AceTraderFx: Intra-Day Market Moving News & Views & data to be released today

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AceTraderFx Apr 12: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
12 Apr 2016 02:00GMT

USD/JPY - ...... Although the greenback retreated after yesterday's intra-day rebound from a fresh 17-month trough at 107.63 (Asia) to 108.44 in New York morning, renewed buying emerged at 107.79 n price later staged a bounce to 108.13 in New York afternoon, then 108.27 in Tokyo morning on Tuesday as intra-day rise in Nikkei (currently up 104 points to 15,855) improved risk appetites.

Today, U.S. will release its Import Prices n Export Prices for March in New York morning. Having said that, focus of the market will be on the speeches from several Fed's officials later in New York session, they are Philadelphia Fed President Patrick Harker (13:00GMT), San Francisco Fed President John Williams (19:00GMT), and Richmond Fed President Jeffrey Lacker (20:00GMT).

At the moment, offers are noted at 108.30-40 and more at 108.60-70 with stops above 108.90.
On the downside, initial bids are tipped at 107.90-80 and then 107.70-60 with stops below there.

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AceTraderFx Apr 13: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
13 Apr 2016 01:18GMT

USD/JPY - ....... The greenback continued to nurse its recent losses against the Japanese yen on Tuesday and rose to 108.79 in New York morning before retreating to 108.44 due to cross-buying in yen versus euro and sterling.

Today, as intra-day rally in Nikkei (currently up 263 points to 16,192) in Tokyo morning has improved risk appetites, suggesting consolidation with mild upside bias would be seen in Asia and early Europe.
However, sharp gain beyond 109.00 level is not likely ahead of the release of important U.S. PPI readings n retail sales reports in New York morning.

At the moment, initial bids are noted at 108.50-40 and more at 108.30-20 with stops below there, whilst offers are reported at 108.90-00 and then 109.10-20 with stops above there.

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AceTraderFx Apr 13: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
13 Apr 2016 02:18GMT

EUR/USD - ....... The single currency went through a 'roller-coaster' session on Tuesday as despite an initial rally above last week's top at 1.1454 to a fresh 5-1/2 month peak at 1.1465 in Europe, price tumbled to as low as 1.1346 in New York morning on long-liquidation before staging a recovery to 1.1401.
Euro moved sideways inside a tight range of 1.1372-1.1401 in New York afternoon as well as in early Asian session.

Today in European morning, France will release its latest inflation readings, whilst euro zone will release its industrial production data for Feb. Market expects the industrial production in euro zone to be -0.7% in Feb compare to +2.0% in preceding month.

At the moment, offers are noted at 1.1400-10 and more at 1.1420-30 with stops above 1.1440.
On the downside, bids are reported at 1.1350-40 and then 1.1320-10 with stops below 1.1300.

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AceTraderFx Apr 14: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
14 Apr 2016 03:10GMT

EUR/USD - ...... The single currency remained under pressure in Asian morning on Thursday following yesterday's intra-day decline from 1.1391 to 1.1268 and extended losses to 1.1263 due partly to cross-selling in euro vs yen.

Although euro's intra-day weakness in Asia suggests consolidation with initial downside bias would be seen and selling the single currency is recommended, reckon sharp fall is not likely to be seen as market expects euro zone's inflation data in March which will release in European morning today to show a rise of +1.2% in March compares to +0.2% in preceding month and investors may decide to lock in profits ahead of the this data.

At the moment, offers are reported at 1.1280-90 and more at 1.1300-10 with stops above there, whilst bids are noted at 1.1250-40 and then 1.1230-20 with stops below 1.1320.


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AceTraderFx Apr 15: BOJ Governor described the yen's gains so far this year as excessive

Intra-Day Market Moving News and Views
15 Apr 2016 00:50GMT

BOJ Governor Haruhiko Kuroda has dismissed view held by some in the market on deploying negative interest rates was an attempt to stem an unwelcome yen rise that hurts exports. It was the first time the BOJ governor described the yen's gains so far this year as "excessive," wading into a series of verbal intervention by Japanese policymakers that has had little success arresting unwelcome yen gains that hurt exports. While the yen's "excessive" rises have been corrected somewhat in the past few days, pointing to the dollar's rebound from 17-month lows hit earlier this month.

G20 meeting is concluding today, and high on the agenda willy be the Currency policy. The IMF on Tuesday cut Japan's growth forecast for 2016 in half to 0.5 percent, as the economy skirts recession on sluggish global demand and weak private consumption.

In a seminar in New York earlier, Kuroda acknowledged that private consumption has shown some weaknesses and stressed his readiness to ease again if risks threaten achievement of the bank's 2 percent inflation target.

A statement issued by Japan Treasury Department today, Japanese Finance Minister Taro Aso and U.S. Treasury Secretary Jack Lew has agreed on the importance of all countries to honor their G7 and G20 exchange-rate commitments. The two, who met in Washington on the sidelines of the Group of 20 finance leaders' gathering, also discussed developments in Japan's macro-economic policies including fiscal measures.
The G20 finance leaders agreed in February that countries should refrain from competitive currency devaluations, which some market players interpreted as a warning against Japan for intervening in the currency market to stem sharp yen rises.
The G20 and the Group of Seven advanced economies, however, agree that excess volatility and disorderly currency moves are undesirable. But Japan insists it has the right to step into the market if the yen's spike is out of line with fundamentals.

