AceTraderFx Apr 15: Intra-Day Market Moving News and Views

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Intra-Day Market Moving News and Views
15 Apr 2014 01:30GMT

AUD/USD - 0.9400... Austrlia Central bank minutes states 'cash rate to remain steady for some time given economic outlook; A$ still high by historial standard, less supoortive of economy given latest rise; board saw further promising signs low rates working may through economy; strong pick up in home building ahead, no metion of any concerns at rising home prices; evidence consumer demand had strengthened, liaison suggestsed some easing in retail sales; exports growings strongly, board noted pick up i non-residential buidling approvals; falling mining investment, weak public demand to constrain growth for some time;

Japan EconMin Amari says 'Japan stocks falling on influence fo Ukarine situation, U.S. markets; regarding further BoJ easing, market is moving simply on its own expectations and disappointment; expects market will respond appropriately as gov't flshes out growth stratgegy.'
Japan FinMin Aso says 'Japan's position at G20 was the wage gains and improving sentiment show economy is in good shape.'

NZ FinMin Bill English says 'Treasury sees growth of 2% to 4% a year out to 2018.'

14 Apr 2014 23:30GMT
White House says 'Obama expressed "grave concern" in call to Putin over Russian government support for Pro-Russian separatists in Ukraine; Obama urged Putin to use his influence with armed, Pro-Russian groups to convince them to depart building in Ukraine they have seized; in call Obama told Putin Russia must withdraw troops from Ukraine's border to reduce tensions, noted Ukraine government had acted with "remarkable restraint; told Putin costs to Russia would increase if its actions in Ukraine persist.'

Obama administration offical says 'Obama's call with Putin came at Russians' request, was "frank and direct"; made clear to Putin that diplomatic path in Ukraine crisis was preferred path, but "Russia's actions' are neither consistent with or conducive to that.'

 

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AceTraderFx April 16: Intra-Day Market Moving News and Views

Intra-Day Market Moving News and Views

16 Apr 2014 01:28GMT
USD/JPY - 102.04 Japan FinMin Aso says 'can't Ok crop. tax cut without alternative revenue.'
Japan FinMin Aso says 'pull back from sales tax hike not as big as expected; downturn in consumption from pent-up demand ahead of sales tax hike smaller than expected from now.'

Fed's Kocherlakota says 'wage growth has been slow because of low demand; makes goods, services seem more expensive; calls to "audit the Fed" are really calls for politicians to have more say on monetary policy; I am an active "learner" on Bitcoin, very interesting to monitor and keep track of; interested in Bitcoin as a payment system, not as a currency that competes with dollar; it is not clear whether raising the minimum wage adds to, or reduces, unemployment.'
Fed's Kocherlakota says 'we need to do a better job of letting people know "the Fed has economy's back; we can afford to stay accommodative as the recovery proceeds; I expect interest rates to rise gradually as recovery continue; If we see inflation rise rapidly, will raises rates rapidly in response; I am fully committed to doing whatever it takes to keep inflation, because of tools at Feds' disposal; a lot of unemployment is cyclical, and can be affected by monetary policy.'

00:31GMT
AUD/USD - 0.9337 - Australia Mar Westpac leading index rose to 0.0% from -0.1% in Feb.

BoJ's Kuroday says 'expects wider range of prices in Japan to rise ahead.'
'BoJ's QE steadily showing effect on Japan economy; Japan making steady progress toward BoJ's 2% price target; Japan's economy to weaken Q2 on effect of sales tax hike but resume growth above a potential from around summer; Tankan showed board range of Japan firms seen cautious of economic outlook but think firms' positive stance on business maintained.'

 

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AceTraderFx Apr 16: Intra-Day Market Moving News and Views GPB/USD

Intra-Day Market Moving News and Views GPB/USD

16 Apr 2014 02:21GMT

GBP/USD - 1.6721.. We mentioned in y'day's update short-term specs sold the pound in Asia in anticipation of a soft U.K. inflation number, European traders did the same when they entered the market n when CPI came out at a 4-year low of 1.6% as per market consensus, cable staged a ferocious rebound fm 1.6657 (Reuters) to as high as 1.6731 on broad-based short-covering/profit-taking (depending where you had ended there trade !), pric later ratcheted higher to session high of 1.6749 b4 retreating.

The intra-day sideways move despite y'day's strg rebound suggests Asian players are respecting the Tue's high print as offers were reported at 1.6745/55 with stops abv there, however, more selling interest is noted at 1.6780/90. On the downside, some bids are reported at 1.6710-00 n more below, so range trading is expected ahead of another batch of U.K. jobs data.

