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Intra-day Market Moving News
27 Mar 2015 13:06 EUR/USD - 1.0872... News fm Reuters, French FinMin says 'hopes Greek reform proposals will be specific.'
27 Mar 2015 12:54 EUR/USD - 1.0893.. Breaking news on Reuters, German FinMin Wolfgang Schaeuble says expansionary monetary policy is not solution but cause of crisis in recent decades.
27 Mar 2015 12:50 EUR/USD - 1.0888.. More news on Greece, Reuters reported Greece's European Union and IMF lenders, informally called the Brussels Group, will start discussing on Fri a list of reforms being submitted by the Greek gov't, a gov't official said. 
 
Athens has been scrambling to draw up a comprehensive list of measures to show its creditors it is committed to reform and budget discipline so that further aid can be released. Athens is just weeks away from running out of cash. 
27 Mar 2015 12:31 USD/MAJ - U.S. GDP final came in weaker-than-expected at 2.2% vs forecast of 2.4% whilst GDP deflator came in better-than-expected at 0.2% vs forecast of 0.1%.
27 Mar 2015 11:19 EUR/USD - 1.0843 ... Breaking news fm Reuters, German Finance Minister expects to have "solution" for new central bank governor appointment next month: state news agency. 
 
German Finance spokeswoman says we have no exact information about Greek reforms.
27 Mar 2015 10:32 EUR/USD - 1.0827... News fm Reuters, Greek gov't official denies media report that FinMin Varoufakis is considering resigning.
27 Mar 2015 09:41 GBP/USD - 1.4830... News fm Reuters, BoE's Carney says 'next move in rates is likely up.' 
 
BoE's Broadbent adds 'CPI may still be below target even after it bounces back; MPC needs to be watchful, not pre-commit to any policy path; ECB is not trying to devalue euro, focus on lack of demand; we are mindful of exchange rate, but do not try to finesse it.'
27 Mar 2015 09:15 GBP/USD - 1.4815... News fm Reuters, BoE's Broadbent says 'likelihood of broad n protracted deflation in UK is pretty low; neutral real interest rate more likely to rise than fall over next couple of years; headline inflation likely to rise quite steeply in early 2016 due to base effects.'
27 Mar 2015 08:21 GBP/USD - 1.4813... News fm Reuters, BoE's Haldane says 'macro-prudential tools might need to be developed on asset-class, rather than on national basis.'
27 Mar 2015 08:01 EUR/USD - 1.0812... News fm Reuters, ECB's Weidmann says 'euro area debt in danger zone with public debt standing at 91% n corporate debt at 105%; sovereign debt needs to be backed by capital, exposure to single sovereigns must be capped.'
27 Mar 2015 07:25 EUR/USD - 1.0872... Euro continued to move sideways in European morning following selloff fm y'day's high of 1.1052 to 1.0856 as investors are reluctant to enter large positions ahead of the release of a slew of U.S. economic reports n speech fm Fed's chair Yellen in NY session. Price rebounded to 1.0895 in Asia n then retreated to 1.0863 just b4 European open. 
 
At the moment, offers are touted at 1.0890-00, 1.0915/20 n then 1.0935/40 with mixture of offers n stops placed abv 1.0950. On the downside, bids are located at 1.0855/50, 1.0830-20 n 1.0810-00 with stops emerging just below 1.0800.  
 
27 Mar 2015 07:25 GBP/USD - 1.4845... Despite a brief recovery after retreating fm Asian high of 1.4867 to 1.4830, cable weakened again shortly after European open as data fm mortgage lender Nationwide on Fri showed the British house prices rose in Mar by the smallest annual amount since Sept 2013. 
 
Nationwide said the annual rate of increase dropped to 5.1% fm 5.7% in Feb. Prices in Mar alone rose by 0.1%. 
 
 
At the moment, offers are placed at 1.4880-90 region n then 1.4910-20 with mixture of offers n stops emerging further out abv 1.4950. On the downside, bids are noted at 1.4830-20 n around 1.4810 with stops emerging just below 1.4800. 
27 Mar 2015 04:32 GBP/USD - 1.4856... Cable tumbled in NY in tandem with euro y'day. Price strengthened ahead of European open n then rallied to a high of 1.4995 in European morning after robust U.K. retail sales. However, renewed broad-based demand for the greenback knocked price sharply fm there n the pound tanked to 1.4807 in NY morning b4 staging a recovery. Later, the British pound rebounded to 1.4870 n then chopped inside 1.4807-1.4870 for rest of the NY session n Fri's Asian morning. 
 
Today, investors shud pay close attention to the speeches fm BoE's Governor Mark Carney n Deputy Governor, Monetary Policy n MPC member Ben Broadbent at 08:45GMT n 09:15GMT respectively. Until then, further choppy consolidation is likely to be seen. 
 
At the moment, offers are placed at 1.4880-90 region n then 1.4910-20 with mixture of offers n stops emerging further out abv 1.4950. On the downside, bids are noted at 1.4830-20 n around 1.4810 with stops emerging just below 1.4800.
27 Mar 2015 02:51 EUR/USD - 1.0875... The single currency is nursing losses in Asia following Fri's selloff fm session high of 1.1052 (Europe) to 1.0856 in NY. Price retreated again after edging higher to 1.0896 in Asian morning. 
 
The lack of important eco. data fm euro zone today suggests fund flow wud dominate the market n because of the renewed demand for the greenback after y'day's strong U.S. data n hawkish comments fm Fed's officials, selling the single currency on recovery is recommended today. 
 
Offers are noted at 1.0890-00, 1.0915/20 n then 1.0935/40 with mixture of offers n stops placed abv 1.0950. On the downside, bids are located at 1.0855/50, 1.0830-20 n 1.0810-00 with stops emerging just below 1.0800.
27 Mar 2015 02:23 USD/JPY - 119.35... Although dlr retreated after rallying fm y'day's fresh 5-week low at 118.33 to 119.43 n then briefly dipped to 119.06 in Tokyo morning due to buying in yen after release of encouraging Japan's jobs data, renewed strength in the greenback vs other major ccys lifted price n dlr bounced back to 119.40 intra-day gain in the Nikkei-225 index (currently up 0.5% to 19569) has boosted risk appetite. 
 
Intra-day rebound fm 119.06 suggests consolidation with upside bias remains in Asia n Europe, therefore, trading the dlr on dips is recommended. In NY session, investors shud close attention to the release of revision to U.S. Q4 GDP, PCE n University of Michigan consumer sentiment. Last but not least, market shud watch out for the speech by Fed chair Janey Yellen who will speak on "Monetary Policy," before the Federal Reserve Bank of San Francisco Conference at 19:45GMT as dovsih comments fm her may spark off another round of dlr selling which may spill into Mon's NZ morning session. 
 
At the moment, bids are noted at 119.20-10 n then 119.00 with mixture of bids n stops located just below 118.80. On the upside, offers are placed at 119.50-60 n around 119.80 with stops emerging just abv 120.00. 
 
Eariler Bloomberg headlines reported Japanese PM Sinzo Abe who was speaking in parliament said "definitely getting results on exiting deflation in Japan" n "Will make the economy grow so escape fm deflation permanent".


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