Intra-Day Market Moving News and Views
19 Dec 2014 01:57GMT
USD/JPY - ....... Despite Thursday's brief but strong retreat from 119.01 (Tokyo) to 118.26 in European morning on profit-taking, renewed buying quickly emerged n the pair rallied to an intra-day high of 119.36 due to the rally in global stock markets b4 retreating to 118.58.
Bids are now reported at 118.80, 118.60 and further out at 118.40-30. On the upside, some offers are tipped at 119.10-20 and 119.40.
Trading is relatively thin in Asia today as investors are waiting for BOJ rate decision and the press conference by BOJ's governor Kuroda later today.
Statement from Japan's FINMIN Aso, quote:
'expects Russian gov't will prevent rouble falls fm leading to turmoil seen in 1998;
oil prices are falling but still at high levels.'
Statement from Japan's ECONMIN Akira Amari, quote:
-weak yen has benefited exporters but high import costs have hurt household;
-falling oil prices a positive for economy but make sure we escape deflation.
Friday will see the release of New Zealand's NBNZ Business Outlook, Japan leading economic index, BoJ rate decision, BoJ monetary policy statement and BoJ Governor Kuroda's press conference, Germany's Gfk Consumer confidence, Gfk Consumer Sentiment, Producer Prices, France's Business Climate, Eurozone's Current Accounts, Italy's Industrial Sales, U.K.'s Gfk Consumer Confidence, PSNCR, PSNB, CBI Distributive Trades, Canada's CPI and Retail Sales.
Recommended Content
Editors’ Picks
EUR/USD rises toward 1.0700 after Germany and EU PMI data
EUR/USD gains traction and rises toward 1.0700 in the European session on Monday. HCOB Composite PMI data from Germany and the Eurozone came in better than expected, providing a boost to the Euro. Focus shifts US PMI readings.
GBP/USD regains 1.2350 ahead of UK PMIs
GBP/USD is recovering ground above 1.2350 in the European session, as the US Dollar comes under fresh selling pressure on improving risk sentiment. The further upside in the pair could be capped, as traders await the UK PMI reports for fresh trading impetus.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
Gold price (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark heading into the European session.
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin price.
US S&P Global PMIs Preview: Economic expansion set to keep momentum in April
S&P Global Manufacturing PMI and Services PMI are both expected to come in at 52 in April’s flash estimate, highlighting an ongoing expansion in the private sector’s economic activity.