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AceTraderFx Dec 04: Intra-Day News and Views & data to be released today -USD/JPY
Intra-Day Market Moving News and Views
Update Time: 04 Dec 2019 04:30GMT
USD/JPY - 108.53... The greenback gained some respite and staged a short-covering rebound after yesterday's selloff from 109.20 in Asia to as low as 108.49 in New York on risk-averse buying in jpy after President Trump said a trade deal with China may be delayed until after the 2020 U.S. Presidential election. However, renewed selling emerged at 108.67 at Asian open today on comments from China's Foreign Ministry and knocked price back down to 108.49.
Dollar's fall to 108.49 suggests decline from Monday's 6-month peak at 109.72 remains in progress and selling on intra-day recovery for a stronger retracement of MT upmove is favored. Offers are now seen at 108.60/70 and more above at 108.80/90 with stops building up above there whilst initial bids are noted at 108.10/20.
There is a slew of U.S. data to be released today but pay particular attention to ADP employment at 13:15GMT and ISM non-manufacturing PMI at 15:00GMT . Street forecasts are 140k and 54.5 vs previous readings of 125k and 54.7 respectively.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates
Intra-Day Market Moving News and Views
Update Time: 04 Dec 2019 04:30GMT
USD/JPY - 108.53... The greenback gained some respite and staged a short-covering rebound after yesterday's selloff from 109.20 in Asia to as low as 108.49 in New York on risk-averse buying in jpy after President Trump said a trade deal with China may be delayed until after the 2020 U.S. Presidential election. However, renewed selling emerged at 108.67 at Asian open today on comments from China's Foreign Ministry and knocked price back down to 108.49.
Dollar's fall to 108.49 suggests decline from Monday's 6-month peak at 109.72 remains in progress and selling on intra-day recovery for a stronger retracement of MT upmove is favored. Offers are now seen at 108.60/70 and more above at 108.80/90 with stops building up above there whilst initial bids are noted at 108.10/20.
There is a slew of U.S. data to be released today but pay particular attention to ADP employment at 13:15GMT and ISM non-manufacturing PMI at 15:00GMT . Street forecasts are 140k and 54.5 vs previous readings of 125k and 54.7 respectively.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates