AceTraderFx Feb 09: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
09 Feb 2018 03:30GMT
USD/JPY - 108.87.. Dollar remains on the back foot after yesterday's selloff from 109.79 (Europe) to as low as 108.59 due to active sage-haven buying of the yen on risk aversion following another day of plunge in U.S. equities where the Dow fell 1,032 points, or 4.15% to 23,860.46.
Many traders have global market indices n charts on the screens as stock market prices take centre stage. The Nikkie shed over 3% (circa 32296, down 3.22%) following o/n selloff in the Dow and dlr briefly hit intra-day low of 108.50 before staging a recovery on bargain hunting.
Expect range trading for now as Asian traders await European stock markets' reaction at the open, price is likely to fall if the Dax and Footsie fall at the open, so trading the pair from short side in anticipation of more yen buying is favoured.
Offers are tipped at 109.00/10 with some stops above 109.20.
Bids are noted at 108.50-40 with stops reported below 108.25, more stops are touted below 108.00.
The only eco. data due out in the U.S. is wholesale inventories n sales, so all eyes are on the Dow n S&P 500, be nimble n be quick when stock indices swing around.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
Intra-Day Market Moving News and Views
09 Feb 2018 03:30GMT
USD/JPY - 108.87.. Dollar remains on the back foot after yesterday's selloff from 109.79 (Europe) to as low as 108.59 due to active sage-haven buying of the yen on risk aversion following another day of plunge in U.S. equities where the Dow fell 1,032 points, or 4.15% to 23,860.46.
Many traders have global market indices n charts on the screens as stock market prices take centre stage. The Nikkie shed over 3% (circa 32296, down 3.22%) following o/n selloff in the Dow and dlr briefly hit intra-day low of 108.50 before staging a recovery on bargain hunting.
Expect range trading for now as Asian traders await European stock markets' reaction at the open, price is likely to fall if the Dax and Footsie fall at the open, so trading the pair from short side in anticipation of more yen buying is favoured.
Offers are tipped at 109.00/10 with some stops above 109.20.
Bids are noted at 108.50-40 with stops reported below 108.25, more stops are touted below 108.00.
The only eco. data due out in the U.S. is wholesale inventories n sales, so all eyes are on the Dow n S&P 500, be nimble n be quick when stock indices swing around.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates