Home Forex Analysis And Forecasts Intra-Day News and Views (USD/JPY) & data to be released today: Oct...

Intra-Day News and Views (USD/JPY) & data to be released today: Oct 27, 2014

Intra-Day Market Moving News and Views

27 Oct 2014 02:00GMT

USD/JPY – 107.98… Although dlr ‘gapped-up’ higher to a fresh 2-week peak at 108.37 in Australia after Reuters reported Sun a Yomiuri poll showed public approval for Japan PM Abe’s government has slumped, lack of follow-through buying n continued concerns over the Ebola case in NY prompted profit-taking. Dlr later retreated to 107.93 in Tokyo morning.

Today, dlr’s retreat from 108.37 suggests initial consolidation with mild downside bias would be seen ahead European open but as long as 107.79 (Fri’s low in NY) holds, outlook remains mildly bullish for marginal gain after consolidation n therefore, buying dlr on dips is the favoured strategy. Bids are noted at 108.00-107.90 with mixture of bids n stops at 107.80/75 n further out at 107.50/45. On the upside, offers are placed at 108.30-40 n then 108.50 with stops emerging just above 108.80.

The coming week will see the release of German Ifo business climate, U.K. CBI distributive trades, U.S. Markit services PMI flash, pending sales change and revised building permits change on Monday.

Japan’s retail sales, German import index, U.S. durable goods, Redbook, CaseShiller house price, consumer confidence on Tuesday.

Japan’s industrial output, New Zealand ANZ bussiness outlook, U.K. mortgage approval and mortgage lending, Canada’s producer prices, FOMC rate decision and Fed’s monetary policy statement on Wednesday.

RBNZ rate decision, Australia’s HIA new home sales, import and export prices, U.K. Nationwide house prices, Swiss KOF indicator, German unemployment rate, EU business climate, economic sentiment and final consumer confidence, U.S. jobless claims, GDP in Q3 and core PCE, German CPI and HICP on Thursday.

Japan’s all household spending, CPI and unemployment, GfK consumer confidence, Australia’s PPI, Bank of Japan monetary statement, construction orders, housing starts, BOJ press conference, BOJ outlook report, EU inflation and unemployment, U.S. PCE price index, personal real consumption and income, core PCE price index, Canada’s GDP and U.S. University of Michigan sentiment on Friday.

Published On Mon, Oct 27 2014, 02:15 GMT

More Details


 

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments