Intra-Day Market Moving News and Views

Update Time: 30 Jan 2020 04:30GMT

USD/JPY - 108.94.. Dlr remains under pressure in early Asian trading due to return of risk-off trade after staging a intra-day bounce from 108.99 in New York morning to 109.25 in post-FOMC trading. Traders citing dlr's weakness after Fed Chair J. Powell's comments at post-FOMC presser who expressed concerns on the negative impact of the coronavirus, his remarks led to intra-day selloff in US yields where the benchmark 10-year fell from 1.667% to as low as 1.579%, just above its 3-month bottom at 1.57% hit earlier on Tuesday.

Intra-day weakness to 108.91 on renewed safe-haven yen buying suggests recovery from Monday's 2-week low at 108.74 has ended y'day at 109.26 (AUS) and stops below 108.70 are now in focus.
Offers have been lowered to 109.05/15 and more above with stops reported above 109.30.

BOJ Deputy Gov. Amamiya will be delivering a speech at Jiji news agency's seminar un Tokyo at 07:00GMT. Later, U.S. will release a slew of eco. data at 13:30GMT, pay attention to Q4 core PCE n PCE prices, Q4 advance GDP n Deflator n weekly jobless claims.

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 looks to test 1.0800 ahead of German ZEW

Despite the latest recovery attempt from a new 34-month of 1.0823 reached in early Asia, the sentiment around the EUR/USD pair remains undermined by the German economic growth concerns and broad US dollar strength. Focus on German ZEW, coronavirus updates.


GBP/USD extends losses to sub-1.3000 area, UK unemployment rate in focus

GBP/USD stays mildly negative just below 1.30 while heading into the London open on Tuesday. UK’s Brexit negotiator shares the same view as PM Boris Johnson, increases the risks of hard departure. UK employment statistics will be the key to clarify on the BOE’s bearish bias.


Forex Today: Risk sold amid coronavirus-led rising economic costs; a busy docket ahead

Despite upbeat US-China trade headlines and a slowdown in coronavirus infection in China, the risk appetite was battered in Asia this Tuesday, in light of the warning issued by Apple Inc. that highlighted rising economic costs due to the coronavirus impact.

Read more

Gold: Positive beyond six-week-old falling trendline

Gold prices take the bids above $1585, +0.35%, during the pre-European trading on Tuesday. The yellow metal recently broke a downward sloping trend line stretched from January 08. Early-month top on the buyer’s radar.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors