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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 198685, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Aug 27: [/COLOR]Intra-Day News and Views & data to be released today – USD/JPY[/B] [B]Intra-Day Market Moving News and Views[/B] Update Time:[B] 27 Aug 2021 [/B][I]05:30GMT[/I] USD/JPY - 109.98.. Although dlr caught a bid at European open on Thursday ans climbed to 110.22 due to cross-selling in yen and intra-day gain in US yields, failure to penetrate 110.22 (last week's high Thursday) pushed price back to 109.95 morning. Intra-day sideways swings suggests range trading below 110.22 may continue in Europe as traders are keeping their powder dry ahead of Fed Pwoell's keynote speech at Jakcson Hole at 14:00GMT (his prepared text may be released in early New York morning though). Market is expecting Fed's tapering in his speech which is a prelude to rate rise in 2022, such a scenario would push usd higher vs G& currencies. On the flip side, if he sounds dovish, then usd bears may come back with a vengeance. Offers are tipped at 110.15/25 with stops above there n bids are noted at 109.95/90 with stops below 109.85. U.S. will release a slew of eco. data in New York morning, please refer to our EI page for details n pay attention to July's PCE (Fed's favourite inflation gauge), a higher-than-expected number would spark usd buying n higher US yields due to inflationary expectation. [/QUOTE]
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