AceTraderFx Apr 24: Intra-Day Market Moving News and Views USD/JPY, NZD/USD

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AceTraderFx Jan 11: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
11 Jan 2016 01:18GMT

USD/JPY - ...... Dlr is nursing loss in Asian morning (Japanese financial markers are closed for 'Coming of Age' holiday) after initial selloff below Friday's 117.23 low to a fresh 4-month trough of 116.69 in Australia. Traders cited renewed selloff in the S. African rand triggered renewed wave of unwinding of carry trades, triggering stop-loss selling in usd/yen.

Food for thought, Fri's CFTC report revealed Japanese net positioning turned net long for the 1st time last week since Oct 2012, this explains the previous mentality of selling yen for USD in anticipation of future U.S. rate hikes has proved to be wrong.

Expect minor calm b4 the storm as market participants await the official fixing of the yuan's mid-point rate at 01:15GMT as well as performance of Chinese stocks, so pay attention of the intra-day price swings in the CSI300 for clue.

Offers are noted at 117.35/45 and more above with stops above 117.60/70.
Some bids are noted at 117.00-116.90 and more below with stops touted below 116.60.

Data to be released:

New Zealand building permits, Swiss retail sales, Eurozone sentix investor confidence, Canada housing starts and U.S. employment trend on Monday.
Japan current account, trade balance, consumer confidence index, economy watchers poll, U.K. industrial production, ,manufacturing output, NIESR GDP estimate, U.S. business optimism index, Redbook and Canada manufacturing sales on Tuesday.
China exports, imports, trade balance, France CPI, inflation ex-tobacco, Eurozone industrial production, U.S. mortgage applications and budget on Wednesday.
Japan domestic corporate goods price index, machinery orders, machine tool orders, Australia unemployment rate, employment, Germany real GDP growth, Italy industrial output, U.K. bank rate, QE total, MPC vote, U.S. initial jobless claims, export prices, import prices and Canada new housing price index on Thursday.
Japan foreign bond investment, foreign investment in Japan stock, Australia home loans, France budget, Italy consumer price index, Eurozone trade balance, U.S. retail sales, producer price index, Empire State manufacturing index, industrial output, capacity utilization, Reuters/Michigan consumer sentiment index and business inventories on Friday.

 

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AceTraderFx Jan 12: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
12 Jan 2016 02:24GMT

USD/JPY - ...... Dlr rebounded after retreating from 118.03 to 117.19 in New York session on Monday and then climbed back to 118.03 again in Asia today due partly to comments from Dallas Fed President Robert Kaplan (see our prev. MMN) before retreating.

Focus of market participants for the greenback is on the speeches from Fed's Stanley Fischer, BoJ's Governor Kuroda and Fed's Lacker at 10:00GMT, 10:30GMT and 20:15GMT respectively, therefore, dlr/jpy pair is expected to continue to move sideways in Asia.

At present, bids are reported at 117.60-50 and then 117.40-30 with stops just below 117.20.
On the upside, offers are noted at 118.10-20 and around 118.30 with stops above 118.50.

Data to be released on Tuesday:
Japan current account, trade balance, consumer confidence index, economy watchers poll, U.K. industrial production, ,manufacturing output, NIESR GDP estimate, U.S. business optimism index, Redbook and Canada manufacturing sales.

 

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AceTraderFx Jan 13: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
13 Jan 2016 02:00GMT

USD/JPY -....... Dlr moved in a volatile fashion in directionless Tuesday's session. Although price re-tested Monday's 118.03 in Asia, selloff in the Nikkei sent price lower to 117.23 before rising to 118.08 in New York morning but later fell to 117.38.
Having said that, recovery in the Dow pushed price higher in late New York and price climbed back to above 118.00 level in Tokyo morning on Wednesday.

Today's focus in Asia will be on the release of China's trade data at 02:00GMT. Market expects the trade surplus in December to narrow slightly to 53.0B compare to 54.1B in preceding month.
Later in New York session, investors soulud pay attention to the speeches from Fed's Rosengren n Fed's Evans, then the release of Fed's Beige Book.

At the moment, bids are reported at 117.90-80 and more at 117.60-50 with stops below there, whilst offers are noted at 118.20-30 and then 118.40-50 with stops above there.

Data to be released on Wednesday:
China exports, imports, trade balance, France CPI, inflation ex-tobacco, Eurozone industrial production, U.S. mortgage applications and budget.

