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- MNI Survey: Japan Mar Spending -6.4% Y/Y, 6th Straight Fall
- JAPAN DATA: Production by major Japanese automakers..
- Japan March Supermarket Sales +0.3% Y/Y, 2nd Y/Y Rise in Row
- ForexLive Asian market wrap: Oil, Metals gain on more Middle East unrest
- European markets mainly closed for Easter Monday holiday
- AUD/USD: Light stops triggered as intraday bulls give up
- Cable buy orders noted
- MNI Survey: Japan Mar Retail Sales Seen -6.0 Y/Y On Quake
- Stops triggered in USD/JPY
- EUR/USD slips back to opening levels
- UK and Switzerland near tax deal
- USD/JPY: Light stops reported above 82.35
- Japan Mar Biz Service Prices -1.2% Y/Y, Quake Impact Limited
- NATO airstrikes hit Gaddafi compound in Tripoli
- AUD/USD: Still unable to build enough momentum
- Nikkei +0.25%, Kospi +0.35%, Silver maintains gains
- JAPAN DATA: Corporate Service Price Index data from..
- JPY crosses moderately well bid in early Asia
- More explosions reported in Tripoli; TV stations go off-air
- It’s all happening in the Silver market
| MNI Survey: Japan Mar Spending -6.4% Y/Y, 6th Straight Fall Posted: -- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Japanese real average household spending in March is expected to have declined 6.4% year-on-year, which would be the sixth straight monthly y/y decline following -0.2% in February, according to the median forecast ...    |
| JAPAN DATA: Production by major Japanese automakers.. Posted: JAPAN DATA: Production by major Japanese automakers in the domestic market plunged in March, hit by the March 11 earthquake disaster that has disrupted the supply chain. Toyota Motor said its March domestic auto out fell 62.7% on year, sharply worsening from -8.5% in February, while Nissan Motor's domestic output ...  |
| Japan March Supermarket Sales +0.3% Y/Y, 2nd Y/Y Rise in Row Posted: TOKYO (MNI) - Sales at supermarkets in Japan open for at least a year rose 0.3% in March from a year earlier to Y1.01 trillion, up for a second consecutive month on solid demand for foodstuffs as well as emergency supplies of batteries, flash lights ...  |
| ForexLive Asian market wrap: Oil, Metals gain on more Middle East unrest Posted: NATO reportedly bomb Gaddafi compound in Tripoli; state TV stations go off-air More deaths reported in Syria and unrest persists in Yemen Threat of trucker and taxi strikes in China as fuel and food costs rise Japan's big public pension fund to dip into assets to cover shortfall Silver again leads way with big ...  |
| European markets mainly closed for Easter Monday holiday Posted: I'm pretty sure that most of the major European financial centres in the UK, Germany, France and Spain are closed for the Easter Monday public holiday so it should again be a very quiet session until the US gets started.  |
| AUD/USD: Light stops triggered as intraday bulls give up Posted: Trailing stops have been triggered below 1.0720 as the USD tries to stage a bit of a comeback. Next support levels are hourly lows near 1.0650. I'm sure some contrarian bears out there will be interested in the possible double-top on the hourly chart.  |
| Posted: Solid bids reported 1.6435/50  |
| MNI Survey: Japan Mar Retail Sales Seen -6.0 Y/Y On Quake Posted: -- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Hit by the March 11 earthquake disaster, Japanese retail sales for March appear to have slumped 6.0% on year, marking the first drop in three months after ...  |
| Posted: The USD is now a bit higher across the board after stops were triggered in USD/JPY above 82.35. Cable has breached short-term support at 1.6500 and EUR/USD is also closing in on it's technical support which is at 1.4520.  |
| EUR/USD slips back to opening levels Posted: All of the majors have now returned to their opening levels with the exception of USD/JPY which is 40 pips higher. AUD/USD couldn't maintain enough momentum to test the 1.0780+ sell orders and is back at 1.0735. Cable is sitting on hourly support at 1.6500 and there may well be ...  |
| UK and Switzerland near tax deal Posted: The UK Telegraph reports on the pending deal between the UK and Switzerland which could potentially see significant FX flows out of the CHF and back into the GBP.  |
| USD/JPY: Light stops reported above 82.35 Posted: Looks like dealers may have these in their sights. Next technical level of note is the 100-day MA at 82.65.  |
| Japan Mar Biz Service Prices -1.2% Y/Y, Quake Impact Limited Posted: -- Japan Mar Total CSPI Posts 30th Straight Y/Y Drop; Feb Rev -1.1% -- Japan Mar Core CSPI (Ex Intl Transport) -1.2% Y/Y; Feb Rev -1.0% -- Japan Mar Total CSPI +0.4% M/M Vs Feb Revised +0.2% -- Japan Mar Core CSPI +0.3% M/M Vs Feb Revised +0.2% ...  |
| NATO airstrikes hit Gaddafi compound in Tripoli Posted: Gold and Silver still near intraday (record) highs and crude oil prices are also 0.5% higher. EUR/JPY has stalled just shy of 120.00 as traders try to figure out whether they should be bullish or bearish.  |
| AUD/USD: Still unable to build enough momentum Posted: The sell orders at 1.0780 and above remain unchallenged although dips are also modest. AUD/USD managed a new high, 1.0774, by all of one pip before pulling back slightly.  |
| Nikkei +0.25%, Kospi +0.35%, Silver maintains gains Posted: The JPY crosses are maintaining the strong bid tone which I mentioned earlier and I am still putting this down to flows impacting on the components like EUR/USD and USD/JPY. EUR/USD is already 50 pips above it's Friday closing level and looking strong. Silver and Gold are also maintaining their strong ...  |
| JAPAN DATA: Corporate Service Price Index data from.. Posted: JAPAN DATA: Corporate Service Price Index data from the Bank of Japan: -- Japan March Corporate Service Prices -1.2% Y/Y Vs Feb Rev -1.1% -- Japan March Total CSPI Posts 30th Straight Y/Y Drop -- Japan March Core CSPI (Ex Intl Transport) -1.2% Y/Y; Feb Rev -1.0% -- Japan March Total CSPI +0.4% M/M ...  |
| JPY crosses moderately well bid in early Asia Posted: Once again, it's flows which are determining movements in the FX market in my opinion. Demand on dips for EUR/USD, AUD/USD and now even for GBP/USD continues to be solid and USD/JPY has also run into a lot of buying interest over the last week, starting at 82.50 and down ...  |
| More explosions reported in Tripoli; TV stations go off-air Posted: Reuters are reporting more explosions in downtown Tripoli and Libyan state TV stations have gone off-air. These increasing tensions as well as Syrian and Yemeni unrest are undoubtedly fuelling the rise in the Precious Metals.  |
| It’s all happening in the Silver market Posted: Silver has traded up to $47.75/oz this morning according to my platform after closing on Friday at around $46.30/oz. Gold is also higher, trading at $1512/oz.  |
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