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| Update Time: 02 May 2024 06:32GMT |
INTRA-DAY USD/CHF OUTLOOK - +0.9130+ |
Y'day's fall fm a near 7-month high at 0.9224 to
0.9146 in post-FOMC NY suggests temporary top is in
place n subsequent rebound wud bring consolidation
b4 prospect of another drop twds 0.9125/30, then
0.9106/10, break heads to 0.9088/89 later.
Trade fm short side for 0.9130 n only abv 0.9188
/92 prolongs choppy swings, 0.9205/08, 0.9220/24.
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| Rate: |
+0.9130+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.9180 |
| Objective: |
0.9130 |
| Stop-Loss: |
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MARKET REVIEW ON 02 May 2024 02:18 GMT |
Japan's yen climbs against US dollar amid signs of intervention |
The following currency report was taken from Reuters:
The yen soared against the U.S dollar late on Wednesday, as market participants suspected Japan's monetary authorities were in the market to prop up the beleaguered currency.
The Japanese unit rose as high as 153.19 per dollar from about 157.55. It was last at 154.83.
Market participants said the move happened right after the U.S. stock market close and after Fed Chair Jerome Powell wrapped up his press briefing.
"It looks like intervention. The Japanese, I don't think, are going to ...
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MARKET MOVING NEWS
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All times in GMT |
| 2 May 2024 |
03:43 |
USD/JPY - 156.05... Reuters reported many Bank of Japan board members agreed the country's long-term interest rates should be set by markets, with some saying the central bank should at some point slow the pace of bond buying, minutes of their March policy meeting showed on Thursday.
At the March m..... |
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| 30 Apr 2024 |
01:55 |
USD/MAJORS - Reuters reported China's manufacturing activity expanded at a slower pace in April, an official factory survey showed on Tuesday, suggesting some loss of momentum for the sprawling sector at the start of the second quarter.
The National Bureau of Statistics (NBS) manufacturing purchasi..... |
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| 26 Apr 2024 |
06:37 |
USD/JPY - 156.06... Reuters news, BOJ Governor Ueda begins press conference and says :
- economic outlook, risk overshoot may also be a reason for policy change
- monetary policy is not aimed to control fx rates directly
- if fx fluctuations affect underlying inflation, that could be a consideratio..... |
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ECONOMIC INDICATORS FOR 02/05/2024 |
All times in GMT |
| Time |
Country |
Indicator |
Actual |
Forecast |
Range |
Previous |
Revised |
|
| 2350 |
Japan |
BoJ Mon. Pol. Meeting Minutes |
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| 0130 |
Australia |
Building Permits MM - Mar |
1.9% |
3.0% |
0.4/7.0 |
-1.9% |
-0.9% |
|
| 0130 |
Australia |
Building Permits YY - Mar |
-2.5% |
N/A |
N/A |
5.2% |
4.9% |
|
| 0130 |
Australia |
Trade Balance AUD - Mar |
5,024M |
7,300M |
6,500/9,500 |
7.280M |
6,591M |
|
| 0130 |
Australia |
Imports MM - Mar |
4.2% |
N/A |
N/A |
4.8% |
4.4% |
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| 0130 |
Australia |
Exports MM - Mar |
0.1% |
N/A |
N/A |
-2.2% |
-3.2% |
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| Update Time: 30 Apr 2024 08:05 GMT |
USD/JPY - 156.89 |
Although yesterday's sudden selloff from a near 34-year 160.24 (Reuters) peak to 154.54 suggests long term upmove has made a top, subsequent strong bounce would bring consolidation and 157.20/23 needs to hold to maintain bearish view for 155.05/10, 154.54, then 153.60/70 later.
On the upside, only a daily close above 157.20/23 would risk gain back towards 157.65/75, above would head to 158.35/45 before down. |
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DAILY GBP/USD TECHNICAL OUTLOOK |
All times in GMT |
| Last Update At 01/11/2023 03:16 GMT |
| Trend Daily Chart |
Daily Indicators |
21 HR EMA |
55 HR EMA |
| Sideways |
Rising |
1.2147 |
1.2145 |
| Trend Hourly Chart |
Hourly Indicators |
13 HR RSI |
14 HR DMI |
| Near term down |
Neutral |
45 |
-ve |
| Daily Analysis |
| Consolidation with downside bias |
| Resistance |
Support |
1.2233 - Hourly chart
1.2201 - Tue's high
1.2175 - Mon's high | 1.2120 - Tue's low
1.2090 - Mon's low
1.2070 - Last Thur's low |
| . GBP/USD - 1.2141..Although cable rose fm 1.2138 in Asia to as high as
1.2201 in Europe on Tue, price erased intra-day gains n then tumbled to session
lows of 1.2120 in NY on renewed usd's strength b4 recovering to 1.2155.
. On the bigger picture, despite cable's brief break of 2016 post-Brexit
low of 1.1491 to a near 35-year trough of 1.1412 in mid-Mar 2020 on safe-haven
usd's dema..... |
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