AceTraderFx Jun 9: Intra-Day Market Moving News & Views & data to be released today

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AceTraderFx Jun 26: Intra-Day Market Moving News & Views & data to be released today

Intra-Day Market Moving News and Views USD/JPY

26 Jun 2014 01:49GMT

USD/JPY - ... The greenback tumbled to 101.64 on Wednesday due to dollar's broad-based weakness after the release of weaker-than-expected U.S. GDP n durable goods data, however, short-covering lifted price briefly to 101.87 in late NY.
Offers are now tipped at 101.90-00 and more at 102.10-20.
On the downside, sizeable stops at 101.60 are in focus but some demand is located at 101.45/40 and more at 101.20-10.

Nikkei-225 index rose by 48 points to 15315, following the rise in U.S. stock markets. Prime Minister Shinzo Abe said on Wednesday that deflation has ended and will be thwarted by new government policies designed to encourage business expansion.

Last night statement from the U.S. White House said, quote:
'Obama is mindful of not putting in U.S. companies at a competitive disadvantage when mulling further sanctions against Russia over Ukraine; sanctions regime against Russia will be most effective if implemented with allies in Europe who are among Russia's strongest trading partners.'
'Obama called Italy's PM to discuss Ukraine on Wednesday.'


Data to be released on Thursday:

France business climate, U.K. BoE financial stability report, U.S. jobless claims, personal consumption, personal income, core PCE, PCE index.

 

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AceTraderFx Jun 27: Intra-Day Maket Moving News & Views & data to be released today

Intra-Day Market Moving News and Views

27 Jun 2014 00:30GMT

USD/JPY - Statement from the Japan govt. official announced that : May household spending fall n impact of sales tax hike are within expectations, as spending other than auto, housing in uptrend.

While Japanese household spending fell much more than expected in May, data showed on Friday, in a sign that consumer spending is struggling after an increase in the national sales tax.

The 8.0% annual decrease exceeded the median market forecast for a 2.0 percent annual decline.
The govt. raised the national sales tax to 8% fm 5% on Apr 1st to pay for rising welfare costs.


Yesterday Fed's Bullard in his statement said, qoute:

'prefers to end bond buying in October; sees GDP growth bouncing back in 2nd qtr, on track for 3.5 pct to 4 pct growth; own forecast of q1 2015 rate hike is data-dependent; wage increases will follow increase in inflation.'

' if jobless rate falls faster than expected, Fed may be behind curve; confident that fed will do the right thing; "way ahead of schedule" on decline in unemployment rate; view that inflation will rise above 2 pct in 2015; U.S. no longer in 1 pct-2 pct low-inflation environment; inflation will tick higher; U.S. is still a long way from a turn in monetary policy; economy could tolerate the process of fed going back to normal.'

'as credit markets heal, harder to justify continued low rates; Fed's bond-buying has not made U.S. income, wealth inequality worse; higher inflation would hurt the poor the most; Fed's bond-buying has boosted stocks, which have recently returned to more standard valuations; largely agree that low real yields will help repair damage from crisis more quickly.'

Data to be release on Friday:

New Zealand trade balance, exports, imports, Japan household spending, CPI core Tokyo, CPI core nationwide, unemployment rate, Germany import price index, CPI, HICP, France consumer spending, GDP, producer prices, Switzerland KOF indicator, Italy business confidence, U.K. Gfk consumer confidence, GDP, euro zone business climate, consumer confidence, economic sentiment, service sentiment, Canada producer prices, U.S. University of Michigan sentiment (Final).

 

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AceTraderFx Jun 30: Intra-Day Maket Moving News & Views & data to be released today

Intra-Day Market Moving New and Views

30 Jun 2014 02:35GMT

EUR/USD - ... The single currency maintained a firm undertone after rising to 1.3650 on Friday n bids are now located at 1.3640-30 n more at 1.3620-10 with stops only seen below 1.3600. On the upside, some stops are tipped abv 1.3650 n 1.3655.

Bloomberg news reported that German Chancellor Angela Merkel and French President Francois Hollande, in a telephone call lasting more than two hours, told Russian President Vladimir Putin and Ukraine chief Petro Poroshenko to start peace talks and reminded them of a looming deadline for Kremlin action.

In other news, the Bank for International Settlements (BIS) said in its annual report released earlier that loose monetary policy makes it easy for euro-area banks to keep bad debt on their books, potentially delaying the flushing out of sour loans.

Last Friday, statement from France's Hollande said, qoute:
'will hold phone talks with Germany's Merkel, Ukraine's Poroshenko, Russia's Putin on Sunday; EU will take more measures if no progress on Ukraine by Sunday.'

