Intra-day Market Moving News and Views
05 Oct 2015 01:04GMT
USD/JPY - ...... The greenback has stabilisied around 120 mark in early trading on Monday after Fri's volatile trading, following the release of disappointing U.S. jobs report. Dlr remains well bid and found support at 119.88 in Australia and gained to 120.10 in Asian morning, due partly to the 200+ points rally in the Nikkei-225 index.
Pay attention to the release of U.S. ISM non-manufacturing PMI at 14:00GMT. Street forecast is for a decrease to 58.0 from previous reading of 59.0.
Bids are now seen at 119.70/80 and more below at 119.50/60 with stops building up below there whilst initial offers are noted at 120.40/50, suggesting buying on dips for near term gain is favored.
Some news worth noting, Reuters reported, New York Fed President William Dudley, at a conference in Boston on Saturday, said U.S. is a long way from putting in place rules that will protect the financial system and the economy from broad risks, due in part to regulatory structure and to the difficulties of predicting the next crisis.
He added 'while the use of macroprudential tools holds promise, we are a long way from being able to successfully use such tools in the U.S.'
05 Oct 2015 01:04GMT
USD/JPY - ...... The greenback has stabilisied around 120 mark in early trading on Monday after Fri's volatile trading, following the release of disappointing U.S. jobs report. Dlr remains well bid and found support at 119.88 in Australia and gained to 120.10 in Asian morning, due partly to the 200+ points rally in the Nikkei-225 index.
Pay attention to the release of U.S. ISM non-manufacturing PMI at 14:00GMT. Street forecast is for a decrease to 58.0 from previous reading of 59.0.
Bids are now seen at 119.70/80 and more below at 119.50/60 with stops building up below there whilst initial offers are noted at 120.40/50, suggesting buying on dips for near term gain is favored.
Some news worth noting, Reuters reported, New York Fed President William Dudley, at a conference in Boston on Saturday, said U.S. is a long way from putting in place rules that will protect the financial system and the economy from broad risks, due in part to regulatory structure and to the difficulties of predicting the next crisis.
He added 'while the use of macroprudential tools holds promise, we are a long way from being able to successfully use such tools in the U.S.'
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