial offers are noted at 123.80/90, suggesting upside bias would be seen and buying on dips is the favored strategy.

Data to be released on Wednesday:
Australia wage price index, CB leading indicator, Westpac leading index, China house prices, Swiss ZEW investor sentiment, Canada housing starts, U.S. building permit, housing start, and FOMC minutes.

 

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

Intra-day Market Moving News and Views
19 Nov 2015 01:16GMT

USD/JPY - ....... The greenback rose from European low at 123.22 to 123.61 in New York morning and briefly spiked down to 123.36 after the release of FOMC minutes.
However, dlr swiftly rose to intra-day high at 123.77 as the minutes showed chances of a rate hike in December are higher than before. Later profit-taking offers pressured the pair lower and price retreated to 123.46 at Tokyo open and remains under pressure.

BoJ will announce its rate decision at around 03:00GMT. Although there is no change expected, traders will await BoJ Governor Kuroda's press conference at 06:30GMT.
Recent data has painted a bleak picture of the Japan economy and pressure has increased on the central bank Chief to introduce new monetary easing measures.

Bids have now been lowered to 123.20/30 and more below at 123.00/10 with stops building up below there whilst initial offers are noted at 123.70/80, suggesting near term mild downside bias would be seen but position traders should look to buy on intra-day dips for a resumption of recent uptrend later.

Data to be released on Thursday:
New Zealand producer prices inputs, PPI output, Japan export import trade balance, BoJ rate decision and press conference, industry activity index, Swiss trade balance, export, import, EU current account, U.K. retail sales, CBI trends, U.S. jobless claims, Philly Fed Business index, leading index and Canada wholesale trade.

 

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

Intra-day Market Moving News and Views
20 Nov 2015 01:27GMT

USD/JPY - .......... The greenback fell sharply to 123.09 in Asian morning yesterday and continued to ratchet lower throughout European session. Price eventually fell to an intra-day low at 122.62 on broad-based profit-taking in the buck. However, dlr pared its losses and staged a rebound to 122.89 in New York afternoon, then higher to 123.05 in Tokyo morning today.

Since there is no eco. data due today, price is likely to trade in sideways manner below Wed's post-FOMC high at 123.77.

Offers are now seen at 123.20/30 n more below at 123.40/50 with stops building up above there whilst initial bids are noted at 122.50.

Data to be released on Friday:

Japan BoJ economic survey, Germany producer prices, U.K. public sector net borrowing, Canada CPI and EU consumer confidence flash.