[B]Intra-Day Market Moving News and Views
16 Mar 2017[/B] [I]03:29GMT
[/I]
USD/JPY - … Dlr languishes near a 2-week low of 113.16 despite yesterday’s anticipated Fed’s rate rise, the second time in 3 months. The greenback tumbled broadly due to less hawkish Fed rate increase forecasts, cutting market’s expectation of 3 more hikes to 2 in the remaining of 2017.
Well, this is more of a case of ‘buy the rumour and sell on fact’ as traders have been loading up long USD positions in recent days. However, the major factor that knocked dlr/yen lower was the sharp fall in U.S. yields where the key benchmark 10-year Treasury yield fell fm Tue’s near 3-month peak of 2.629% to 2.495%, rate dipped marginally to 2.486%, hence, dlr’s weakness in Tokyo trading.
Although USD demand by Japanese importers are providing sup on dips for the greenback, sellers are likely to emerge after BoJ Kuroda’s press conference (06:30GMT).
Offers are tipped at 113.55/65 and more above with stops above 114.00.
Some bids are noted at 113.15-00 area with stops below there, suggesting sell Dollar on recovery is recommended for intra-day trade.
Later in the day, U.S. will release weekly jobless claims, housing starts and Philly Fed mfg index.
[B]Intra-Day Market Moving News and Views
17 Mar 2017[/B] [I]02:13GMT[/I]
USD/JPY - ...... Dlr is currently roughly where it was trading 24 hours after a seesawed Thursday session.
Despite ratcheting lower from yesterday’s 113.55 (AUS) high to a 2-week low of 112.91 on broad-based yen buying in early European trading, price rallied back to 113.53 on short covering b4 falling back to 112.98 at New York midday.
However, buying interest emerged and lifted price back to 113.43 and dlr later inched higher and climbed back to 113.49/50 in Asia today.
Looks like dlr would gain more respite in Asian trading, just like yesterday but beware of another round of yen buying when European traders arrive, so selling on intra-day recovery is favoured but downside today looks very ltd due to recovery in the U.S. yields (benchmark 10-year treasury yield has climbed back to 2.544% today from yesterday’s 2.486% low). Offers are tipped at 113.50/60 with some stops above there, more stops are touted above 114.00.
Bids are noted at 113.25/20 and more at 113.00 with stops reported below 112.90.
Data to be released on Friday:
New Zealand business PMI, Italy trade balance, EU trade balance, U.S. industrial production, capacity utilisation and consumer confidence.
[B]Intra-Day Market Moving News and Views
20 Mar 2017 [/B] [I]03:02GMT[/I]
USD/JPY - 112.54.. Dlr languished near a fresh 2-week low of 112.48 in holiday-thinned trading in Asian morning as Japan's financial markets for closed for Vernal Equinox Day holiday.
The pair met renewed selling in New Zealand at 112.76 as lack of key developments at the end of G20 meeting on Saturday (G20 communique dropped pledge to avoid trade protectionism and to refrain from ccy intervention) prompted short-term specs to renew their broad-based USD selling, price fell below 112.57 after tripping some stops below there.
Although intra-day weakness suggests downside bias remains ahead of Euroepan open, so buying interest is touted at 112.35-20 area with stops below 112.00.
Offers are tipped at 112.75/85 with stops above 113.00.
The only U.S. eco. data due out is Chicago Fed National Activity index at 12:30GMT.
Last but not least, at 17:10GMT, Chicago Fed President Evans (voter) will be the first Fed official out of 9 policy makers who are scheduled to make public speeches this week.
[B]Intra-Day Market Moving News and Views
22 Mar 2017 [/B] [I]02:30GMT[/I]
USD/JPY - 111.54.. Dlr remains on the back foot in choppy Tokyo trading after yesterday's cross-inspired selloff to 111.55 in New York, then to a fresh 3-1/2 month trough of 111.44 on stop hunting in Australia before bouncing briefly to 111.76/77 shortly after Tokyo open as bargain hunting by Japanese importers triggered minor short covering in the greenback.
However, price briefly dipped to 111.46/47 on news of possible firing of several missiles by North Korea.
Yesterday’s break of February’s 111.60 bodes ill for the buck as falling U.S. yields (benchmark 10-year yield fell from last week’s 2.629% to 2.416% yesterday, then 2.4103% today) together with broad-based weakness in Asian stocks should pressure price due to expected yen buying on risk aversion.