Also, statement from German Chancellor Angela Merkel qoute:
'progress made on Ukraine peace process is not satisfactory; if no progress made on any of the points of Ukraine peace plan then we are prepared to take severe measures.'


Data to be release next week:

Japan industrial output, construction orders, housing starts, Germany retail sales, Italy producer prices, consumer prices preliminary, CPI, U.K. mortgage approvals, mortgage lending, euro zone inflation, Canada GDP, U.S. Chicago PMI, pending home sales on Monday.

Japan Tankan, China NBS manufacturing PMI, HSCB manufacturing PMI, Japan manufacturing PMI, Australia RBA rate decision, Switzerland PMI, Italy Markit/ADACI manufacturing PMI, unemployment rate, France Markit manufacturing PMI, Germany Markit/BME manufacturing PMI, unemployment rate, unemployment change, euro zone Markit manufacturing PMI, unemployment rate, U.K. Markit/CIPS manufacturing PMI, U.S. Markit manufacturing PMI, ISM manufacturing PMI, construction spending on Tuesday.

Australia exports, imports, trade balance, U,K. Nationwide house price, Markit/CIPS construction PMI, euro zone producer prices, U.S. ADP employment, durable goods revised, factory orders, Canada manufacturing PMI on Wednesday.

China NBS non-manufacturing PMI, HSBC service PMI, Australia building approvals, retails sales, France Markit/ABACI service PMI, Fracne Markit service PMI, Germany Markit service PMI, euro zone Markit service PMI, retails sales, ECB rate decision, U.K. Markit/CIPS service PMI, Canada trade balance, exports, imports, U.S. non-farm payrolls, unemployment rate, jobless claims, average earnings, trade balance, Markit service PMI, ISM non-manufacturing PMI on Thursday.

Germany industrial orders, U.K. Halifax house prices, U.S. markets closed for July 4 Independence Day holiday on Friday.

 

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AceTraderFx Jul 2: IntraDay Maket Moving News & Views & data to be released today

Intra-Day Market Moving New and Views USD/JPY

02 Jul 2014 02:15GMT

USD/JPY - ... The greenback ratcheted higher to 101.65 due to the rise in Nikkei-225 index, which rose by 89 points to 15416, following the rally in U.S. stock markets. Bids are now located at 101.50-40 and more at 101.30 with stops only seen below 101.20.
On the upside, some offers are tipped at 101.80-85 and more at 102.00.

BOJ reported that firms forecast inflation of 1.5 percent in a year, unchanged from three months ago.
Japanese companies see prices rising 1.6 percent from a year earlier in three years, and gaining 1.7 percent in five years. Japanese companies forecast sustained price gains, providing support for the Bank of Japan's campaign to generate stable inflation.

Investors are focusing on the speech at 14:00GMT by Federal Reserve Chair Janet Yellen after saying last month U.S. interest rates will stay low for a 'considerable time.'


Data to be release of Wednesday:

Australia exports, imports, trade balance, U,K. Nationwide house price, Markit/CIPS construction PMI, euro zone GDP, producer prices, U.S. ADP employment, durable goods revised, factory orders, Canada manufacturing PMI on Wednesday.

 

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AceTraderFx Jul 2: Intra-Day Market Moving News and Views GBP/USD

Intra-Day Market Moving News and Views


GBP/USD - .. Sterling's stellar performance in 2014 is backed up by positive fundamentals as U.K. growth is the strongest in the G7 countries n recent upbeat eco. data adds to market speculation of a first hike in Britain's interest rate sooner rather than later.

The Telegraph reported on Tuesday U.K. manufacturing sector expanded for a 16th consecutive month amid swollen order books n increased production. Strong demand for orders both at home and abroad also meant manufacturers took on staff at their quickest pace since March 2011.

Survey compilers Markit's senior economist Rob Dobson said "UK manufacturing continued to flourish in Jun, rounding off one of the best quarters for the sector over the past two decades." He added "With levels of production surging higher, and order books swollen by a further upswing in demand from both domestic and overseas clients, job creation accelerated to its highest for over 3 years."


The pound eases in Asia in tandem with intra-day retreat in eur/usd after yesterday's rally to a fresh 5-1/2 year peak of 1.7167. The pound jumped from 1.7102 to 1.7136 after U.K. mfg PMI beat estimate n climbed to 57.5 vs forecast of 56.8, st specs were reported buying cable on the data, price later rose to session high of 1.7167 near NY midday b4 pulling back on profit-taking.

