Intra-Day Market Moving News and Views
Update Time: 14 Nov 2019 04:20GMT
USD/JPY - 108.77... The greenback gains some respite after yesterday's selloff on risk-averse buying in jpy. Despite rebounding to 109.14 in Europe yesterday, price dropped to 108.67 in New York morning on falling U.S. yields, then marginally lower to 108.66 in New York afternoon on WSJ report that US-China trade talks have "hit a snag". The pair then recovered to 108.86 in Tokyo morning today before retreating on soft China data.
Dollar's re-test of previous support at 108.66 yesterday suggests suggests decline from November's 5-month peak at 109.48 would resume after consolidation and extend towards 108.32.
However, bids at 108.20/30 and more below at 108.00/10 should contain downside and yield rebound later.
There are a slew of speakers from the Federal Reserve due to speak today. Pay particular attention to Fed Vice Chair Clarida's speech on the Fed's review of its monetary policy strategy at the Cato Institute's 37th Annual Monetary Conference at 14:10GMT. U.S. will also release its jobless claims at 13:30GMT. Street forecast is 215k vs previous reading of 211k.
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.