So selling the pair on recovery is the way to go. Offers are tipped at 111.80/90 with some stops above 113.00.
Some bids are noted at 111.55-45 and more below with stops touted below 111.00.
U.S. wlll release monthly home price and exisiting home sales later in the day and no more Fed speak for rest of the day after Fed’s Mester and Rosengren expressed their view a little while ago.
[B]Intra-Day Market Moving News and Views
24 Mar 2017[/B] [B]01:46GMT[/B]
USD/JPY - ...... Dlr pares yesterday's losses n climbs in early Asian trading as rebound from Thursday's fresh 4-month low at 110.63 suggests a temp. bottom is possibly in place and traders reported buying by Japanese names (importers) on bargain hunting, intra-day usd firmness in the other G3 signals consolidation with near term upside bias is in store.
Bids have been raised to 110.90-80 with some stops below 110.60.
Offers are tipped at 111.45/55 with stops above there.
Although market’s main focus is the vote outcome on Trump health care in New York afternoon, pay attention to release of a slew of U.S. data starting with key durable goods n Markit mfg and then services PMIs. Fed’s Evans, Yellen, Bullard and Dudley are scheduled to speak later today.
[B]Intra-Day Market Moving News and Views
27 Mar 2017 [/B][I]01:22GMT[/I]
USD/JPY - ...... Dlr languishes near intra-day fresh 4-month trough of 110.26 in early Tokyo trading.
Although the pair opened flat around 111.22 in New Z, a bout of broad-based USD selling sent price lower, tripping some stops below 110.50, however, as intra-day decline looks a wee bit over-extended, reckon ‘psychological’ 110.00 level would hold on 1st testing.
Intra-day selloff in the Nikkei (currently down 1.66% at 18943) plus continued decline in U.S. yields (benchmark 10-year yield is near 1-month low of 2.3670%) are likely to weigh on the greenback.
Offers have been lowered to 110.60/70 and more above with stops above 111.00. Bids are touted at 110.30-20 and more below with stops below 110.00.
U.S. calendar is very light with Dallas mfg. activity index being the only data due out at 15:30GMT. Chicago Fed Evans n ECB Chief Economist Praet will both be speaking at the same financial event in Madrid at 13:00GMT.
[B]Intra-Day Market Moving News and Views
28 Mar 2017 [/B] [I]02:00[/I]GMT
USD/JPY - 110.60.. The greenback finally gained respite in Asia after hitting a fresh 4-month trough of 110.11 at New York open yesterday, however, broad-based rebound in the USD after U.S. financial markets closed little changed triggered short covering, the pair rebounded to 110.68 and then climbing to intra-day high of 110.83 shortly after Tokyo open as the Nikkie gained over 1%.
Looks like Monday’s 110.11 low would hold from here and yield consolidation with mild upside bias, so for intra-day trade, buying dlr on dips is favoured after early currency comments by FinMin Ishihara (the first by a Japanese official in several weeks).
Bids are noted at 110.50-40 n more below with stops reported below 110.00.
Offers are tipped at 110.80/90 with some stops above 111.00.
A slew of U.S. eco. data will be released later in the day starting with good’s trade balance, wholesale inventories, Redbook retail sales, CaseShiller home price, consumer confidence and Richmond Fed manufacturing index.
Today is another Fed speak day starting with Kansas City Fed President George, Fed’s chair Yellen and Dallas Fed President Kaplan.
[B]Intra-Day Market Moving News and Views
30 Mar 2017[/B] [I]03:37GMT[/I]
USD/JPY - 111.32.. Dlr continued this week's ascent from Monday's fresh 4-month trough at 110.11 to 111.43 in Asian trading above penetrating yesterday's 111.32 high on renewed cross-selling in yen as well as continued broad-based USD strength vs G4 currencies.
Traders cited mildly hawkish comments by 3 Fed officials (Evans, Rosengren n Williams) in New York session Wenesday gave them reason to buy the greenback, yesterday’s rebound in U.S. treasury yields also supported the pair in New York trading.
Pay attention to release of a slew important U.S. eco. data later in the day starting with GDP , core PCE and weekly jobless claims, all due out at 12:30GMT.
