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AceTraderFx Nov 06: Intra-Day Market Moving News and Views - USD/JPY
Intra-Day Market Moving News and Views
06 Nov 2018 03:30GMT
USD/JPY - 113.29.. The pair trades relatively narrowly in subdued Asian morning after yesterday's initial gain to 113.34 in Europe before retreating briefly to 113.08 in New York morning due to cross-unwinding in yen and usd's weakness.
Although price has inched higher back to 113.32 in Asia as minor gains in U.S. stocks and intra-day 1% rise in the Nikkie has boosted risk sentiment, offers near last week's 113.39 high are likely to present strong buying ahead of U.S. midterm election today, so unless 113.39 res is penetrated, range trading is the order of the way and below 113.08 would yield stronger retracement to 112.75/80 later.
Offers are tipped at 113.30/40 with stops above there whilst bids are noted at 113.10/00 with stops below there.
On the eco. data, U.S. will release 3nd-teir Redbook sales and JOLTS job openings. So all eyes are on the latest U.S. midterm election results but they will only start coming in tom in Asian time.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
Intra-Day Market Moving News and Views
06 Nov 2018 03:30GMT
USD/JPY - 113.29.. The pair trades relatively narrowly in subdued Asian morning after yesterday's initial gain to 113.34 in Europe before retreating briefly to 113.08 in New York morning due to cross-unwinding in yen and usd's weakness.
Although price has inched higher back to 113.32 in Asia as minor gains in U.S. stocks and intra-day 1% rise in the Nikkie has boosted risk sentiment, offers near last week's 113.39 high are likely to present strong buying ahead of U.S. midterm election today, so unless 113.39 res is penetrated, range trading is the order of the way and below 113.08 would yield stronger retracement to 112.75/80 later.
Offers are tipped at 113.30/40 with stops above there whilst bids are noted at 113.10/00 with stops below there.
On the eco. data, U.S. will release 3nd-teir Redbook sales and JOLTS job openings. So all eyes are on the latest U.S. midterm election results but they will only start coming in tom in Asian time.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates