Intra-day Market Moving News and Views
16 Nov 2015 01:29GMT
USD/JPY - ........ Despite the greenback's rise to session high at 122.99 in New York afternoon on Friday, price retreated sharply to around 122.60 near New York close.
Dlr opened significantly lower in New Zealand today and dropped to intra-day low at 122.21 on broad-based buying of yen on risk aversion, following Friday's Paris attacks.
However, the pair pared its losses and staged a strong short-covering rebound to 122.61 on speculation that the BoJ will announce new easing measures after data showed Japan's economy slid back into recession in July-September.
Offers have now been raised to 122.60/70 and more above at 122.80/90 with stops building up above there whilst initial bids are seen at 121.90/00, suggesting initial upside would be seen but traders should look to sell on pullback for subsequent weakness.
Data to be released:
New Zealand retail sales, U.K. Rightmove house price index, Japan GDP, euro zone inflation, U.S. NY empire state manufacturing index, and Canada manufacturing sales on Monday.
Australia RBA meeting minutes, New Zealand inflation expectation, Italy trade balance, U.K. CPI, PPI, RPI, Germany ZEW reports, euro zone ZEW economic sentiment, U.S. CPI, Redbook, capacity utilization, industrial output and NAHB housing market index, net L-T Flows, net capital flows on Tuesday.
Australia wage price index, China house prices, Swiss investor sentiment, Canada housing starts, U.S. building permit and housing start, FOMC minutes Wednesday.
New Zealand producer prices, PPI output, Japan export import trade balance, BoJ rate decision and press conference, industry activity index, Swiss trade balance, export, import, EU current account, U.K. retail sales, CBI trends, U.S. jobless claims, Philly Fed Business index, leading index and Canada wholesale trade on Thursday.
Japan BoJ economic survey, Germany producer prices, U.K. public sector net borrowing, Canada CPI and EU consumer confidence flash 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
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.