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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 190140, member: 22847"] [B]AceTraderFx [COLOR="darkred"] [B]Jan 15[/B]:[B] [/B][/COLOR]Intra-Day News and Views & data to be released today – USD/JPY Intra-Day Market Moving News and View[/B] Update Time[B]: 15 Jan 2021 [/B][I]05:30GMT[/I] USD/JPY - 103.77... The greenback swung wildly in hectic trading yesterday as despite initial jump to 104.19 in Asia, price retreated to 103.96 before staging another rebound to 104.15 at New York open. The pair fell on broad-based usd's weakness and tumbled to 103.65 near New York midday n briefly hit session lows of 103.57 after Fed Chairman Powell said the Fed would not raise rates anytime soon but only to rebound on short covering n later recovered to 103.85 ahead of Asian open today. Dollar's sharp retreat from 104.19 to 103.57 yesterday suggests choppy trading below Monday's 4-week peak at 104.39 would continue with downside bias and below Wednesday's reaction low at 103.53 would bring stronger retracement to 103.20/25. Offers are now seen at 103.80/90 with stops building up above there whilst initial bids are noted at 102.90/00. There is a slew of U.S. data to be released today but pay particular attention to retail sales mm and retail sales ex-autos at 13:30GMT. Street forecasts are 0.0% and -0.1% vs forecasts of -1.1% and -0.9% respectively. [/QUOTE]
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