AceTraderFx May 13: Intra-Day Market Moving News and Views USD/JPY AUS/USD

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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.

 

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AceTraderFx May 14: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views

14 May 2014 01:46GMT

USD/JPY - 102.19
Although the greenback extended gain to 102.36 in Europe yesterday on renewed risk aversion due to the rally in Nikkei-225 index, U.S. dollar subsequently retreated to 102.06 in NY after the release of much weaker-than-expected U.S. retail sales data b4 recovering briefly to 102.33 in NY afternoon. Trading is relatively thin in Asia as Japanese equities moved narrowly inside 14350-14420 range. Some offers are tipped at 102.25-30 with stops seen abv 102.36 n 102.40/45. On the downside, mixture of bids n stops is located at 102.00.

On the data front, Japan's domestic CGPI rose by 2.8% m/m n 4.1% y/y in April versus economists' forecast of 2.8% m/m n 4.0% y/y and well abv previous readings of 0.0% n 1.7% in March, however, the rises are being attributed to the sales tax hike back on April 1. U.S. dollar showed muted reaction after the release of the data.

A piece of news fm Bloomberg worth mentioning, there's about a 50-50 percent chance the BOJ will achieve its 2 percent goal for consumer-price increases, which could push the 10-year yield above 3 percent, said Kazuo Ueda, who served as a BOJ policy maker from 1998 to 2005, and was also senior adviser to the Government Pension Investment Fund.

 

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AceTraderFX May 20: Intra-Day Market Moving News & Views & data to be released today

Intra-Day Market Moving News and Views USD/JPY AUS/USD

20 May 2014 02:07GMT

USD/JPY - 101.57 ... The greenback fell to a fresh 3-month low at 101.10 against the Japanese yen yesterday on renewed risk aversion due to the sell off in Nikkei-225 index, however, short-covering together with the rise in Japanese equities today following the rebound in global stock markets lifted the pair n price rebound to 101.60 in Asia. Bids are now located at 101.45/40 n more at 101.30-25 with mixture of bids n stops seen at 101.00 level.

The Federal Reserve will release minutes of its April 29-30 meeting on May 21. Fed Chair Janet Yellen is scheduled to give the New York University Commencement speech on the same day.


20 May 2014 01:33GMT

AUS/USD - 0.9311
RBA releases its minutes and said low rates appropriate for some time, rest of minutes as follow :

board considered current low rates to be appropriate for some time yet;
expansionary policy setting having expected effects on economy;
demand for labour remained subdued, likely to stay so for some time;
inflation consistent with target, forecast to remain so for next few years;
board noted overall growth in coming quarters likely to be below trend;
saw growth in domestic costs contained due in part to spare capacity in labour market;
forward-looking indicators improving but point to moderate jobs growth in months ahead;
recent data pointed to strong growth in dwelling investment in first half of 2014;
volume of iron ore and coal exports had risen strongly in recent months;
retail sales growth appeared to have moderated somewhat more recently;
pointed to some signs that recent slowing in china could be temporary;

Data to be release on Tuesday:

Australia Conference board leading index, RBA meeting minutes, Japan all industry activity index, leading index CI, machinery tool orders, Italy industrial orders, current account, Germany PPI, U.K. CPI, RPI, PPI input and PPI output, ONS house price, Canada wholesale trade sales.

 

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AceTraderFX May 21: Intra-Day Market Moving News & Views & data to be released today

Intra-Day Market Moving News and Views

21 May 2014 02:42GMT

USD/JPY - 101.25.. Breaking news on Reuters, BoJ has kept its rate unchanged as widely expected.

Following are the accompanied statements :

BoJ keeps views on exports unchanged, saying they have recently leveled off more or less;
CAPEX increasingly moderately;
BoJ revises up assessment on capital expenditure;
Economy continues to recover moderately as a trend, keeps assessment unchanged.

01:54GMT
USD/JPY - 101.25 .. The greenback met renewed selling at 101.60 (Asia) on Tuesday n ratcheted lower to 101.19 in NY b4 trading sideways.

Offers are now tipped at 101.45-60 with stops seen above 101.70.
On the downside, some bids are located above 101.10 with mixture of bids and stops seen at 101.00 level.

