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

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

Intra-day Market Moving News and Views
23 Dec 2015 00:35GMT

USD/JPY - ...... Dlr remained under pressure in Tuesday's trading in Europe on Tuesday and weakened to session lows of 120.72 after a surprisingly large drop in U.S. existing home sales (Nov's 10.5% fall represents the steep decline in 5 years).
However, gain in the Dow prompted renewed yen-selling, lifting the pair back up to 121.10 right at New York close.

With Japanese financial markets closed today for Emperor's birthday, narrow moves in the dlr majors are expected until European open.
However, pay attention to release of a slew of U.S. data later today, especially November durable goods data at 13:30GMT, street forecast is looking for a 0.6% drop following previous month's reading of 2.9%, a worse-than-expected reading would trigger more dlr selling.

For now, bids are noted at 120.80-70 and more below (possibly from Japanese importers) with stops building below December's low at 120.35. On the upside, initial offers are reported at 121.10/20 and more at 121.30/40 with stops above 121.50.

Data to be released on Wednesday:
New Zealand imports, exports, trade balance, U.K. nationwide house price, GDP, current account, France GDP, consumer spending, Swiss KOF indicator, Italy industrial sales, industrial order, retail sales, U.S. mortgage applications, build permits, consumption, PCE, durable goods, personal income, personal consumption, new home sales, Reuters/ University of Michigan consumer sentiment index, Canada GDP and retail sales.

 

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

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

USD/JPY - ...... Although Japanese financial markets returned from yesterday's holiday, trading today is likely to be lacklustre as many traders have already taken X'mas vacation but intra-day swings may still continue as Tokyo market is open on X'mas day.

Price has eased at Asian open due to renewed dlr's retreat vs its major peer currencies.
However, as yesterday's rebound from New York low at 120.82 suggests sideways move above Tuesday's bottom at 120.72 would continue and with Nikkie is trading high after o/n gain in U.S. stocks, consolidation with upside bias remains.

Bids are reported at 120.80-70 with stops below there, however, more buying interest is touted below there with stops building below last week's 120.35 low.
On the upside, initial offers are tipped at 121.10/20 with stops above 121.30, however, more selling interest is reported at 121.50/60, suggesting broad sideways move are expected to continue.

Pay attention to BoJ Kuroda speech scheduled at 04:00GMT and then U.S. weekly jobless claims later today at 13:30GMT.

Data to be released on Thursday:
Australia leading indicator, Swiss leading indicator, U.K. mortgage approvals and U.S. initial jobless claims

 

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

Intra-day Market Moving News and Views
28 Dec 2015 01:00GMT

USD/JPY - ....... Dlr trades above last Friday's 7-week trough of 120.06 in holiday-thinned Asian morning, with NZ & Australia together with many European centres (including U.K.) are still on holiday, sharp moves are unlikely to be seen and order flows may have strg influence on intra-day price swings.

Although dlr showed muted reaction to the release of downbeat Japanese data earlier, sideways move with mild upside bias is seen for a minor recovery.
However, recent decline is expected to resume later today. For now, some offers are noted at 120.40/50 with stops above 120.75, initial bids are touted at 120.10-00 with stop below 119.90.

Reuters just reported Japan's industrial output fell 1.0 percent in November from the previous month, government data showed on Monday, suggesting that sluggish emerging market demand continues to cloud the outlook for the economy.
The fall compared with a median market forecast of a 0.6 percent drop, data from the Ministry of Economy, Trade and Industry showed.

The retail sales also fell 1.0 percent in November from a year earlier, more than a median market forecast for a 0.6 percent decline, government data showed on Monday.
Manufacturers surveyed by the ministry had expected output to rise 0.9 percent in December and increase 6.0 percent in January.

 

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

Intra-day Market Moving News and Views
29 Dec 2015 02:48GMT

USD/JPY - ...... Dlr trades narrowly but with a soft bias in subdued Tokyo session after yesterday's retreat from European morning high of 120.63 to 120.20 in New York morning due to dlr's broad-based weakness and cross-buying in yen as decline in European & U.S. stocks triggered buying of yen for risk aversion.

Looks like sideways move would continue b4 prospect of a re-test of last Fri's 7-week low at 120.05 would be seen, so selling the pair on recovery is favoured.

