acetraderfx
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Intra-Day Market Moving News and Views
13 May 2014 01:47GMT
USD/JPY - 102.20
The greenback maintained a firm undertone in Asian morning today due to the rally in Nikkei-225 index (currently rose by 250 points) following the rise in global stock markets on Monday.
U.S. dollar extended gain to 102.24 in part due to active cross selling in jpy (eur/jpy rose to 140.73).
Bids are now located at 102.05-00 n 101.85 whilst offers are tipped at 102.30-40 with some stops seen abv 102.50.
Trading is likely to be thin in Asia as market players are waiting for the release of U.S. retail sales at 12:30GMT.
Besides, Federal Reserve Chair Janet Yellen is due to speak May 15 after tempering speculation last week that an improving economy will spur interest-rate increases.
13 May 2014 01:35GMT
AUD/USD - 0.9353
Australian home loans dropped by 0.9% m/m in March versus economists' forecast of a rise of 1.0% n well below previous reading of a rise of 2.3%. Australian house price index came in at -1.2% q/q n 10.9% y/y against the expectation of 3.0% n 10.4% respectively.
The Australian dollar showed muted reaction after the release of house price data.
Some offers are tipped at 0.9365/70 n more at 0.9385-95 with stops only seen abv 0.9400. On the downside, mixture of bids n stops is located at 0.9340.
Investors are now paying attention to the release of China's retail sales n industrial production data at 05:30GMT.
13 May 2014 01:47GMT
USD/JPY - 102.20
The greenback maintained a firm undertone in Asian morning today due to the rally in Nikkei-225 index (currently rose by 250 points) following the rise in global stock markets on Monday.
U.S. dollar extended gain to 102.24 in part due to active cross selling in jpy (eur/jpy rose to 140.73).
Bids are now located at 102.05-00 n 101.85 whilst offers are tipped at 102.30-40 with some stops seen abv 102.50.
Trading is likely to be thin in Asia as market players are waiting for the release of U.S. retail sales at 12:30GMT.
Besides, Federal Reserve Chair Janet Yellen is due to speak May 15 after tempering speculation last week that an improving economy will spur interest-rate increases.
13 May 2014 01:35GMT
AUD/USD - 0.9353
Australian home loans dropped by 0.9% m/m in March versus economists' forecast of a rise of 1.0% n well below previous reading of a rise of 2.3%. Australian house price index came in at -1.2% q/q n 10.9% y/y against the expectation of 3.0% n 10.4% respectively.
The Australian dollar showed muted reaction after the release of house price data.
Some offers are tipped at 0.9365/70 n more at 0.9385-95 with stops only seen abv 0.9400. On the downside, mixture of bids n stops is located at 0.9340.
Investors are now paying attention to the release of China's retail sales n industrial production data at 05:30GMT.