Intra-Day Market Moving News and Views
29 Apr 2016 01:12GMT
USD/JPY - ...... Although dlr stabilized in o/n New York after falling the most in 5-year from 111.88 (Asia) to as low as 108.88 due to surprised BoJ's unchanged monetary policy decision, price had fallen again after meeting renewed selling at 108.20 ahead of Asian open and weakened to 107.75 in Tokyo morning.
Today's focus for the greenback will be on the release of a slew of U.S. data in New York session, these include Personal Consumption, Personal Income, PCE, Employment Cost, Chicago PMI, and University of Michigan Consumer Sentiment. Later, Federal Reserve Bank of San Francisco President John Williams will give a panel presentation on 'Systemic Risk - Inevitable or Preventable?' before the Milken Institute 2016 Global Conference at 21:30GMT.
At present, stops below April's 17-month trough at 107.63 are now in focus.
However, bids from various accounts are tipped at 107.50-30 region with mixture of bids and stops at 107.20-00.
On the upside, offers are noted at 108.00-10 and then 108.20-30 with stops above 108.50.
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 rises toward 1.0800 on USD weakness
EUR/USD trades in positive territory above 1.0750 in the second half of the day on Monday. The US Dollar struggles to find demand as investors reassess the Fed's rate outlook following Friday's disappointing labor market data.
GBP/USD closes in on 1.2600 as risk mood improves
Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the improvement seen in risk mood make it difficult for the US Dollar to gather strength.
Gold gathers bullish momentum, climbs above $2,320
Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.
Addressing the crypto investor dilemma: To invest or not? Premium
Bitcoin price trades around $63,000 with no directional bias. The consolidation has pushed crypto investors into a state of uncertainty. Investors can expect a bullish directional bias above $70,000 and a bearish one below $50,000.
Three fundamentals for the week: Two central bank decisions and one sensitive US Premium
The Reserve Bank of Australia is set to strike a more hawkish tone, reversing its dovish shift. Policymakers at the Bank of England may open the door to a rate cut in June.