Intra-day Market Moving News and Views
02 Nov 2015 01:05GMT
USD/JPY - ........ Despite intra-day gap-down open to 120.32 in New Zealand due to the release of weak Chinese data over the weekend, failure to penetrate Friday's low at 120.28 triggered short-covering and price rebounded to 120.58 ahead of Tokyo open.
However, dlr met renewed selling interest there as the Nikkei-225 index tumbled in early trade (currently down by close to 300 points) and continues to remain under pressure.
Pay attention to the release of ISM manufacturing PMI at 15:00GMT. Street forecast is for a slight drop to 50.0 from previous reading of 50.2.
Offers are now seen at 120.50/60 and more above at 120.70/80 with stops building up above there whilst initial bids are noted at 120.00/10, suggesting mild downside bias would be seen in Asian session.
Data to be released :
Australia AIG manufacturing index, building approvals, private house approvals, Japan Nikkei manufacturing PMI, China Caixin manufacturing PMI, Switzerland retail sales, Markit manufacturing PMI for Italy, Germany, euro zone and UK, Canada RBC manufacturing PMI, U.S. ISM manufacturing PMI on Monday.
Australia RBA cash rate decision, RBA rate statement, UK Markit/CIPS consutruction PMI, U.S. Redbook, durable goods revised, factory orders on Tuesday.
New Zealand HLFS jobs reports, labour cost index, Australia AIG service index, trade balance, exports, imports, retails sales, UK BRC shop price index, China Caixin service PMI, Japan consumer confidence, Markit service PMI for Italy, France, Germany, euro zone and UK, euro zone producer price, U.S. ADP national employment, internation trade, Markit service PMI, ISM non-manufacturing PMI, and Canada trade reports on Wednesday.
Japan BoJ monetary policy meeting minutes, Switzerland consumer confidence, CPI, Germany industrial orders, euro zone retail sales, U.K. BoE MPC vote outcome, BoE rate decision, U.S. initial jobless claims, and Canada Ivey PMI on Thursday.
Australia AIG construction index, Japan leading indicator, Germany industrial output, France budget balance, trade reports, U.K. Halifax house price, industrial output, manufacturing output, trade balance, U.S. non-farm payrolls, unemployment rate, average earnings, and Canada building permits, employment change, unemployment rate on Friday.
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