Pay attention to U.K. jobless claims, employment change & the unemployment rate at 08:30GMT, the employment change data is probably the more important figure to watch, street forecast is looking for an increase of 90k vs previous reading of 105k, if the increase falls short of expectation, then expect (pun intended) another round of sterling bashing to come in.

 

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AceTraderFx April 17: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views USD/JPY

17 Apr 2014 01:42GMT
USD/JPY - 102.04... Japan FinMin Aso says 'important Japan show resolve to restore gov't finance.'
BoJ's Kuroda says 'Japan's economy continues to recovery moderately; Japan's economy likely to continue recovering as a trend; Japan making steady progress in meeting BoJ's price target; BoJ will maintain its QE programme until needed to sustainably meet it price target; BoJ will adjust policy when needed, looking at upside, downside risks to economy, prices; Japan's financial system maintaining stability as a whole.'
Japan Pm Abe says 'we must make a success of Abenomics.'

China's Premier Li says 'China to keep, monetary policy stance unchanged; to make efforts to ensure meeting 2014 goals; China economic operation within reasonable range; growth around 7.5% within reasonable range; growth can be little higher or lower than 7.5% China not considering expanding deficit; China not considering strong stimulus now; reiterates development key to resolve all problems.'

 

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AceTraderFx Apr 18: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views USD/JPY

18 Apr 2014 01:29GMT

USD/JPY - 102.50.. Japan's FinMin Taro Aso who said Japanese govt's June growth strategy will include GPIF (Government Pension Investment Fund, the pension fund for Japanese public sector employees).

In Thur's NY session, Japan's 5th largest life insurer, Mitsui Life Insurance, plans to increase its yen bond holdings by about 100 bln yen ($97 mil) in the financial year to March, its investment planning manager said on Thur.
Yoichiro Matsuta, the head of investment planning depart., told a news conference that the company also plans to raise its foreign bond holdings by about 50 bln yen, including those with n without currency-hedging.

18 Apr 2014 01:18GMT
USD/JPY - 102.53.. Usd regained traction in Thur's NY session as release of upbeat U.S. data lent support to the greenback. Later, breaking news of a joint statement following 4-way talks in Geneva on the crisis in Ukraine ended with an accord which was aimed at taking the first steps of reducing recent tensions in the conflict (see our update at 16:42GMT) boosted risk sentiment, dlr rallied broadly, the pair climbed abv Wed's 102.37 high to 102.47. Another wave of st speculative buying in the dlr emerged at Tokyo open as the Nikkei continues its near term upmove, dlr hit an intra-day high of 102.57.

Despite intra-day resumption of this week's erratic upmove, beware of a swift pullback in this holiday-thinned Tokyo session as literally all key centres are closed for the Easter Friday holiday, so intra-day volatility may increase when Tokyo market ends.

 

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AceTraderFx April 21: Intra-Day Market Moving News and Views EUR/USD

Intra-Day Market Moving News and Views EUR/USD

21 Apr 2014

More on the renewed tensions in the Ukraine, although U.S. President Obama has been the most vocal person in calling for more sanctions on Russia if the crisis in Ukraine flares up, some in the 4-side accord are placing foucs on de-escalation with Russia. Reuters news reported on Sun German Foreign Minister Frank-Walter Steinmeier said he wished as much emphasis would be placed on preventing an escalation of tensions with Russia over Ukraine as there is at the moment in threatening economic sanctions.

In an interview to appear in Germany's Bild am Sonntag newspaper on Sun, Steinmeier appeared to be referring to threats from the United States as well as fm within Germany about the need for economic sanctions against Russia.

Steinmeier said "I sometimes wish that the same engagement being used for the debate about sanctions would also exist when it comes to avoiding a further escalation." He then added "We've already exhaustively discussed the sanctions issue."

 

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AceTraderFx April 22: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views USD/JPY

22 Apr 2014 02:37GMT

USD/JPY - 102.65.. Dlr pares initial gain after rising for 7-consecutive days to a near 2-week high of 102.73 at Tokyo open as release of upbeat U.S. data on Mon n a higher open in the Nikkei 225 boosted risk appetite, st specs sold yen broadly, however, offers at 102.70/80 fm Japanese exporters checked intra-day gain.

Expect minor range trading to take place b4 recent erratic upmove fm Apr's low at 101.32 resumes. Initial bids are noted at 102.55-50 n more below with a mixture of more buying interest n stops near 102.35-30, suggesting buying dlr on dips is the way to go.