Reuters earlier reported mildly 'hawkish' comments by BoJ member. Bank of Japan board member Yukitoshi Funo said the central bank will look at the long-term economic trend in guiding monetary policy and won't expand stimulus automatically in response to short-term dips in prices, according to the Nikkei newspaper.

Funo, a former executive of Toyota Motor Corp who joined the nine-member board in July, also said Japan is on track to meet the central bank's 2 percent inflation target as companies are steadily raising prices of their goods, and that BOJ should look at various information, not just a specific economic or price indicator, in judging whether additional monetary easing was necessary.

Data to be released on Tuesday:

Australia producer price index, Italy business confidence, consumer confidence, U.S. good trade balance, Redbook, CaseShiller and consumer confidence.

 

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AceTraderFx Dec 30: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
30 Dec 2015 01:05GMT

USD/JPY - ...... Although dlr maintains a firm undertone in subdued Tokyo trading, the intra-day sideways move in New York session yesterday despite dlr's rally vs European currencies suggests market is not interested in buying the pair due to yen's strength vs EUR and GBP.

As financial markets in Japan will be closed for Bank holiday tomorrow, trading is likely to be lethargic in Asia n European morning n with U.S. pending home sales being the only data that may capture traders' notice later today, further sideways move is expected to continue.

Offers are reported at 120.55/65 with some stops above there, however, more selling interest is touted at 120.90/00.
Initial bids are noted at 120.30-20 and more below with stops below 120.00, however, as reported earlier, there is market chatter of scaled-down buying interest by Japanese importer fm 120.00-119.50 area, so downside on dlr should be pretty much ltd. Therefore, if you are an avid dlr/yen trader, you'd better start singing 'auld lang syne' today.

Data to be released on Wednesday:

U.K. nationwide house price, Swiss UBS consumption indicator, Italy producer prices, U.S. MBA mortgage applications, pending home index and pending home sales change.

 

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

Intra-day Market Moving News and Views
31 Dec 2015 01:12GMT

USD/JPY - ...... The pair is moving in familiar range in subdued Asian trading as closure of Japanese financial market for Bank holiday today ensure the pair would continue to move sideways.

Despite yesterday's cross-inspired marginal break of previous 120.63 res to 120.65 in New York afternoon session, lack of follow-through buying quickly sent price lower and dlr ratcheted lower in Australian morning to 120.42.
Offers are noted at 120.60/70 with some stops touted above there, some bids are reported at 120.35 and more below with stops below 120.00
However, as mentioned in previous update, there is market chatter of scaled down buying interest from Japanese importer from 120.00-119.50. So if you must trade, then buy on dips towards 120.35 or sell on further rise to 120.65/70.

Data to be released on Thursday:

U.S. initial jobless claims, MBA mortgage approvals and Chicago PMI.

 

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

Intra-day Market Moving News and Views
04 Jan 2016 02:00GMT

Today is PMI day for global markets. Reuters reported Japanese manufacturing activity expanded in December at the same pace as the previous month as new orders grew at a faster rate in a sign the economy maintained momentum at the end of 2015, a revised survey showed on Monday.

The Markit/Nikkei Final Japan Manufacturing Purchasing Managers' Index (PMI) was a seasonally adjusted 52.6 in December versus a flash reading of 52.5 and unchanged from a final 52.6 in November - the highest reading since March 2014.

The index remained above the 50 threshold that separates expansion from contraction for the eighth consecutive month. The final index for new orders was 54.2, up from a preliminary 54.1 and a final 53.6 in the previous month.

For new export orders, the final number fell to 52.2 from a flash reading of 52.4 and from a final 53.2 in November, the survey also showed.

Japan's economy dodged recession in the third quarter with the initial estimate of a contraction revised to an annualised expansion of 1.0 percent due to gains in capital expenditure, data showed last month.

An unexpected rise in machinery orders also suggests that business investment could help underpin growth due to improving corporate activity and domestic demand.

Reuters reported Prime Minister Shinzo Abe said today that Japan was no longer in deflation, while pledging that the government and the central bank would work together to completely defeat it.
When later asked whether such statement may be taken as hasty judgment on deflation, Abe said Japan has still not completely conquered deflation.

