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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 97651, member: 22847"] [B]AceTraderFx Feb 26: Intra-Day Market Moving News and Views (USD/JPY)[/B] [B]Intra-Day Market Moving News and Views 26 Feb 2016[/B][I]03:11GMT[/I] [B]USD/JPY[/B] - ...... Despite initial rise above o/n New York high of 113.02 on higher open in the Nikkie (N225 index climbed to 2-1/2 week high of 16472) following yesterday's rally in the Dow, however, the pair pared intra-day gain on a surprise rise in the euro vs usd, price later retreated to 112.68. Looks like dlr would consolidate below said Asian high due to broad-based usd's weakness until European open. Offers are tipped above 113.00/10 and more above with stops reported above 113.40. Initial bids are noted at 112.70-60 with some stops touted below there, however, more buying interest is reported at 112.30-20. Data to be released on Friday: New Zealand imports, exports, trade balance, Japan CPI, U.K. consumer confidence, Germany import price index, CPI, Harmonised index of consumer prices, France producer prices, consumer spending, GDP, Italy wage inflation, Eurozone consumer confidence, services sentiment, business climate, industrial sentiment, inflation expectation, selling price expectation, U.S. GDP, personal consumption expenditures, personal income, personal spending, good trade balance, adjusted consumption and Reuters/University of Michigan consumer sentiment index. Pay attention to release of important preliminary U.S. Q4 GDP at 13:30GMT as the pair reacted to yesterday's upbeat U.S. durable good order n rallied after the data. [/QUOTE]
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