New York Federal Reserve President William Dudley said on Monday that 'the economy was poised for stronger growth and inflation should "drift upwards" towards the Fed's 2 percent goal but a swift climb in inflation was unlikely.'

Today's focus is on Bank of Japan rate decision at around 03:00-03:30GMT. The Bank of Japan is widely expected to keep monetary policy steady, however, economists are expecting BOJ may raise its assessment on capital expenditure, reassured by growing evidence the economy can withstand the pain from a sales tax hike without additional monetary stimulus.

Governor Haruhiko Kuroda will deliver speech after the rate decision.
Market players expected Kuroda will reiterate his optimism that Japan is on course to meet the bank's 2% inflation target and may dampen already diminishing market expectations of near-term monetary easing.
BoJ will release its monetary policy statement at 06:30GMT.

Data to be released on Wednesday:

Australia Wedspac consumer confidence, Japan trade data, BoJ rate decision, BoJ monetary policy statement; euro zone current account, consumer confidence, BoE minutes, BoE MPC vote outcome, U.K. retail sales, FOMC minutes for April 29-30 meeting.

 

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AceTraderFX May 22: Intra-Day Market Moving News & Views & data to be released today

Intra-Day Market Moving News and Views

22 May 2014 02:16GMT

USD/JPY - 101.46
Despite yesterday's resumption of decline from April's high at 104.13 to a fresh 3-1/2 month low at 100.81 in European morning due to active cross buying in Japanese yen, subsequent rebound on active short-covering after holding above this year's low at 100.76 (February) suggests choppy trading would continue. U.S. dollar later rebounded to 101.63 in New York after the release of FOMC minutes b4 trading sideways. Bids are now reported at 101.40-30 n more at 101.20-10 with stops only seen below 101.00. On the upside, mixture of offers n stops is tipped at 101.70 n more offers are noted at 101.90-00.

U.S. dollar showed muted reaction after early release of Markit Japan manufacturing PMI data which rose to 49.9 in May versus the previous reading of 49.4.

22 May 2014 01:50GMT

AUD/USD - 0.9248
The Australian dollar jumped to 0.9265 (Reuters) after the release of much stronger-than-expected China's HSBC manufacturing PMI data.


Data to be released on Thursday:

New Zealand ANZ consumer confidence, Japan Markit/JMMA manufacturing PMI, China HSBA China manufacturing PMI, France business confidence, Markit France manufacturing PMI, Markit France Service PMI, Germany Markit/BME Germany manufacturing PMI, Markit Germany service PMI, euro zone Markit euro zone manufacturing PMI, Markit euro zone service PMI, U.K. GDP, PSNCR, private consumption, public sector net borrowing, exports and imports, CBI trends total orders, Canada retail sales, U.S. initial jobless claims, Markit U.S. manufacturing PMI, existing homes sales, leading index.

 

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AceTraderFX May 27: Intra-Day Market Moving News and Views USD/JPY NZD/USD

Intra-Day Market Moving News and Views

27 May 2014 01:56GMT

USD/JPY- 101.93

Despite yesterday's initial gain to 102.05 on improved risk appetite due to the rise in Nikkei-225 index, the greenback retreated to 101.84 in thin trading conditions as U.K. n U.S. were closed on Monday.
Bids are now located at 101.80-75 and more at 101.65-60 with stops only seen below 101.60.
On the upside, offers are now tipped at 102.05-15 and more at 102.30-35.

A piece of yesterday's news worth mentioning again, Bank of Japan Deputy Governor Kikuo Iwata said in a speech in Tokyo on Monday that an economy "with low real growth rates under mild inflation" is possible.

U.S. will release its durable goods orders, house price purchase index, Markit US services PMI n consumer confidence data at 12:30GMT, 13:00GMT, 13:45GMT n 14:00GMT respectively.

27 May 2014 00:06GMT

NZD/USD - 0.8564

New Zealand Institute of Economic Research (NZIER) says slumping house sales 'significant risk' to outlook; sees economy expanding 3.5% in 2014; says RBNZ may pause rate hikes after June if growth slows.


Data to be released on Tuesday:

Japan business confidence, Swiss GDP, trade balance, Germany retail sales, France consumer confidence, Italy consumer confidence, UK BBA loans, U.S. durable goods, house prices, services PMI and consumer confidence.