 

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

Intra-day Market Moving News and Views
05 Jan 2016 02:30GMT

USD/JPY - ..... Dlr regains composure in Asian morning as intra-day move back into positive territory in Chinese stocks has led to broad-based recovery in Asian stocks, Dollar rebounded from 119.10 to 119.63 as modest gain in the Nikkei has boosted risk sentiment, leading to yen selling vs its peer currencies.

Looks like the pair would gain respite after yesterday's selloff from 120.47 to an 11-week low of 118.70 (Europe). Having said that, dlr's daily close below the 'psychological' 120.00 level bodes ill for the pair and price should head lower towards daily obj. 118.06 later this once current consolidation is over.
Offers are noted at 120.65/75 n more above with stops reported above 120.00, initial bids are touted at 119.20-10 with stops below 119.00, more stops are reported below 118.60.

BoJ Governor Kuroda is scheduled to deliver a speech at 07:10GMT.

Data to be released on Tuesday:

Germany unemployment rate, unemployment change, U.K. construction PMI, Italy CPI, Eurozone inflation, Canada producer prices, U.S. Redbook and New York Index

 

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

Intra-day Market Moving News and Views
07 Jan 2016 04:22 GMT

USD/JPY - ...... Dlr swung wildly in very hectic Asian trading caused by another day of stock market turmoil. Although the pair edged higher to session highs of 118.76 shortly after Asian open, renewed selloff in the dlr/yuan plus sharp decline in Chinese shares spooked investors, leading to broad-based buying of yen on risk aversion, dlr tumbled below daily sup at 118.06 n hit a 4-month trough of 117.66/67 before stabilising.
Despite intra-day 7% limit down halt trading in the CSI300, rebound in the yuan prompted unwinding of long yen positions, dlr bounced back up to 118.24 near Asian midday.

Looks like the low print at 117.67 will probably be here to stay for the remainder of the day, however, unless we see a rebound in Asian shares n later European stocks, strong recovery in the dlr is unlikely.
For now, range trading is expected with some bids noted at 118.10-00 and more below with more stops touted below 117.60.
Offers are tipped at 118.25/35 with stops above there, however, more selling interest is reported earlier at 118.70/80.

Data to be released on Thursday:

Japan foreign bond investment, foreign invest in Japan stock, Australia building permits, imports, exports, trade balance, Swiss unemployment rate, Germany factory orders, retail sales, Italy unemployment rate, Eurozone economic sentiment, unemployment rate, consumer confidence, service sentiment, retail sales, inflation expectation, selling price expectation, U.S. initial jobless claims, Canada Ivey PMI.

 

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AceTraderFx Jan 8: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
08 Jan 2016 06:16GMT

USD/JPY - ...... Dlr trades relatively narrowly in post-Tokyo lunch session after intra-day rally from 117.49 to as high as 118.60 due to broad-based active cross-selling in yen after China CB fixed the mid-point rate of the yuan higher, this was the 1st time in 9 days. Intra-day relief rally in Chinese stocks (Shanghai composite is currently up 3.3%) after Chinese authority lifted the so-called circuit breaker mechanism to halt trading.

Looks like range trading within 118.00/60 range would continue as Asian traders are exhausted after 2 days of wild swings in early Asian trading.
However, European traders may well observe indicated range as next market focus is the release of key U.S. payrolls report. Street forecast for December jobs growth to be 200k n if the actual no. meets of beats estimate, then dlr will have more room to rally further to recoup this week's losing streak, on the other hand, if the data surprise to the downside, then another wave of broad-based dlr bashing would occur.

In the meantime, offers are tipped at 118.60/70 and more above with stops reported above 119.00.
Initial bids re touted at 118.00-117.90 and more below, suggesting consolidation with a firm bias is envisaged.

Data to be released on Friday:

Australia retail sales, Japan leading indicator, coincident indicator, Swiss unemployment rate, CPI, Germany imports, exports, trade balance, current account, industrial production, retail sales, France imports, exports, trade balance, Italy public deficit/GDP, U.K. goods trade balance, U.S. business optimism index, non-farm payrolls, unemployment rate, manufacturing payrolls, private payrolls, average earnings, wholesale inventories, wholesale sales, Canada unemployment rate, employment change, participation rate, full time employment change and building permits.