Intra-Day Market Moving News and Views
06 Oct 2015 00:40GMT
USD/JPY - ...... The greenback opened slightly higher in New Zealand yesterday and continued to trade with a firm bias throughout Australia and Asia. Dlr gained to 120.31 in European morning and ratcheted higher to session high at 120.55 in New York afternoon, helped by the rise in U.S. equities.
Price is trading with a firm undertone in Tokyo morning as Nikkei-225 is currently up by 300+ points.
There is no major eco. data to be released from U.S. today, however, investors should keep an eye on headlines from Fed William's speech at 21:00GMT. Though it is safe to assume the Fed won't raise rates anytime soon, in light of recent disappointing jobs report, the central banker should drop hints on if the Fed can raise rates before the end of the year.
Bids are now seen at 120.10/20 and more below at 119.80/90 with stops building up below there whilst initial offers are noted at 120.70/80, suggesting buying on dips is favored.
Data to be released on Tuesday:
New Zealand business confidence, Australia Westpac consumer confidence, imports, exports and trade balance, RBA rate decision and statement, Germany factory orders, U.K. Halifax house prices, Switzerland CPI, U.S. trade balance, Redbook, and Canada trade reports.
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