Intra-Day Market Moving News and Views
11 Sept 2018 03:00GMT
USD/JPY - 111.39.. Despite intra-day sideways swings in Mon's trading, the pair climbed at Tokyo open on broad-based selling of yen as yesterday's rally in eur/chf cross has boosted risk sentiment, the pair rose to 111.48 after tripping stops above 111.25.
Today break above last Friday's NFP-high at 111.25 suggests upmove from 110.38 has once again resumed and price is en route to 111.83 chart obj. after consolidation, therefore, trading the greenback from long side is recommended n stops above 111.85 are in focus.
Bids have been raised to 111.30-25 with stops below 111.10 whilst some offers are tipped at 111.50/60.
On the data front, U.S. will release some 2nd-tier data starting with Redbook sales, JOLTS job openings and wholesale inventories.
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 clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.