Intra-day Market Moving News and Views
13 Nov 2015 01:50GMT
USD/JPY - ...... Dlr finally pares initial loss after extending yesterday's decline caused by broad-based weakness in the greenback in New York session to 122.55 near Thursday's close and hit a marginal low of 122.50 as the Nikkie lower following o/n weakness in the Dow, however, traders bought the pair when the N225 index staged a recovery.
Looks like a minor low has been made and sideways trading is in store in Asia morning but offers at 123.00/10 area should cap intra-day rebound, suggesting selling the dlr on further recovery is recommended.
Bids are noted at 122.55/50 with stops now touted below there, however, more buying interest is reported near 122.35-30.
Pay attention to key U.S. retail sales later today, market is looking for Oct monthly retail sales to come in at 0.3% vs previous reading of 0.1%. A robust number wud trigger another bout of usd buying whilst a disappointed figure shud meet renewed renewed selling.
Data to be released on Friday:
Japan capacity untilisation index change, industrial output, France GDP preliminary, non-farm payrolls, Germany GDP flash, Swiss producer import price, Italy GDP Prelim, consumer prices, CPI, euro zone trade data, GDP flash, and U.S. retail sales, PPI and business inventories.
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
GBP/USD bulls retain control near 1.3300 mark, highest since March 2022
The GBP/USD pair trades with a positive bias for the third straight day on Friday and hovers around the 1.3300 mark during the Asian session, just below its highest level since March 2022 touched the previous day.
USD/JPY pops and drops on BoJ's expected hold
USD/JPY reverses a knee-jerk spike to 142.80 and returns to the red below 142.50 after the Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, as widely expected. Governor Ueda's press conference is next in focus.
Gold consolidates weekly gains, with sight on $2,600 and beyond
Gold price is looking to build on the previous day’s rebound early Friday, consolidating weekly gains amid the overnight weakness in the US Dollar alongside the US Treasury bond yields. Traders now await the speeches from US Federal Reserve monetary policymakers for fresh hints on the central bank’s path forward on interest rates.
Shiba Inu is poised for a rally as price action and on-chain metrics signal bullish momentum
Shiba Inu remains strong on Friday after breaking above a symmetrical triangle pattern on Thursday. This breakout signals bullish momentum, further bolstered by a rise in daily new transactions that suggests a potential rally in the coming days.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.