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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 200020, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Oct 04: [/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] 04 Oct 2021 [/B][I]05:30GMT[/I] USD/JPY - 110.99.. Dlr remains on the back foot in tantrum with with U.S. yields in early Asian trading on Monday due to safe-haven yen buying. Price fell initially below Friday's 110.91 low (New York) to 110.88 in New Zealand on cross-buying in yen, however, intra-day broad-based usd's rebound due to risk-off trade following media report China's embattled Evergrande has suspended its shares trading in H.K. lifted price to 111.05, suggesting range trading is in store. Although decline from Thursday's 19-month peak at 112.07 signals Medium Term uptrend has made a temp. top, as long as 110.79 (prev. res, now sup) holds, consolidation with mild upside bias remains. Bids are noted at 110.90-80 with stops touted below 110.75 while offers are tipped at 111.20/25 with stops reported above 111.30. On the data front, U.S. will later release durable goods n factory orders. We also have 3 Fed officials scheduled to speak in New York morning (please refer to our EI page for details). [/QUOTE]
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