Intra-Day Market Moving News and Views
28 Jul 2014 09:07GMT
USD/JPY - ... Despite dlr's retreat vs other major currencies in Europe, renewed yen-selling due to intra-day rise in the Nikkei to a fresh 6-month high lifted the pair fm 101.75 (Asian low) to 101.91.
Some stops abv Fri's 101.94 high are now in focus, more offers are tipped at 101.10/20 shud check intra-day gain. On the downside, bids are reported at 101.75/70 with stops below there, suggesting buying dlr on dips for intra-day trade is still favoured.
Looks like range trading below Fri's 2-week high at 101.94 wud continue until the release of of a slew of U.S. data with Markit U.S. Jul services PMI at 13:45GMT (forecast is 59.8 vs prev. reading of 61.0) followed by U.S. Jun pending home sales at 14:00GMT. Then at 14:30, we have the Dallas Fed manufacturing business index.
28 Jul 2014 02:43GMT
The greenback continues to trade with a soft bias in Tokyo this morning after cross-inspired retreat fm Fri's 2-week peak at 101.94 to 101.72 in NY as weekend's events in Russia-Ukraine n Middle East boosted yen demand at Tokyo open (eur/yen weakened 1 tick below Fri's 136.65 low). Expect range trading to continue in Asia until European open, however, as the N225 index has shrugged off initial loss after Fri's decline in the Dow n has climbed to a fresh 6-month peak of 15.556, suggesting buying on dips is favoured. Later today, investors shud pay attention to the release of Markit service PMI for U.S. n U.S. pending home sales data due at 13:45GMT n 14:00GMT respectively. At the moment, offers are noted at 101.90-00 n around 102.10 with stops emerging abv 102.30. On the downside, bids are placed at 101.50-40 n then 101.30/25 with stops located below 101.20.
28 Jul 2014 09:07GMT
USD/JPY - ... Despite dlr's retreat vs other major currencies in Europe, renewed yen-selling due to intra-day rise in the Nikkei to a fresh 6-month high lifted the pair fm 101.75 (Asian low) to 101.91.
Some stops abv Fri's 101.94 high are now in focus, more offers are tipped at 101.10/20 shud check intra-day gain. On the downside, bids are reported at 101.75/70 with stops below there, suggesting buying dlr on dips for intra-day trade is still favoured.
Looks like range trading below Fri's 2-week high at 101.94 wud continue until the release of of a slew of U.S. data with Markit U.S. Jul services PMI at 13:45GMT (forecast is 59.8 vs prev. reading of 61.0) followed by U.S. Jun pending home sales at 14:00GMT. Then at 14:30, we have the Dallas Fed manufacturing business index.
28 Jul 2014 02:43GMT
The greenback continues to trade with a soft bias in Tokyo this morning after cross-inspired retreat fm Fri's 2-week peak at 101.94 to 101.72 in NY as weekend's events in Russia-Ukraine n Middle East boosted yen demand at Tokyo open (eur/yen weakened 1 tick below Fri's 136.65 low). Expect range trading to continue in Asia until European open, however, as the N225 index has shrugged off initial loss after Fri's decline in the Dow n has climbed to a fresh 6-month peak of 15.556, suggesting buying on dips is favoured. Later today, investors shud pay attention to the release of Markit service PMI for U.S. n U.S. pending home sales data due at 13:45GMT n 14:00GMT respectively. At the moment, offers are noted at 101.90-00 n around 102.10 with stops emerging abv 102.30. On the downside, bids are placed at 101.50-40 n then 101.30/25 with stops located below 101.20.
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