Looks like the usual range trading in Asia would continue b4 sterling's recent strong ascent resumes as the trend is your trend. Initial bids are noted at 1.7140-30 n more below with stops reported below yesterday's low at 1.7096.
On the upside, a mixture of selling interest n stops is touted at 1.7465/70. Pay attention to U.K. construction PMI, forecast for Jun is 59.5 vs previous reading of 60.0, although this is the least of the important 3 PMIs, if actual is higher than street estimate, this will give sterling bulls another reason to take the pound higher.

 

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AceTraderFx Jul 3: Intra-Day Maket Moving News & Views AUD/USD

Intra-Day Market Moving New and Views

03 Jul 2014 01:00GMT

AUD/USD.. The latest prepared statements from RBA Governor Glenn Stevens which has knocked AUD sharply lower to intra-day low of 0.9393 after he said Australia rebalancing act to take time, A$ overvalued, quote :-
1. rebalancing signs encouraging but some way to go yet;
2. monetary policy very accommodative, but still has ammunition on rates;
3. A$ overvalued by most measures, and by more than a few cents;
4. investors under-estimating risk of sharp fall in a$ at some point;
5. not seeking to actively "jawbone" the currency lower;
6. has not contemplated tightening, stability language has worked on market expectations;
7. could drop reference to stable rates long before giving any thought to tightening;
8. federal budget unlikely to change near term economic outlook;
longer term tightening of fiscal policy seems sensible;
9. longer term tightening of fiscal policy seems sensible;
10. questions whether budget impact on household confidence will persist;
11. Q1 GDP probably overstated pace of growth, outlook little below trend;
12. housing market appears to be calming down, slower price growth favoured;
13. conditions in housing market do not warrant higher rates.


Yesterday, the foreign ministers of Russia and Ukraine agreed in talks in Berlin on Wednesday to work towards resuming a ceasefire which would be made possible by starting three-ways talks including pro-Russian separatists by this weekend.

German foreign minister Steinmeier said, quote: 'talks with Ukraine, Russia and France produced measures that will point way to multilateral ceasefire; welcomes Russian readiness to allow Ukraine officers access to checkpoints on border.'

Ukraine foreign minister Klimkin said, quote: 'talks agreed to work towards resumption of trilateral contact group talks; de-escalation will happen when ukraine president's peace plan is respected in its totality'

Russian foreign minister Lavrov said, quote: 'hopes for meeting of contact group on Ukraine in next few days; Russian side will be ready during any new ceasefire to let OSCE monitor certain border crossings; Russia will work for release of hostages in Ukraine; expects a ceasefire to be put in place in Ukraine.'

French foreign minister Fabius said, quote: 'talks on Ukraine "can report mission accomplished".'

 

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AceTraderFx Jul 7: Intra-Day Maket Moving News & Views & data to be released today

Intra-Day Market Moving New and Views

07 Jul 2014 00:37GMT
EUR/USD - .. Euro breaks Fri's low at 1.3586 in Asian morning. Price opened around 1.3600 in NZ n continued to edge lower, traders cited st specs sold the euro on dovish comments from ECB members Chritian Noyer & Benoit Coeure in a financial forum in Aix-En-Provence, France. Some stops below 1.3585 were stopped but trading volume is likely to be thin in Asia following last Fri's market holiday in the U.S.

07 Jul 2014 00:26GMT
USD/JPY -.. Quoting comments from BoJ Governor Haruhiko Kuroda who is speaking at the quarterly meeting of BoJ branch managers :

"Japan's economy continues to recover moderately as a trend."
"Japan's CPI likely to move around 1-1.5% for some time."
"Japan's financial system maintaining stability as a whole."
"Japan's QE has been exerting intended effects."
"Japan will continue with QE for as long as needed to achieve its 2% inflation target in stable manner."
"BoJ will examine upside, downside risks to economy, prices, n adjust policy as necessary."


Data to be released next week:

Japan leading index, Switzerland unemployment rate, Germany industrial orders, euro zone Sentix index, Canada building permits, Ivey PMI on Monday.

U.K. BRC shop price, Japan current accounts, economy watcher, Australia Westpac consumer confidence, NAB business conditions, NAB business confidence, China CPI, PPI, GDP, retail sales, Germany trade balance, exports imports, France trade balance, Switzerland CPI, retail sales, U.K. industrial output, manufacturing output, U.S. redbook on Tuesday.

Australia consumer sentiment, Canada house starts on Wednesday.

New Zealand PMI, U.K. RICS housing survey, Japan machinery orders, Australia employment, unemployment, China exports, imports, trade balance, Japan consume confidence, France CPI, industrial output, Italy industrial output, U.K. trade balance, BoE rate decision, Canada new house price index, U.S. wholesale inventories, wholesale sales on Thursday.

