fxsoriginal    Intra-Day Market Moving News and Views
Update Time: 15 Aug 2019 03:00GMT

USD/JPY - 105.87.. Dollar gains respite in relatively subdued Asian morning after yesterday's selloff from 106.77 (AUS) to as low as 105.66 in New York on active safe-haven yen buying due to inversion of U.S. yield curve as yields on 10-year U.S. Treasury notes dropped below the two-year yield for the first time since 2007, stoking investor's fears a recession will be forthcoming soon. 

Although the decline from 106.97 (Tue) to 105.66 signals dlr's 1st leg of correction from Monday's 30-month trough at 105.06 has ended, near term o/sold condition should prevent steep fall, reckon 105.60-50 would contain weakness and bring rebound later today.
For now, bids are noted at 105.70-60 with stops below 105.50 whilst offers are tipped at 106.00/10 with stops touted above 106.30. 

Apart from watching intra-day U.S. yields, pay attention to U.S. data dump later today starting with July retail sales, New York Fed mfg index, Philly Fed mfg survey, weekly jobless claims, labor cost, nonfarm productivity, industrial production, capacity utilization, mfg output, bus. inventories and NAHB market index. 

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD trades around 1.1100 amid the Italian crisis, ahead of Fed minutes

EUR/USD is trading around 1.1100, in familiar ranges. Italian President Mattarella will explore if a new government can be formed after PM Conte resigned. The FOMC Minutes are eyed later in the day.

EUR/USD News

GBP/USD leans lower ahead of the Johnson-Merkel meeting

GBP/USD is trading below 1.2150, losing some ground. UK PM Johnson will meet German Chancellor Merkel in Berlin after the latter called for finding practical solutions on the Irish backstop.

GBP/USD News

USD/JPY: Bulls re-take 106.50 amid higher S&P futures, Treasury yields

Following a temporary reversal seen on Tuesday, the USD/JPY pair resumes the bullish momentum in Wednesday's Asian trading and regains the 106.50 level, tracking the gains in the US Treasury yields and S&P 500 futures. 

USD/JPY News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Critical technical levels cryptos need to overcome after the summer slide

Late August is vacation time in the northern hemisphere – and cryptocurrency bulls may be at the beach as well. Tuesday's slide in prices lacks clear triggers and perhaps shows some fatigue or profit-taking.

Read more

Gold slips below $1500 mark amid improving risk sentiment

Gold edged lower through the early European session on Wednesday and is currently placed at the lower end of its weekly trading range, just below the key $1500 psychological mark.

Gold News

Majors

Cryptocurrencies

Signatures