Intra-day Market Moving News and Views
18 Jan 2016 01:28GMT
USD/JPY - ........ Although the greenback fell sharply in NZ to as low as 116.58, failure to penetrate last Friday's low at 116.51 triggered short-covering and price rebounded strongly to 117.13 in Tokyo morning as BoJ Governor Haruhiko Kuroda kept an upbeat view of the country's economy during his speech earlier.
Trading is going to be relatively thin today with U.S. markets closed for Martin Luther King's birthday holiday.
Some offers are seen at 117.20/30 and more above at 117.40/50 with stops building up above there whilst initial bids are noted at 116.60/70, suggesting choppy sideways trading would be seen.
Data to be released:
Japan tertiary industry index, industrial production, capacity utilization, U.K. house price index and Italy trade balance on Monday.
New Zealand business confidence, China GDP, industrial production, retail sales, Germany Harmonised index of consumer prices, CPI, Swiss producer and import prices, Euro zone current account, inflation, construction output, economic sentiment, U.K. retail price index, producer price index, consumer price index, house price, Germany current condition, economic sentiment, U.S. housing market index, net long-term TIC flows, overall net capital flows and foreign buying T-bonds on Tuesday.
New Zealand CPI, Germany producer price index, U.K. unemployment rate, average earnings, claimant change, Swiss investor sentiment, U.S. mortgage application, CPI, building permits, housing start, Redbook, Canada manufacturing sales, wholesale trade and BoC rate decision on Wednesday.
New Zealand manufacturing PMI, Japan all industry activity index, France business climate, U.K. housing survey, Euro zone interest rate decision, consumer confidence, U.S. initial jobless claims and Philadelphia Fed survey on Thursday.
Australia Westpac consumer confidence index, Japan manufacturing PMI flash, China business sentiment indicator, France manufacturing PMI flash, Service PMI flash, Germany manufacturing PMI flash, Service PMI flash, Euro zone manufacturing PMI flash, Service PMI flash, U.K. retail sales, public sector net borrowing, U.S. Chicago Fed national activity index, manufacturing PMI, existing home sales, CB leading indicator, Canada CPI and retail sales on Friday.
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