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

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AceTraderFx Aug 8: Intra-Day Market Moving News & Views AUD/USD

Intra-Day Market Moving New and Views

08 Aug 2014 01:33GMT

AUD/USD - ... News on Reuters, the RBA releases its quarterly monetary policy report, qoute:

Australia c.bank repeats outlook likely to be period of stability for interest rates;
RBA sees economic growth little below average over 2014/15, above average thereafter;
RBA trims GDP forecast for end 2014 to 2.5 pct vs 2.75 pct, lowers forecast band for 2015;
Underlying inflation for end 2014 seen at 2.25 pct vs 2.5 pct, 2.25-3.25 pct for end 2015;
Removal of carbon tax to lower CPI by 0.75 ppt, underling inflation 0.25 ppt in 2014/15;
Jump in July unemployment might be partly due to survey changes, sample rotation;
Unemployment rate likely to remain elevated for some time, not decline until 2016;
Slack in labour market, improved productivity to keep domestic costs contained;
A$ high by historical standards, fall in terms of trade mean A$ could drop over time;
Falling mining investment, fiscal consolidation to drag on economic growth;
Growth supported by strong resource exports, low rates, upswing in home building;
Sees pick up in China aided by policy stimulus, expects Beijing to meet 7.5 pct 2014 target.

 

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AceTraderFx Aug 11: Intra-Day Market Moving News & Views & data to be released today

Intra-Day Market Moving New and Views USD/JPY

11 Aug 2014 02:58GMT

The greenback eased after a 'gap up' open to 102.22 (Reuters) in NZ today as Fri's rally in the Nikkei futures in NY session prompted broad-based yen-selling. The Nikkei has risen sharply in Asia (currently up by 329 points at 15107), suggesting consolidation with upside bias remains in Asian trading. Bids are noted at 102.00-101.90 with mixture of bids n stops located 101.75/70 n around 101.60. On the upside, offers are reported at 102.40-50 n then 102.65/70 with stops emerging further out abv 102.90.

Although geopolitical events shud remain as the major driver of volatility for the day, investors shud pay attention to the BoJ monthly economic survey at 05:00GMT as it will be interesting to see how the BOJ sees growth in that consists of the GDP number (market expects Wed's Japan Q2 GDP to post a sharp fall of 7.1%), trading dlr fm both sides of the market is recommended.


Next week will see the release of Japan's economic survey, Swiss retails sales and Canada's housing start on Monday.

U.K. BRC retail sales, BOJ meeting minutes, Japan's domestic CGPI, Australia's house prices, NAB business conditions and business confidence, Japan's industrial output, eurozone ZEW economic sentiment, current conditions and economic sentiment, U.S. redbook and Federal Budget on Tuesday.

Japan's GDP, Australia's Westpac consumer confidence, China's retail sales and industrial production, Germany's CPI and HICP, U.K. claimant count unemployment change and ILO unemployment rate, Swiss ZEW investor sentiment, eurozone industrial production, U.S. retail sales and business inventories on Wednesday.

New Zealand's business PMI and retail sales, U.K. RICS housing survey, Australia's westpac leading economic index, China's CB leading economic index, Germany's GDP, Swiss producer and import price, eurozone GDP and inflation, Canada's new house prices, U.S. import prices, exports prices and jobless claims on Thursday.

U.K. GDP, Canada's manufacturing sales, U.S. PPI, NY Fed manufacturing, overall net capital flows, foreign treasury buy, industrial and manufacturing output, capacity utilization and University of Michigan sentiment on Friday.

 

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AceTraderFx Sept 26: Intra-Day News & Views & data to be released today

Intra-Day Market Moving News and Views

26 Sep 2014

Last night Atlanta Federal Reserve President Dennis Lockhart said that the Fed's main policy statement will almost certainly shift in October as its bond-buying program winds down.

The current statement says the Fed will wait "a considerable time" after the end of its bond-buying program before raising interest rates. The end of the bond-buying program means that phrase will have to change, Lockhart said, though the committee may just drop the reference to the asset purchases and keep the rest of the language. With the softening economy, Lockhart, for one, said he thinks "considerable time" should remain.

