acetraderfx
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AceTraderFx Aug 6: Intra-Day Market Moving News & Views & data to be released today
Intra-Day Market Moving New and Views USD/JPY
06 Aug 2014 02:39GMT
USD/JPY - .... The greenback went through a roller-coaster session on Tue. Although price found renewed buying at 102.46 in Asia n climbed steadily in Europe due to recovery in the Nikkie future, price then hit session high of 102.93 after the release of a slew of upbeat U.S. data (ISM non-manufacturing PMI n factory orders), active cross-buying in yen due to risk aversion due to sell off in U.S. equities on renewed geopolitical tension in the Ukraine pressured price sharply lower to 102.48ahead of NY close b4 staging a minor recovery to 102.64 in Australia.
Today, range trading is envisaged n intra-day broad-based strength in the greenback suggests mild upside bias remains. However, do pay attention to the U.S. trade balance at 12:30GMT as market forecast for the deficit figure to widen to $44.7 bln vs prev. reading of $44.4 bln. A narrowing of the deficit may give dlr a lift. Bids are noted at 102.40-35 with stops below 102.30, however, more buying interest is reported at 102.10-00. On the upside, offers are placed at 102.70/75 n then 102.90-00 with stops touted above 103.00.
Wednesday will see the release of New Zealand HLFS unemployment rate, UK BRC shop price index, Japan’s leading indicator, German industrial orders, Swiss CPI, U.K. industrial and manufacturing output, Canada’s import, export and trade balance.
Intra-Day Market Moving New and Views USD/JPY
06 Aug 2014 02:39GMT
USD/JPY - .... The greenback went through a roller-coaster session on Tue. Although price found renewed buying at 102.46 in Asia n climbed steadily in Europe due to recovery in the Nikkie future, price then hit session high of 102.93 after the release of a slew of upbeat U.S. data (ISM non-manufacturing PMI n factory orders), active cross-buying in yen due to risk aversion due to sell off in U.S. equities on renewed geopolitical tension in the Ukraine pressured price sharply lower to 102.48ahead of NY close b4 staging a minor recovery to 102.64 in Australia.
Today, range trading is envisaged n intra-day broad-based strength in the greenback suggests mild upside bias remains. However, do pay attention to the U.S. trade balance at 12:30GMT as market forecast for the deficit figure to widen to $44.7 bln vs prev. reading of $44.4 bln. A narrowing of the deficit may give dlr a lift. Bids are noted at 102.40-35 with stops below 102.30, however, more buying interest is reported at 102.10-00. On the upside, offers are placed at 102.70/75 n then 102.90-00 with stops touted above 103.00.
Wednesday will see the release of New Zealand HLFS unemployment rate, UK BRC shop price index, Japan’s leading indicator, German industrial orders, Swiss CPI, U.K. industrial and manufacturing output, Canada’s import, export and trade balance.