acetraderfx
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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.
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.