Intra-Day Market Moving News and Views
Update Time: 25 Jun 2019 03:00GMT
USD/JPY - 107.14.. Despite staging a rebound from yesterday's 107.25 low (Europe) to 107.53 in New York morning due to cross-selling of yen, the pair fell shortly after Tokyo open on Tuesday as traders bought the safe-haven yen broadly vs usd, eur, sterling and aud etc, price fell to 107.09.
Intra-day weakness due to renewed usd's decline in Asia suggests re-test of Friday's 5-1/2 month trough at 107.06 would be forthcoming next and stops below 107.00 are in focus, therefore, sell dlr on recovery is the way to go.
Offers have been lowered to 107.35/40 and more above with stops above 107.85.
Bids are noted at 107.10-05 with stops below 107.00.
The U.S. will release a slew of eco. data later today starting with U.S. building permits, Redbook, monthly home price, CS home price, consumer confidence, new home sales, Richmond Fed manufacturing index.
Also we have New York Fed's Williams speaking at 12:45GMT, then followed by Atlanta Fed's Bostic at 14:00GMT and last but not least, Fed's Chairman J. Powell will speak at forum in New York called "A Conversation with Jerome H. Powell," at 17:00 GMT.
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
AUD/USD recovers further toward 0.6800 on risk-recovery
AUD/USD extends recovery toward 0.6800 in Asian trading on Thursday, despite mixed Australian employment data. The Aussie cheers a return of risk appetite, which weighs on the post-Fed US Dollar recovery. All eyes now remain on US economic data for fresh impetus.
USD.JPY reverses sharply from 144.00, as US Dollar recovery fizzles
USD/JPY is attacking 143.00 in Thursday's Asian session, reversing sharply from 144.00. The pair pares back gains in tandem with the US Dollar, as the latter's post-Fed recovery falters due to a rebound in risk sentiment. The focus is next on the US data due later today and Friday's BoJ decision.
Gold price regains positive traction amid a modest USD pullback from one-week high
Gold price attracts some dip-buying during the Asian session on Thursday and seems to have stalled its retracement slide from the $2,600 mark, or a fresh all-time peak touched the previous day. The US dollar trims a part of its intraday gains to a one-week high, which turns out to be a key factor lending support to the commodity.
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut
Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.