News

New Zealand’s ANZ Business Confidence fell sharply in April, dropping from 57.5 to 49.3. The own activity outlook also edged lower from 48.6 to 47.7. ANZ noted the decline may reflect growing apprehension over the global economic outlook, particularly uncertainty stemming from the escalating US-China trade war and broader policy unpredictability from the US administration. […]

The post NZ ANZ business confidence falls to 49.3, inflation expectations steady appeared first on Action Forex.

Japan’s industrial production fell by -1.1% mom in March, significantly worse than the anticipated -0.7% mom decline. According to the Ministry of Economy, Trade and Industry, the sharp drop was led by a -5.9% mom fall in motor vehicle output. Notably, regular passenger car production slipped -4.1% mom due to weaker export demand, while small […]

The post Japan’s industrial output slides -1.1% mom on auto weakness appeared first on Action Forex.

Japan’s industrial production fell by -1.1% mom in March, significantly worse than the anticipated -0.7% mom decline. According to the Ministry of Economy, Trade and Industry, the sharp drop was led by a -5.9% mom fall in motor vehicle output. Notably, regular passenger car production slipped -4.1% mom due to weaker export demand, while small […]

The post Japan’s industrial output slides -1.1% mom on auto weakness appeared first on Action Forex.

There are a couple to take note of on the board for today, as highlighted in bold.

The first one is for EUR/USD at 1.1390 and that rests in between the key hourly moving averages of 1.1372 and 1.1401 at the moment. The expiries could help to lock in price action before we get to US trading, where month-end flows will be one to watch out for. That alongside more headline risk of course.

Then, there is one for USD/JPY at the 142.00 level. It’s not one that ties to any technical significance but the expiries could help limit downside price action on the day, as seen with the past few sessions at the figure level, before rolling off.

Even with the more relevant sizes and levels, I’d still argue that month-end flows and reactions to any headline risks are the two bigger drivers for price action in the day ahead.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.