"Some adjustment will come because of the reference to the end of asset purchases. That does not mean necessarily that the use of the phrase considerable time will be dropped," Lockhart said. "Whether we like it or not any change in language will be viewed as a signal. As policymakers the question I have to evaluate is do I now want to make that signal?...I would prefer to see a little more time pass to confirm that we are on the path that we think we are on and that we are going to start normalization with our statutory objectives in sight."

He also said that global trends may keep that dollar at its current high levels, particularly the continued weakness in Europe.

From the rise in the dollar alone "it is hard to disentangle whether we are getting a vote of confidence or whether the rest of the world is showing more trouble or weakness," he said.

Friday will see the release of Japan's CPI Germany's Gfk consumer sentiment, France's consumer confidence, U.S. core PCE, GDP in Q2 and University of Michigan sentiment.

 

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AceTraderFx Feb 9: Intra-Day News and Views (USD/CHF) & data to be released today

Intra-Day Market Moving News and Views
09 Feb 2015 00:09GMT

USD/CHF - ....... A piece of chf-bearish news which came out over the weekend which has not yet been reacted by the market.

The Swiss National Bank is prepared to intervene in foreign exchange markets and has room to lower already negative interest rates if necessary to weaken the franc, the central bank's chairman said.
"We are observing the exchange rate situation as a whole," Thomas Jordan told Swiss radio station SRF in an interview broadcast on Saturday. "If necessary we are active but as I said we do not speak about our transactions."

Jordan said it was important the SNB say nothing about possible transactions so that the central bank can have the biggest impact if it is required to intervene in the currency market.
Figures on monthly currency reserves and weekly sight deposits indicate the SNB is still actively curbing the franc, and a Swiss newspaper has reported that the central bank is unofficially targeting an exchange rate of 1.05-1.10 francs per euro.

Jordan said the negative interest rates are having a "strong impact" to make the franc less attractive, and signaled the central bank has room to push rates lower.
"There is certainly a limit for negative interest rates, but the question is where exactly that limit is," Jordan said.
"However, I believe at the current level of -0.75%, the limit certainly isn't reached yet."
Jordan said it was too early say exactly what impact removing the cap would have on the Swiss economy, but that growth n inflation would be lower than the SNB had previously forecast.

This week will see the release of:

Japan's Current Account, Consumer Confidence, Economy Watchers, China's Trade Balance, Exports, Imports, Germany's Trade Balance, Exports, Imports, euro zone's Sentix Index, Canada's House Starts on Monday.

Japan's Tertiary Industry Index, Australia's Home Price Index, NAB Business Conditions, China's CPI, PPI, Switzerland's Unemployment, CPI, France's Industrial Output, Italy's Industrial Output, U.K.'s BRC Retail Sales, Industrial Output, Manufacturing Output, U.S. Redbook, Wholesale sales and Wholesale inventories on Tuesday.

Japan Market Holiday, Australia's Westpac Confidence, France Current Account, U.K.'s BoE quarterly inflation report, U.S. Federal Budget on Wednesday.

Japan's Corp Goods Price, Machinery Orders, U.K. RICS Housing Survey, Australia's Employment, Unemployment, Germany's CPI, HICP, euro zone's Industrial Production, Canada's New Housing Price Index, U.S.'s Retail sales, Business Inventories on Thursday.

France's GDP, Non-Farm Payrolls, Switzerland's Producer/Import Price, Italy's GDP, U.K. Construction O/P, euro zone's Trade Balance, Canada's Manufacturing Sales, U.S.'s Export Prices, Import Prices, University of Michigan Sentiment on Friday.

 

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AceTraderFx Oct 30: Intra-Day News and Views (NZD/USD) & data to be released today

Intra-day Market Moving News and Views
30 Oct 2015 01:03GMT

NZD/USD - 0.6731.. Kiwi staged a short-covering strong rebound from 0.6691 (AUS) to 0.6739 following release of upbeat data. Reuters reported New Zealand business sentiment rebounded in October thanks in part to a recent lift in dairy prices, a survey by ANZ Bank showed on Friday.

According to the report, a net 10.5 percent of firms are optimistic about the general economy, a huge turnaround from the net 18.9 percent pessimistic last month.

