Intra-Day Market Moving News and Views
26 Mar 2015 08:42GMT
USD/JPY - ....... Dlr remained under pressure in Asia n ratcheted lower from Aust.'s high of 119.57, price easily penetrated Tuesday's fresh near 1-month low at 119.22 due to broad-based buying in yen on risk aversion n dlr tumbled to as low as 118.33 in European morning before staging a recovery, helped by 'hawkish' comments from Fed's Bullard (see our previous MMN).
At the moment, offers are noted at 118.70-80 n around 119.00 with mixture of offers and stops emerging above 119.20.
On the downside, bids from profit-taking are touted at 118.30-20 and then 118.10/05 with rumours of buying interest from model funds placed at 118.00-117.80 region.
Recommended Content
Editors’ Picks
Fed statement language and QT strategy could drive USD action – LIVE
The US Federal Reserve is set to leave the policy rate unchanged after April 30 - May 1 policy meeting. Possible changes to the statement language and quantitative tightening strategy could impact the USD's valuation.
EUR/USD stays below 1.0700 as focus shifts to Fed policy decisions
EUR/USD stays in its daily range below 1.0700 following the mixed macroeconomic data releases from the US. Private sector rose more than expected in April, while the ISM Manufacturing PMI fell below 50. Fed will announce monetary policy decisions next.
GBP/USD holds steady below 1.2500 ahead of Fed
GBP/USD is off the lows but stays flatlined below 1.2500 on Wednesday. The US Dollar stays resilient against its rivals despite mixed data releases and doesn't allow the pair to stage a rebound ahead of the Fed's policy decisions.
Gold rebounds above $2,300 after US data, eyes on Fed policy decision
Gold gained traction and recovered above $2,300 in the American session on Wednesday. The benchmark 10-year US Treasury bond yield turned negative on the day after US data, helping XAU/USD push higher ahead of Fed policy announcements.
A new stage of Bitcoin's decline
Bitcoin's closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level.