 

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AceTraderFx Jan 14: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
14 Jan 2016 01:47GMT

USD/JPY - ..... A sea of red is seen among Asia equity markets as o/n selloff in U.S. stocks triggered fresh wave of selling with the Nikkie leading the way and tumbled 4% shortly after the open on Thursday, so the Japanese yen and also the euro were bought as risk aversion trade whilst investors shunned risky currencies like aud, nzd and cad with the loonie falling again vs the usd in Asia to another fresh 12-year low of 1.4383.

Offers are tipped at 117.70/80 and more at 118.00/10, some bids are noted at 117.30-10 are with stops touted below 117.00, however, there is market chatter of fairly large stops below Monday's 4-1/2 month bottom at 116.69, suggesting selling dlr on intra-day recovery is the way to go.

Despite PBOC setting yuan's mid-point rate at 6.5616 (previous close at 6.5743), current offshore USD/CNH has currently jumped to 6.5000, suggesting dlr would remain under pressure vs the yen in Asian session.

Data to be released on Thursday:

Japan domestic corporate goods price index, machinery orders, machine tool orders, Australia unemployment rate, employment, Germany real GDP growth, Italy industrial output, U.K. bank rate, QE total, MPC vote, U.S. initial jobless claims, export prices, import prices and Canada new housing price index.

 

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AceTraderFx Jan 15: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
15 Jan 2016 01:55GMT

USD/JPY - ...... Although dlr ended Thursday's session above 118.00 level after swinging wildly in Europe & New York as rebound in U.S. stocks boosted risk sentiment and led to broad-based yen-selling, price rallied from New York morning low of 117.43 to as high as 118.28.
Despite initial sideways move ahead of Asian open and a higher open in the Nikkie, intra-day rise in USD/CNH (offshore) after the morning PBOC yuan's mid-point fixing triggered a sudden wave of yen buying and pressured the pair to 117.85.

Looks like dlr may orbit the 118.00 level in directionless Asian morning as offers are tipped at 118.20-40 area with stops above there, some bids are noted at 117.85-75 and more below with fairly good buying interest at 117.30-20.

Traders are expected to take cue from intra-day Asian and later European stocks' movement, however, pay attention to a slew of important U.S. economic data due out later today, in particular, Dececember retail sales, street forecast is looking for a 'flat' growth vs previous reading of 0.2%, a weaker-than-expected number would pressure U.S. stocks and the usd vs yen and euro.

Data to be released on Friday:

Australia home loans, France budget, Italy consumer price index, Eurozone trade balance, U.S. retail sales, producer price index, Empire State manufacturing index, industrial output, capacity utilization, Reuters/Michigan consumer sentiment index and business inventories

 

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AceTraderFx Jan 18: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
18 Jan 2016 01:28GMT

USD/JPY - ........ Although the greenback fell sharply in NZ to as low as 116.58, failure to penetrate last Friday's low at 116.51 triggered short-covering and price rebounded strongly to 117.13 in Tokyo morning as BoJ Governor Haruhiko Kuroda kept an upbeat view of the country's economy during his speech earlier.

Trading is going to be relatively thin today with U.S. markets closed for Martin Luther King's birthday holiday.
Some offers are seen at 117.20/30 and more above at 117.40/50 with stops building up above there whilst initial bids are noted at 116.60/70, suggesting choppy sideways trading would be seen.

Data to be released:

Japan tertiary industry index, industrial production, capacity utilization, U.K. house price index and Italy trade balance on Monday.

New Zealand business confidence, China GDP, industrial production, retail sales, Germany Harmonised index of consumer prices, CPI, Swiss producer and import prices, Euro zone current account, inflation, construction output, economic sentiment, U.K. retail price index, producer price index, consumer price index, house price, Germany current condition, economic sentiment, U.S. housing market index, net long-term TIC flows, overall net capital flows and foreign buying T-bonds on Tuesday.

New Zealand CPI, Germany producer price index, U.K. unemployment rate, average earnings, claimant change, Swiss investor sentiment, U.S. mortgage application, CPI, building permits, housing start, Redbook, Canada manufacturing sales, wholesale trade and BoC rate decision on Wednesday.

New Zealand manufacturing PMI, Japan all industry activity index, France business climate, U.K. housing survey, Euro zone interest rate decision, consumer confidence, U.S. initial jobless claims and Philadelphia Fed survey on Thursday.

Australia Westpac consumer confidence index, Japan manufacturing PMI flash, China business sentiment indicator, France manufacturing PMI flash, Service PMI flash, Germany manufacturing PMI flash, Service PMI flash, Euro zone manufacturing PMI flash, Service PMI flash, U.K. retail sales, public sector net borrowing, U.S. Chicago Fed national activity index, manufacturing PMI, existing home sales, CB leading indicator, Canada CPI and retail sales on Friday.

