Intra-day Market Moving News and Views
12 Oct 2015 00:52GMT
USD/JPY - ...... The greenback opened slightly lower to 120.16 in NZ before rebounding to 120.26 in Australia, however, renewed selling emerged over there and pressured the pair lower to 120.09 in thing trading conditions at Asian open as Japanese markets remain closed for Sports-day holiday.
Despite increasing pressure from the government, BoJ's Governor Haruhiko Kuroda reiterated that he sees no urgent need for further easing right now. Reuters reported, at a press conference in Lima, he said 'many advanced nations have a price target of 2 percent and it's true actual inflation is below that level. But most of this is due to declines in oil and commodity prices; I don't think there's a need to rush into action at this point.'
Trading is expected to be thin with some bids seen at 119.90/00 and more below at 119.70/80 with stops building up below there whilst initial offers are noted at 120.50/60, suggesting choppy trading would be seen till European open.
Data to be released this week:
France current account on Monday. Market holiday in Japan and Canada.
Australia NAB business conditions, NAB business confidence, China trade reports, Japan consumer confidence, Germany CPI, HICP and ZEW reports, Switzerland producer/import price, U.K. BRC retail sales, CPI, PPI and RPI, U.S. Redbook and Fed budget on Tuesday.
Japan CGPI, China CPI and PPI, France CPI, Italy CPI, UK average earnings, claimant count unemployment change, ILO unemployment, euro zone industrial production, Switzerland ZEW investor sentiment, U.S. retail sales and business inventories on Wednesday.
New Zealand manufacturing PMI, Australia employment change, full-time employment and unemployment rate, Japan industrial output, capacity utilization, U.S. real weekly earnings, NY Fed manufacturing, CPI and Philly Fed business index on Thursday.
New Zealand CPI, Italy trade balance, euro zone trade balance, inflation reports, Canada manufacturing sales, U.S. capacity utilization, industrial output, net long-term flows on Friday.
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.
Recommended Content
Editors’ Picks
USD/JPY holds near 155.50 after Tokyo CPI inflation eases more than expected
USD/JPY is trading tightly just below the 156.00 handle, hugging multi-year highs as the Yen continues to deflate. The pair is trading into 30-plus year highs, and bullish momentum is targeting all-time record bids beyond 160.00, a price level the pair hasn’t reached since 1990.
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
Ethereum could remain inside key range as Consensys sues SEC over ETH security status
Ethereum appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the US SEC and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.