Intra-Day Market Moving News and Views USD/JPY EUR/USD
17 Apr 2014 09:12GMT
Japan gov't official says 'BoJ Kuroda told meeting that BoJ will continue with monetary easing to support private demand-led econ recovery.'
In stark contrast to y'day's firmness in Europe due to the rally in Nikkei, dlr trades with a soft undertone in European morning as early broad-based cross unwinding in yen knocked the pair lower to 101.86 in Asia n present weakness in the Nikkei futures suggests dlr wud remain under pressure until NY open.
Offers are noted at 102.00/10 with 1st layer of stops abv 102.20, however, more selling interest is tipped at 102.30/40. On the downside, a mixture of buying interest n stops is reported at 101.85/80, so selling dlr on recovery is favoured.
Japan Vice EconMin Nishimura says 'economy remains on firm footing after sales tax hike; impact of sales tax within expectation, seen as temporary; expecting Japan economy to steadily recovery toward beating deflation.'
17 Apr 2014 09:11GMT
EUR/USD - 1.3849.. Euro rises again in Europe following initial cable-led strg rebound in Asia. Despite trading narrowly at European open, traders cited buying interest abv 1.3835 n stops abv y'day's 1.3851 high are now in focus. However, there is talk of fairly large offers at 1.3860/70 area, so unless euro can absorb these offers, do not get overly bullish as price may well do a u-turn after a test on the upside fails.
Since today is the last trading day of the week in Europe, position adjustments may have a strg influence on near term price swings in European morning session. Market awaits release of U.S. weekly jobless claims later in the day at 12:30GMT.
17 Apr 2014 09:12GMT
Japan gov't official says 'BoJ Kuroda told meeting that BoJ will continue with monetary easing to support private demand-led econ recovery.'
In stark contrast to y'day's firmness in Europe due to the rally in Nikkei, dlr trades with a soft undertone in European morning as early broad-based cross unwinding in yen knocked the pair lower to 101.86 in Asia n present weakness in the Nikkei futures suggests dlr wud remain under pressure until NY open.
Offers are noted at 102.00/10 with 1st layer of stops abv 102.20, however, more selling interest is tipped at 102.30/40. On the downside, a mixture of buying interest n stops is reported at 101.85/80, so selling dlr on recovery is favoured.
Japan Vice EconMin Nishimura says 'economy remains on firm footing after sales tax hike; impact of sales tax within expectation, seen as temporary; expecting Japan economy to steadily recovery toward beating deflation.'
17 Apr 2014 09:11GMT
EUR/USD - 1.3849.. Euro rises again in Europe following initial cable-led strg rebound in Asia. Despite trading narrowly at European open, traders cited buying interest abv 1.3835 n stops abv y'day's 1.3851 high are now in focus. However, there is talk of fairly large offers at 1.3860/70 area, so unless euro can absorb these offers, do not get overly bullish as price may well do a u-turn after a test on the upside fails.
Since today is the last trading day of the week in Europe, position adjustments may have a strg influence on near term price swings in European morning session. Market awaits release of U.S. weekly jobless claims later in the day at 12:30GMT.
Recommended Content
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.