Fedspeak continues today in the order of Fed’s Mester, Fed’s Kaplan, Fed’s Williams n Fed’s Dudley.
So USD may receive another shot in the arm if some of them suggests we may get 3 more rate hikes instead of 2 in 2017.
Bids have been raised to 11.10-00 n more below with stops below 110.70. Some offers are tipped at 111.45/55 with stops above 111.60, more stops are touted above 112.00.
[B]Intra-Day Market Moving News and Views
31 Mar 2017[/B] [I]03:08GMT[/I]
USD/JPY - ..... Dlr continues its recent winning streak and climbed above Thursday's 111.94 top to a 1-week high of 112.15 today after Tokyo open as renewed cross-selling in yen due partly to higher open in the Nikkie (N225 is currently up 117 points at 19,180), suggesting price set to make further gain due to broad-based USD strength plus rebound in U.S. yields (benchmark 10-year yield is at 2.4161%, up from Monday's low at 2.348%) after release of upbeat U.S. data this week.
Bids are noted at 111.80-70 and more below with stops below 111.50.
Some offers are tipped at 112.15/25 with stops above 111.30.
Pay attention to U.S. personal income, personal consumption expenditure, Chicago PMI and consumer confidence later in the day.
We also have Fed’s Kashkari and Bullard speaking during New York morning session.
[B]Intra-Day Market Moving News and Views
03 Apr 2017[/B] [I]03:06GMT[/I]
USD/JPY - 111.34… Dlr finally pares intra-day loss after falling from Friday’s 1-week high of 112.20 (Asia) to 110.13 in Asia after tripping light stops below Friday’s 111.25 low (New York) on renewed cross-buying in yen.
However, buying interest emerged n lifted the pair to 111.39/40.
Looks like a temp. low has been made and consolidation with mild upside bias is seen ahead of European open.
Bids are noted at 1112.25-15 and more below with stops reported below 110.90.
Offers are tipped at 111.45/55 with stops above there.
Today if PMU day, U.S. will kick off with Markit mfg PMI, then ISD-mfg PMI, and then construction spending.
Three Fed officials will be speaking later today, Fed Dudley at 14:30GMT (his 2 more rate hike forecasts in 2017 knocked dlr lower in New York on Friday, then Philly Fed President Harker (voter) at 19:00GMT.
At 22:00GMT (Tue’s Australian morning session), Richmond Fed President (non-voter) will speak in Lexington, Virginia.
[B]Intra-Day Market Moving News and Views
10 Apr 2017[/B] [I]02:01GMT[/I]
USD/JPY - 111.43.. Dlr extended Friday's rally in post-NFP after New York Fed Dudley's hawkish comments and climbed above Friday's 111.36 high to 111.58 after meeting renewed buying earlier at 111.02 in New Zealand.
As price has completely shrugged of Friday’s U.S. missile strike on Syria and downbeat U.S. payrolls (caused by severe snow storms) together with rising U.S. Treasury yields (currently 2.3876%, up from Friday’s close of 2.373%) and steady performance in the Nikkie (currently up 67 points at 18664), buying dlr on dips is favoured due to return of risk appetite on broad-based gain the the greenback.
Bids are noted at 112.20 and more at 111.00 with stops below there, offers are tipped at 111.70/75 with stops above 112.00.
After speaking on Bloomberg TV earlier, St. Louis Fed President James Bullard (non-voter in 2017 FOMC) will make a speech in Melbourne at 03:05GMT.
Later today, fed Chia Yellen will participate at a forum organised by University of Michigan at 20:10GMT.
[B]Intra-Day Market Moving News and Views
18 Apr 2017[/B] [I]04:26GMT[/I]
USD/JPY - ..... Dlr pares Monday's impressive gain from a 5-month low of 108.13 (Asia) to 109.05 in New York session after U.S. Treasury Secretary Mnuchin reiterated his view that a strong usd over the long term is positive for the U.S.
Short-term specs bot the greenback in Australia and price hit intra-day high of 109.22 at Tokyo open before retreating. Looks like a temp. top has been made n consolidation would continue until European open.
As the Nikkie is in positive territory and U.S. Treasury yields has rebounded in New York session yesterday after recent decline, intra-day upside bias remains for further gain later in the day.
Bids are noted at 108.90-70 with stops below 108.60, offers are tipped at 109.20/30 with stops above 109.40.