 

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AceTraderFx Jan 19: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
19 Jan 2016 02:13GMT

USD/JPY - ...... Dlr continues yesterdays gain in Asian trading as recovery in Asian stocks has boosted risk sentiment and a wave of renewed broad-based selling in yen vs usd, eur, gbp and aud is seen, the release of expected weak China GDP did not spook investors, suggesting consolidation with upside bias remains.

Bids are noted at 117.30-20 and more below with stops touted below 117.00.
On the upside, offers are tipped at 117.70/80 with some stops above 118.00.

Market is paying attention a slew of important economic data due out Tuesday with China 2015 Q4 annual GDP to come in at 6.8%, U.K. will release key inflation data for Dec, Germany will release ZEW economic sentiment, euro zone will release final Dec data.

 

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AceTraderFx Jan 20: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
20 Jan 2016 01:32GMT

USD/JPY - ....... The greenback found support at 117.23 yesterday in Asian morning and rose to intra-day high at 118.11, however, renewed selling there pressured the pair lower and price dropped to 117.31 in New York afternoon. Despite a brief recovery to 117.69 in Australia, renewed weakness in Nikkei-225 index sent dlr lower and price fell to 117.26 in Tokyo morning.

Pay attention to the release of U.S. CPI mm and yy at 13:30 GMT. Street forecasts are 0.0% and 0.8% vs previous readings of 0.0% and 0.5% respectively.

Offers are now lowered to 117.50/60 and more above at 117.70/80 with stops building up above there whilst initial bids are noted at 117.00/10, suggesting selling on pullback is favored.

Data to be released on Wednesday:

New Zealand CPI, Germany producer price index, U.K. unemployment rate, average earnings, claimant change, Swiss investor sentiment, U.S. mortgage application, CPI, building permits, housing start, Redbook, Canada manufacturing sales, wholesale trade and BoC rate decision

 

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AceTraderFx Jan 21: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
21 Jan 2016 01:26GMT

USD/JPY - ...... In stark contrast to yesterday's selling pressure through Asian session, the greenback met renewed buying at 116.92 in Australia. and climbed above o/n New York top of 117.05 to as high as 117.48 in early Asia trading as intra-day recovery in the Nikkie after the Dow pared half of Wednesday's losses in the afternoon prompted continued yen-selling.

For those who had missed dlr's wild price action in Europe yesterday, price tumbled to a near 1-year trough of in Europe after tripping stops below 116.50, then 116.15.
However, market chatter of vernal warning of yen's strength by a Japanese government official attending the Davos conference in Switzerland triggered a ferocious short-covering rally to 116.97.
Despite intra-day strong retreat to 116.20 in NY due to initial selloff in U.S. stocks, subsequent rebound in the Dow squeezed out late dlr shorts.

Range trading is expected in Asia with an upside bias and intra-day broad-based rebound in Asian equities suggests buying the pair on dips is favoured.
Bids are noted at 117.10-00 and more below n some offers are touted at 117.60/70 and more above with stops building above 118.00.

Data to be released on Thursday:

New Zealand manufacturing PMI, Japan all industry activity index, France business climate, U.K. housing survey, Euro zone interest rate decision, consumer confidence, U.S. initial jobless claims and Philadelphia Fed survey.

 

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AceTraderFx Jan 22: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
22 Jan 2016 01:28GMT

US/JPY - ...... Dollar continued its o/n gain New York session and climbed to an intra-day high of 117.95 at Asian open following dovish Reuters news report which came out ahead of Thursday's New York close.

Reuters reported the Bank of Japan is "taking a serious look" at expanding its monetary easing measures as sliding oil prices make it ever harder to reach its 2 percent inflation target, and a higher yen and falling stock prices would also loom large at the central bank's next two-day policy meeting on Jan. 28 and 29.
The Nikkei quoted one senior BOJ official as saying that sliding oil prices could depress inflation expectations among consumers. "Then we should consider additional easing," the official was quoted as saying.

While earlier Japan Financial Minister Aso said that they are closely watching the FX movements but won't comment on its levels, and stress that Japan economy's fundamentals are very strong.
With the declines in oil prices, Aso believed it is positive for Japan economy.

Data to be released on Friday:

Australia Westpac consumer confidence index, Japan manufacturing PMI flash, China business sentiment indicator, France manufacturing PMI flash, Service PMI flash, Germany manufacturing PMI flash, Service PMI flash, Euro zone manufacturing PMI flash, Service PMI flash, U.K. retail sales, public sector net borrowing, U.S. Chicago Fed national activity index, manufacturing PMI, existing home sales, CB leading indicator, Canada CPI and retail sales