Intra-day Market Moving News and Views
30 Nov 2015 01:50GMT
USD/JPY - ...... Despite usd's broad-based renewed strength in Asia on Monday, the pair trades narrowly below Friday's New York high at 122.88 due to intra-day cross buying in yen, suggesting range trading inside near term choppy broad range of 122.26-122.94 wud continue.
As U.S. markets will resume as normal after last Thursday's Thanksgiving Day long weekend holiday, traders will pay attention to release of a slew of U.S. data later today, these are Chicago Nov PMI, Oct pending home sales and Dallas Fed Nov mfg business index.
Offers are noted at 122.85/95 with stops reported above 123.00, however, more selling interest is at 123.20/25.
Some bids are noted at 122.60-50 and more below with fairly large stops below 123.20.
Data to be released:
Japan industrial production, retail sales, construction orders, housing start, New Zealand business outlook, Australia new home sales, business inventories, housing credit, Swiss KOF indicator, U.K. mortgage approvals, Italy CPI, producer price, consumer price, Germany CPI, HICP, Canada current account, U.S. Chicago PMI, pending homes index, pending sales change and Fed mfg bus index on Monday.
New Zealand terms of trade, Australia manufacturing index, building approvals, private house approvals, current account, net export, Japan business Capex, mfg PMI, China mfg PMI, non-mfg PMI, Swiss GDP, retail sales, mfg PMI, Italy mfg PMI, unemployment rate, GDP, France mfg PMI, Germany mfg PMI, unemployment rate, EU unemployment rate, mfg PMI, U.K. mfg PMI, Canada GDP, mfg PMI, U.S. Redbook, mfg PMI, construction spending, services revenues and service sector outlook on Tuesday.
Australia GDP, U.K. construction PMI, EU inflation, producer prices, U.S. purchase index, national employment, labour cost, productivity, New York Index and Canada rate decision on Wednesday.
Australia service index, exports, imports, trade balance, China service PMI, France unemployment rate and service PMI, Italy service PMI, Germany service PMI, EU service PMI, retail sales, refinancing rate, U.K. service PMI, U.S. initial jobless claims, mfg PMI, non-defense capital ex-air, durable goods and factory orders on Thursday.
Australia retail sales, Japan consumer confidence, Germany industrial orders, Swiss CPI, Canada labour productivity, participation rate, unemployment rate, employment change, trade balance, exports, imports, Ivey PMI, U.S. non-farm payrolls, average earning, international trade, and unemployment rate on Friday.
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