U.S. will release housing starts, building permits, Redbook retail sales, industrial production, capacity utilisation and manf. output later in the day. Kansas City Fed President Esther George (non voter) will speak at 13:00GMT.
[B]Intra-Day Market Moving News and Views
20 Apr 2017[/B] [I]02:18GMT[/I]
USD/JPY - 109.00.. The pair swung fairly wildly in Wednesday trading. Despite rising steadily from 108.38 (Australia) on continued cross-selling in yen in Asia on then dlr-supportive comments by U.S. Treasury Secretary Mnuchin during European morning and then gain to session highs of 109.18 in New York morning, price fell back to 108.69/70 in New York afternoon on cross unwinding in yen.
Today, dlr has ratcheted higher in Asia as modest gain in the Nikkie plus rebound in U.S. Treasury yields (benchmark 10-year yield has risen from Tuesday’s 5-month low of 2.165% to 2.214% today) have boosted risk appetite, suggesting choppy sideways swings with near term upside bias remains.
Bids are noted at 108.80-70 with some stops below there, more buying interest is reported at 108.40-30.
Offers are tipped at 109.15/25 with stops touted above 109.40.
U.S. will release weekly jobless claims, Philly Fed business survey n leading indicators. Fed governor Powell will speak at a financial forum at 12:00GMT.
[B]Intra-Day Market Moving News and Views
21 Apr 2017[/B] [I]01:05GMT[/I]
USD/JPY - ..... Dlr maintains a firm undertone after yesterday's cross-inspired rally from 108.72 (Europe) to 109.48 in New York n as intra-day weakness in eur/usd has led to broad-based usd strength, the pair may edge higher as o/n rally rally in the Dow ( DJI close up 174 points at 20578 ) and rebound in U.S. Treasury yields have boosted risk sentiment.
Bids are noted at 109.10-00 and more below with stops reported below 108.70.
Offers are tipped at 109.40/50 with stops above there.
However, more selling interest is noted at 109.80/90 with stops above 110.00.
U.S. will release Markey mfg and services PMIs and existing home sales later today.
G20 FinMins and central bank governors will start a 2-day meeting in Washington.
[B]Intra-Day Market Moving News and Views
25 Apr 2017[/B] [I]02:13GMT[/I]
USD/JPY - 109.98.. Although dlr met renewed selling at 110.34 at New York open and fell to session lows of 109.66 near Monday's close on cross-buying in yen despite broad-based rally in global stocks (Dow closed up 216 points at 20763) and some cited retreat in U.S. Treasury yields as possible reason.
The pair slipped to intra-day low of 109.60 ahead of Asian open (financial markets in New Zealand and Australia are closed for Anzac Day holiday) before rebounding to 110.08 in Asia, suggesting pullback from yesterday’s 1-week high at 110.61 (New Zealand) has made a low and range trading is in store.
As indicated in previous update, pay attention on breaking news of any military activities (missile testing) by North Korea as today is the 85th anniversary of the Korean People’s Army.
Bids are noted at 109.70-60 with stops below there, offers are tipped at 110.25/35 with stops above there.
U.S. will release of a slew of eco. data starting with Redbook retal sales, Caseshiller home price, consumer confidence, new home sales and Richmond Fed mfg index.
[B]Intra-Day Market Moving News and Views
26 Apr 2017[/B] [I]04:49GMT[/I]
USD/JPY - ..... Dlr stands tall in active trading in Asia on Wed following yesterday's spectacular rally from 109.60 n then break of Mon's 110.61 high to a 2-week peak of 111.19 in New York as broad-based rally in global stocks and rising U.S. Treasury yields had boosted risk appetite.
The pair initially dipped to 110.97 in Australia b4 rising again at Tokyo open, price climbed to 111.39 after tripping lights stops above 111.20 b4 retreating. Looks like range trading is in store until European open and with Asian bourses are all in the black n benchmark U.S. 10-year yield trading slightly above yesterday’s high (currently at 2.3376%), buying dlr on dips is the way to go.
Bids are noted at 111.00/110.90 n more below with stops below 110.60.
Offers are tipped at 111.30/40 n more above with stops reported above 111.60.
U.S. eco. calendar is pretty light today with MBA mortgage applications n building permits being the only data due out. Pay attention to White House briefing on N. Korea to the Senate at 19:00GMT.
