Intra-Day Market Moving News and Views
20 Jun 2017 02:17GMT
USD/JPY - 111.63.. Dlr pares initial gain after climbing abv o/n New York top at 111.60 to a 3-week high of 111.78 after initial mildly hawkish comments by Chicago Fed President Evans (see early updates for details), suggesting range trading is in store until European open.
Having said that, Mon's gain in U.S. stocks where the Dow is within a hair's breadth of its record high at 21,392 n S&P 500 hitting a record high of 2,453 together with intra-day 1.2% gain in the Nikkie (currently at 20,302) plus Monday's gain in U.S. Treasury yields shud boost risk appetite n set the stage for further dlr gain after consolidation, so buying on dips is still recommended but beware of profit taking near previous daily res at 112.13.
Bids are noted at 111.50-40 with stops below 111.20, more buying interest is reported to 111.00/110.90 with stops below 110.60.
Although U.S. eco. calendar is light with current account n Redbook retail sales being the only data due out, we have 'many' Fed officials scheduled to deliver speeches in various countries n different times during the day.
We just had speech by Fed's Evans, pls refer to our Economic Indicators page for times of their speeches.
Next to speak are Fed's Vice Chairman Fischer n Boston Fed President Rosengren who will both be delivering a speech to Amsterdam conference during European morning.
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