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

Intra-Day Market Moving News and Views
18 Apr 2016 01:05GMT

USD/JPY - ....... Dlr 'gap-down' opened below Friday's New York low of 108.60 to as low as 107.75 (Reuters) in NZ this morning on broad-based buying in yen for risk aversion after an earthquake a 7.0 magnitude earthquake hit southern Japan's Kyushu Island on Saturday.
Later, despite a recovery to 108.46 ahead of Asian open, price retreated to 107.90 in Tokyo morning due to a decline of near 3% in Nikkei (currently down 2.7% or 454 points to 16,393).

Today, NAHB will release its housing market index for U.S. at 14:00GMT, however, focus of the market will be on the speeches from New York Fed President William Dudley andn Minneapolis Federal Reserve president Neel Kashkari at 12:30GMT n 16:30GMT respectively.

At present, offers are reported at 108.30-40 n more at 108.50-70 region with mixture of offers and stops located at 108.80-90.
On the downside, initial bids are noted at 107.70-60 and then 107.50-40 with stops below 107.30.

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

Intra-Day Market Moving News and Views
18 Apr 2016 08:33GMT

GBP/USD - ...... Cable rebounds from intra-day low of 1.4132 on short covering after Reuters news reported the "In" camp maintains lead.

Reuters reported the "In" campaign has retained its seven percentage point lead ahead of Britain's June 23 referendum on whether Britain should stay in the European Union although more voters were undecided, according to a ComRes poll for the Sun newspaper on Monday.
The telephone survey of 1,002 people carried out last week found support for staying in the bloc was on 45 percent with 38 percent of voters backing a Brexit.

That meant the "In" camp's lead was unchanged from a similar ComRes poll last month although the number of undecided voters had risen significantly to 17 percent. Last month, 11 percent said they did not know how they would vote.

"It is clear there is still considerable confusion about the referendum, which suggests a lack of clarity from both campaigns," Tom Mludzinski from ComRes told the Sun.
Phone surveys have generally indicated support for remaining in the EU firmly ahead of the "Out" campaign, while online polls have the two sides running neck and neck.

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AceTraderFx Apr 19 Intra-Day Market Moving News and Views- EUR/USD

Intra-Day Market Moving News and Views
19 Apr 2016 04:08GMT

EUR/USD - ..... Euro pares yesterday's modest gain in Asian morning and retreated from New York high of 1.1332 to 1.1304, however, market attention is Asia is on the yen and yen crosses as well as the antipodean currencies, suggesting further sideways trading below said yesterday's high would continue.

Pay attention to release of Germany's and then EZ Apr ZEW economic sentiment index both due out at 09:00GMT, street forecast is looking for a reading of an improved figure of 8.0 and 13.9 respectively, so if actual readings come in better than forecast, euro may be bought.

Offers are tipped at 1.1325/35 with stops above there, more stops are reported above 1.1350.
Initial bids have been raised to 1.1300 and more below with some stops touted below 1.1270.

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AceTraderFx Apr 20: Intra-Day News and Views (USD/JPY)

Intra-Day Market Moving News and Views
20 Apr 2016 01:12GMT

USD/JPY - ....... Although improved risk appetites on Tuesday triggered broad-based selling in yen and pushed usd/jpy pair higher to 109.49 in New York morning, profit-taking knocked dlr down to 109.00 in o/n New York.
Later, the pair edged higher to 109.32 ahead of Asian open and then retreated to 109.04 in Tokyo morning.

Today, U.S. will release its latest Existing home sales report at 14:00GMT. Market expects the reading to increase to 5.29 million units and a gain of 3.5% in March compare to 5.08 million units and -7.0% in preceding month respectively.

At the moment, offers are noted at 109.30-40 and more at 109.50-60 with stops above 109.70.
On the downside, bids are reported at 109.00-108.90 and then in the region of 108.70-50 with stops below there.

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AceTraderFx Apr 21: Intra-Day News and Views (USD/JPY)

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

USD/JPY - ...... Although dlr retreated versus yen to 108.77 in European morning yesterday, the pair later rallied above last week's top at 109.74 to 109.88 in o/n New York on usd's broad-based strength following release of upbeat U.S. Existing Home Sales data, then marginal gain to 109.90 ahead of Asian open on Thursday before easing.

Today, U.S. will release weekly jobless claims, Housing Price Index (February) and CB Leading Indicator (March) at 12:30GMT, 13:00GMT and 14:00GMT respectively.
Market expects the U.S. jobless claims to increase 10K last week to 263K compare to 253K in previous reading, whilst U.S. leading indicators to improve to 0.4% from 0.1% in preceding month.

At present, bids are reported at 109.50-40 and more at 109.30-10 region with stops below 109.00, whilst offers are noted at 109.90-110.00 and then 110.10-20 with stops above there.

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