Japan's Economy Minister Akira Amari says "still fees considerable gap in TPP (Trans-Pacific Partnership) talks with U.S.".
Japan FinMin Taro Aso says 'expect strengthening of Japan-US alliance through this week's summit.'

 

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AceTraderFx Apr 23: Intra-Day Market Moving News and Views USD/JPY

23 Apr 2014 02:00GMT

USD/JPY - 102.59 ... U.S. dollar ratcheted higher from yesterday's low at 102.41 to 102.69 in Tokyo morning due to the rise in Nikkei-225 index which rose by more than 100 points, however, selling interest emerged below yesterday's high at 102.73 n price retreated to 102.57 after the release of less-than-expected Australian CPI data. Offers are tipped at 102.70 whilst bids are located at 102.45/50 with stops building up above 102.75 n below 102.40.

Japan FinMin Aso says 'need more time before Abeconomic reaches entire economy.'

BoJ's Nakaso says 'if change to BoJ's outlook, will make needed adjustment; thinks Japan economy resilient enough to ABSorb tax hike.'

Japan FinMin Taro Aso says 'Must ensure to keep Japan economy strong this year so government can proceed with next sales tax hike to 10%.'

BoJ's Kuroda sayswon't aim to lower fiscal burden after BoJ hits target; sustainable government finances need for sustainable growth; strongly hope government steadily tackles fiscal reform.'
Japan FinMin Taro Aso says 'Japan's regional economies are recovering.'

23 Apr 2014 01:31GMT

AUD/USD - 0.9328... Australia 1Q CPI came in at 0.6% Q/Q n 2.9% Y/Y, lower than the forecast of 0.8% n 3.2% respectively.
Aud sharply retreats from 0.9377 to 0.9325 after the release of CPI data.

23 Apr 2014 01:45GMT
China HSBC manufacturing PMI came in at 48.3, same as expectation.

 

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AceTraderFx Apr 28 : Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views USD/JPY

28 Apr 2014 01:52GMT

USD/JPY - 102.10.. source from JiJi news - Japan's FinMin Taro Aso says on Mon yen has weakened due to monetary, fiscal stimulus, will continue with this direction. He says he would stick to this policy stance.

Several minutes earlier, Bloomberg reported comments from Aso who said likely can't avoid corporate tax cut to keep competitiveness; need a broad discussion of corporate tax including the tax base; wants the tax panel to carefully consider corporate tax.

Japan's Nikkei stock average opened down 0.9% due to increased tensions in Ukraine as the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, the President of the European Council and the President of the European Commission (G7) joined in over the weekend expressing the deep concern at the continued efforts by separatists backed by Russia to destabilize eastern Ukraine and our commitment to taking further steps to ensure a peaceful and stable environment for the May 25 presidential election.

On the data front, Japan's retail sales rose by 6.3% n 16.1% in March, their fastest pace in 17 years ahead of a sales tax hike, versus economists' forecast of 6.0% n 13.8% respectively. However, the Japanese yen showed little reaction to the data as investors are awaiting the release of new economic projections by the Bank of Japan, following its meeting on Wednesday.

Market players expected the BOJ is likely keep its inflation forecast for fiscal 2015 roughly unchanged from the current 1.9% and is also set to estimate fiscal 2016 inflation close to 2%.

Some offers are tipped at 102.30-40 n more at 102.60/65 whilst mixture of bids and stops is located at 101.90 n 101.85 with bids are reported at 101.55/60.

 

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AceTraderFx Apr 29: Intra-Day Market Moving News and Views EUR/USD USD/JPY

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

29 Apr 2014 01:47GMT

EUR/USD - 1.3860 ... The single currency rebounded strongly from 1.3815 to 1.3880 in Europe yesterday on speculation that Germany's inflation may outpace the economists' expectation of no change. However, dollar's broad-based strength on the release of upbeat U.S. pending home sales knocked price lower to 1.3840 in NY before recovering to 1.3864/65 in Asian morning. Offers are now tipped at 1.3875 n more at 1.3900/10. On the downside, bids are located at 1.3825, 1.3820-10 n 1.3800.
Germany will release its March's CPI at 12:00GMT. Investors are also focusing on the release of eurozone economic and consumer confidence in April at 09:00GMT.

29 Apr 2014 01:13GMT

USD/JPY - 102.50.. Source from Yonhap news agency - North Korea sets areas near disputed sea border with S. Korea for firing drills.
Dlr has shown muted reaction to the news n Japanese markets are closed for Showa Day holiday, therefore, movement in dlr yen is likely to be narrow until European open. Today's holiday is the first national holiday making up the so-called 'Golden Week'. The other holidays fall on May 3-5.