A net 23.7 percent of respondents expected their own businesses to grow in the next 12 months, up from 16.7 percent last month. Inflation expectations were little changed at 1.70 percent.

"It's hard to go past rebounding dairy prices as a key catalyst. However, the story is broader than dairy," ANZ said.
"The economy has an array of sectors that are doing well. Tourism inflows are buoyant. Housing strength has broadened beyond Auckland. Sentiment across the service sector is tops for confidence, activity, profits, employment and investment."

International milk prices have jumped around 60 percent from 12-1/2 year lows in recent auctions.


Data to be released on Friday:

New Zealand RBNZ rate decision, Japan industrial output, industrial production, Australia exports and imports, UK Nationwide house price, Germany unemployment reports, CPI and HICP, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, U.S. jobless claims, and pending home sales.

 

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AceTraderFx Feb 17: Fed Rosengren stressed the central bank needs to ratchet down December's economic forecasts

17 Feb 2016 02:38GMT

USD/MAJORS - Boston Fed President Eric Rosengren earlier who commented that the Federal Reserve should be "unhurried" as it considers when to again raise interest rates given problems overseas and financial market volatility that will likely dampen already low U.S. inflation.
Going a step further than cautious comments he made last month, & stressed that the U.S. central bank would need to ratchet down economic forecasts it made in December because oil prices have continued to fall amid turbulent markets and a global economic slowdown.

The Fed raised rates in December for the first time in nearly a decade, Rosengren a voter on policy this year and an influential dove at the Fed. said that a more gradual approach is an appropriate response to headwinds from abroad that slow exports and financial volatility that raises the cost of funds to many firms.
The comments reinforce the view among investors that U.S. central bankers have been spooked by a world selloff in stocks and oil based on fears of a broader slowdown, despite a relatively solid economic performance in the United States.

The Fed in mid-December published forecasts suggesting four more rate hikes would come this year. But Rosengren said those would likely be adjusted at the U.S. central bank's mid-March policy meeting because weak energy prices and a strong dollar would depress U.S. inflation into the spring. Persistently low prices may even indicate that Americans' inflation expectations are "becoming less well anchored," a red flag for any central bank.

Even while core U.S. inflation is 1.4 percent, below the 2 percent target, a relatively new measure of expectations tumbled to its lowest ever levels last month. Rosengren further said that while it is likely that much of the fourth-quarter weakness is due to temporary factors ... if more pronounced global weakness were to materialize and be transmitted to the U.S., he personally believe there would be little need to raise rates until the economy was growing closer to its potential rate.

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AceTraderFx Feb 22: Intra-Day Market Moving News and Views GBP/USD

Intra-Day Market Moving News and Views
22 Feb 2016 06:02GMT

GBP/USD - 1.4284.. Cable languishes near intra-day low of 1.4235 despite Fri's intra-day rally from New York low of 1.4247 to as high as 1.4411 neat the close as market optimism of Britain clinching a deal with the EU triggered broad-based buying of sterling.

However, news came out in European afternoon on Sun that U.K.'s political heavyweight Boris Johnson surprised the market by giving his support for the 'Brexit' camp (see 01:15GMT update) triggered broad-based selling of the pound at NZ open, cable tanked from 1.4360 (vs Fri's close of 1.4405) to 1.4235. Despite a minor short-covering recovery to 1.4307, price retreated n swung inside a 1.4258-1.4603 range.

Cable is expected to trade above 1.4235 until European open as market awaits reaction from London traders after the surprise news of Jonhson's decision to move to the "Brexit" camp.

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AceTraderFx Feb 29: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
29 Feb 2016 05:11GMT

EUR/USD - ...... Euro gained respite in Asian morning and traded narrowly in subdued Monday morning after tanking to a fresh 3-week low of 1.0912 in New York morning after release of upbeat U.S. data.

Although price re-tested 1.0912 in Australia earlier this morning, subsequent bounce to 1.0936 suggests sideways trading would continue until European open, however, do pay attention to release of a slew of European data, starting with German import price and retail sales, after that, we have Italy's & EZ CPI n inflation data respectively.

Offers are tipped at 1.0935/45 and more with stops above 1.0980.
Initial bids are noted at 1.0915-10 with stops below 1.0900.

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