Intra-day Market Moving News and Views
15 Dec 2015 01:27GMT
USD/JPY - ........ Despite yesterday's sharp selloff from European open high at 121.34 to as low as 120.35 at New York midday on broad-based dlr weakness, the greenback pared its losses and staged a strong rebound to 121.08 in Australia, then 121.18 in Tokyo morning and continues to trade with a firm bias.
U.S. will release its CPI mm and yy data at 13:30GMT. Street forecasts are 0.0% n 0.4% vs previous readings of 0.2% and -1.5% respectively.
Elsewhere, the FOMC begins its 2-day meeting today and market is eagerly awaiting the rate decision on Wednesday.
Bids are now seen at 120.80/90 and more below at 120.60/70 with stops building up below there whilst initial offers are noted at 121.50/60, suggesting mild upside bias remains.
Hence, buying on intra-day dips is the favored strategy.
Data to be released on Tuesday:
Australia home price index, Swiss producer and import prices, U.K. PPI input prices, RPI, RPIX, PPI core output, CPI, PPI output prices, house price, Eurozone economic sentiment, employment, Germany, current conditions, economic sentiment, leading economic index, Canada manufacturing sales, U.S. NY empire state manufacturing index, core CPI, CPI, Redbook, housing market index, net L-T flows, overall net capital flows and foreign buying.
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: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.