[B]Intra-Day MarMoving News and Views
28 Apr 2017[/B] [I]02:40GMT[/I]
USD/JPY - .... Dlr has come under renewed selling pressure in early Asian trading as comments by U.S. Trump on Noeth Korea has stoked fear on the Korean Peninsula, prompting broad-based yen buying on risk aversion, the pair fell from 11.36 to 111.07.
As yesterday’s intra-day decline from 111.60 to 111.05 in New York morning due to falling U.S. yields suggests further choppy trading below Wednesday’s 3-week high at 111.77 would continue, selling dlr on recovery is still favoured.
Offers have been lowered to 11.30/40 and more above with stops above 111.80, some bids are noted at 111.05/110.95 with stops below 110.80.
Looking at the eco. calendar, you won’t think today is the last day of the month by the colossal no. of data from Japan, other G7 countries as well as the U.S.
Pay attention to important U.S. Q1 GDP, PCE, core PCE, Chicago PMI and University of Michigan consumer confidence. Sty. Louis Fed President Bullard (non-voter) will speak at 17:15GMT n then Philly Fed President Harker at 18:30GMT.
[B]Intra-Day MarMoving News and Views
02 May 2017 [/B][I] 03:00GMT[/I]
EUR/USD - 1.0911.. The single currency moves narrowly in subdued Asian trading on Tuesday as many traders are on the sideline after returning from yesterday's holiday following the mini roller-coaster moves in holiday-thinned Monday's session.
Today is PMI (mfg) day in the euro zone countries n traders may take cue from the data of whether to test euro’s upside or downside later in the day.
Offers are tipped at 1.0920/30 and more above with stops reported above 1.0955, bids are noted at 1.0885-80 with some stops below there, however, more buying interest is touted at 1.0860-50 with fairly large stops below 1.0850.
Italy will kick off by releasing April mfg PMI, then France, Germany, Italy’s unemployment rate, EU PMI and then unemployment. ECB board member Nouy will be speaking at 06:30GMT.
[B]Intra-Day Moving News and Views
05 May 2017[/B] [I]03:00GMT[/I]
USD/JPY - 112.60.. Dlr pares yesterday's losses in New York session after falling from a 7-week high of 113.05 to 112.33 in New York session. Although initial retreat was due to profit taking, release of weaker-than-expected U.S. factory goods orders which led to broad-based usd weakness accelerated intra-day decline.
Dlr’s intra-day rebound in holiday-thinned Asian trading (Japanese financial markets for closed for a 3 consecutive days for Golden Week holiday) suggests sideways swings above 112.33 would be seen.
However, offers are tipped at 112.70/75 and more above should cap upside. Initial bids are noted at 112.40-30 with stops below 112.25, more buying interest is reported above 112.00.
Despite forming a temp. top at 113.05, dlr may well make further gain if U.S. jobs report comes out stronger than street forecast. NFP is expected to show a an increase of 185K whilst monthly ave. earnings are expected to rise by 0.3%, if both numbers beat expectations, dlr may head towards 113.40/50 but if they disappoint, then brace for stronger downward correction in the dlr.
[B]Intra-Day Moving News and Views
08 May 2017[/B] [I]03:17GMT[/I]
USD/JPY - 112.75.. Despite initial rise to a fresh 7-week high of 113.10 due to rally in eur/yen which hit a 1-year high of 124.56 at NZ open, intra-day retreat in the euro resulted in a sharp retreat in the eur/yen (the cross pair tumbled to 123.40), dragging dlr to 112.60 along the way, suggesting recent cross-inspired upmove has made a temp. top and sideways trading is in store.
Having said that, intra-day rally in the Nikkei (N225 index currently up 1.8% or 350 points at 19,795) should boost risk appetite and renewed yen selling may well emerge in European morning, so buying on dips is still favoured.
Bids are noted at 112.60-50 with stops below there, more buying interest is noted at 112.20-10 with stops below 112.00.
Offers are tipped at 112.90/00 with stops above 113.10.
U.S. eco. calendar is empty today but 2 Fed officials will speak later in the day starting with St. Louis Fed President Bullard (non-voter) at 12:35GMT and then Cleveland Fed President Mester (also non-voter) at 12:45GMT.