Australia housing finance, invest housing finance, Germany CPI, HICP, France current account, Canada unemployment rate, employment change, U.S. Federal budget on Friday.

 

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AceTraderFx Jul 9: Intra-Day Maket Moving News & Views & data to be released today

Intra-Day Market Moving New and Views USD/JPY

09 Jul 2014 01:53GMT

USD/JPY - ... Yesterday's cross-inspired weakness knocked price lower to 101.49 in NY and then 101.45 at Tokyo open due to the decline in Nikkei-225 index following the sell off in global stock markets on Tuesday. Offers are now tipped at 101.65-70 and more at 101.80-85.
On the downside, some bids are located at 101.40 and 101.30-25.
Trading is likely to be thin in Asia as investors are waiting for the release of Fed's minutes at 18:00GMT later today.

Tuesday's news worth mentioning, Minneapolis Fed President Narayana Kocherlakota said inflation may run below the central bank's target, while his Richmond counterpart Jeffrey Lacker curbed his previous expectation for more robust growth.

09 Jul 2014 01:30GMT

In other news, comments by Chinese President Xi Jinping who said as he opened annual talks between U.S. & China confrontation between China, U.S. would be a disaster.
Preisent Xi said China, U.S. should speed up talks on bilateral investment treat; China, U.S. must respect each other's sovereignty & territorial integrity.
U.S. Treasury Secretary Jack Lew said moving to market-determined FX rate is crucial step for China; Sees a strengthening recovery in U.S.


Data to be released on Wednesday:

UK shop price index, Japan machinery orders, Australia Westpac consumer sentiment, China CPI, PPI, Canada housing starts and U.S. FOMC minutes.

 

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AceTraderFx Jul 10: Intra-Day Maket Moving News & Views & data to be released today

Intra-Day Market Moving New and Views USD/JPY

10 Jul 2014 02:12GMT

USD/JPY - ... Despite yesterday's brief bounce to 101.85 after the release of FOMC minutes, the greenback subsequently retreated and ratcheted lower to 101.51 in Asia.
Offers are now tipped at 101.75-80 and more at 101.95-00 with stops seen above 102.00.
On the downside, bids are located at 101.30-25 with stops seen below 101.20 but demand from various accounts is located above 101.00 level.

On the data front, Japan's machinery core orders fell by 19.5% from April, the most on record in May since 1987, suggesting that companies remain cautious about deploying record cash reserves into investment.

Bloomberg news reported earlier that Bank of Japan officials see buying exchange-traded funds based on the JPX-Nikkei Index 400 as a future option to boost the impact of unprecedented easing and encourage companies to deploy cash for investment, according to people familiar with the central bank's discussions.

Data to be released on Thursday:

New Zealand PMI, Japan domestic CGPI, machinery orders, consumer confidence, Australia employment, China exports, imports, trade balance, France CPI, industrial output, Italy industrial output, UK RICS housing survey, trade balance, BoE rate decision, Canada housing price index, U.S. jobless claims, wholesale sales and wholesale inventories.

 

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AceTraderFx Jul 11: Intra-Day Maket Moving News & Views & data to be released today

Intra-Day Market Moving New and Views

11 Jul 2014 01:57GMT

USD/JPY - ... Japan FinMin Aso said "Japan long-term interest rates at 0.54% are abnormal".
The greenback remained under pressure on Thursday and intra-day decline gathered momentum after penetrating 101.45 support to a fresh 7-week low at 101.07 due to active cross buying in jpy on renewed risk aversion before staging a recovery to 101.39 in Asian morning.
Offers are now tipped at 101.45-50 n more at 101.60 with stops only seen above 101.70.
On the downside, some bids are located at 101.15-10 with mixture of bids n stops seen at 101.00.


Wraping up from last night, Fed's George said 'concerned about effects of higher food prices on lower-income households; formulas that guide interest rate changes point to liftoff from 0 as early as this year; anxious to work twd process of policy normalization.'
The single currency Euro had finally gained some respite in NY session after intra-day sharp retreat from 1.3650 to 1.3589 in NY morning on risk aversion due to growing concerns over Portuguese bank BES.
Offers were now seen at 1.3615/20 n more above at 1.3630/40 with stops building up above there whilst initial bids were noted at 1.3580/90, suggesting selling on any recovery was still the favored strategy.

Data to be released on Friday:

Australia new home loans, Germany CPI, HICP, WPI, France current account, Canada employment change, unemployment rate and U.S. Fed budget.