AcetraderFx May 6: Intra-Day Market Moving News and Views EUR/USD

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AceTraderFx Jun 25: Intra-Day News and Views (EUR/USD) & data to be released today

Intra-day Market Moving News and Views
25 Jun 2015 02:30GMT

EUR/USD -..... Despite euro's mini roller-coaster session on Wednesday, price settled around 1.1200 near NY close and continued to move narrowly in Asian morning on Thursday as Eurogroup emergency meeting to break the deadlock on the Greek debt negotiations in Brussels on Wednesday came to no conclusion and the meeting will be extended to Thursday's European morning.

As market participants are focusing on the progress of the Greek debt negotiations, further choppy trading around 1.1200 level is envisaged in Asia. Having said that, investors should pay attention to the release of Germany's GfK consumer sentiment for July at 06:00GMT.

At the moment, offers are noted at 1.1230-40 and then 1.1255/60 with stops building above 1.1280.
On the downside, bids are reported at 1.1160-50 and around 1.1130 with demand from various accounts around 1.1100.

Thursday will see the release of Germany GfK consumer sentiment, U.K. CBI distributive trades, U.S. core PCE, personal consumption, KC Fed manufacturing.

 

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AceTraderFx Jun 26: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
26 Jun 2015 07:19GMT

EUR/USD - ...... Euro spent another lackluster session in Asia and early European morning on Friday as investors are sidelined ahead of more talks between Greece and its international creditors on Saturday.
Euro fell to 1.1209 in Asia after meeting renewed selling at 1.1209 in Aust. and then climbed back to 1.1207 at European open.

Looks like price would remain confined inside near term established range of 1.1135-1.1235 until NY open.
At this moment, offers are reported at 1.1210-20 with mixture of offers and stops at 1.1230-40, whilst bids are touted at 1.1150-40 and more at 1.1120-10 with stops below 1.1100.

 

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AceTraderFx Jun 29: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
29 Jun 2015 07:45GMT

EUR/USD - ...... Although euro fell to a fresh near 3-1/2-week trough at 1.0955 in NZ as concerns over a potential Greek default boosted demand for the safe-haven greenback, price rebounded to 1.1032 in Asia on short-covering and then rallied to 1.1112 in European morning in part due to cross-buying in euro before easing.

At present, bids are reported at 1.1020-10 and then 1.0990-80 with mixture of bids and stops at 1.0950-40.
On the upside, offers from various accounts are tipped at 1.1120-30 with mixture of offers and stops at 1.1150-60.

 

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AceTraderFx Jul 16: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
16 Jul 2015 08:01GMT

EUR/USD - ...... Although euro staged a bounce from 1.0911 ahead of European open, price retreated after meeting renewed selling at 1.0949 and then tanked to a fresh 1-1/2 month trough at 1.0896 before recovering.

Looks like consolidation with downside bias would be seen in early European trading but sharp fall below 1.0900 level is not likely to be seen as investors are awaiting the release of euro zone's inflation data at 09:00GMT and the announcement of ECB's monetary policy decision at 11:45GMT and then Draghi's press conference at 12:30GMT.

At the moment, offers from various accounts are noted at 1.0920-30 adn more around 1.0940-50 with mixture of offers and stops at 1.0970/75.
On the downside, bids are reported at 1.0880-1.0870 and then 1.0860/55 stops building just below 1.0850.

 

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AceTraderFx Jul 22: Intra-Day Market Moving News (EUR/USD)

Intra-Day Market Moving News
22 Jul 2015 07:34GMT

EUR/USD - ....... Although euro rebounded after meeting renewed buying interest at 1.0924 in Asia and then climbed to 1.0967 shortly after European open, price retreated afterwards as some investors decide to take profit ahead of Greek lawmakers' second vote on bailout reforms.

At present, bids from various accounts are touted around 1.0920-10 and then 1.0900-1.0890, whilst offers are located at 1.0960-70 with mixture of offers and stops at 1.0980-90.

Earlier in European morning, INSEE showed French business confidence rose more-than-expected in the last quarter. INSEE said that French business confidence rose to an annual rate of 102, from 100 in the preceding quarter.

 

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AceTraderFx Aug 3: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
03 Aug 2015 07:37GMT

EUR/USD - 1.0975... Although euro staged a bounce from 1.0966 to 1.0996 shortly after European open, price edged lower to 1.0974 as fall of Greek ATG equity index weighed on demand for the single currency (The Athens General Index is currently down more than 20% on its reopening on Monday after a 5-week closure).

Investors are now awaiting the release of mfg PMI from France, Germany and euro zone at 07:50GMT, 07:55GMT and 08:00GMT respectively.

As mentioned previously, order board is pretty thin with some bids noted 1.0930-1.0920 and stops below there, more stops are touted below 1.0890.
On the upside, offers from various accounts are tipped in 1.1020-30 region and more at 1.1040-50 with stops building up above 1.1080.

 

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AceTraderFx Aug 24: Intra-Day News and Views (EUR/USD) & data to be released today

Intra-day Market Moving News and Views
24 Aug 2015 00:45GMT

EUR/USD - .... Euro pares Friday's spectacular gain after rallying from 1.1241 (Europe) to as high as 1.1389 near NY close as sell-off in global stocks (Dow suffered its largest 1-day decline in nearly 4 years n closed near the day's low) had prompted more unwinding of previously established short euro positions.

The single currency climbed marginally to a 2-month high of 1.1395 as intra-day cross-inspired selloff in dlr/yen n commodity currencies sparked off a fresh round of USD's broad-based weakness.
However, lack of follow-through buying quickly pushed price lower to 1.1370 at Asian open.

As euro was the strongest ccy vs its G7 peers on Friday, this tend is expected to continue in Monday trading, so buying the pair on intra-day retreat in anticipation of a resumption of recent up-move is the way to go. Buying interest is noted at 1.1360-50 and more below with stops touted below 1.1300, some offers are tipped at 1.1390/00.

The only economic releases are Germany Jul import price index and industrial production at 06:00GMT.
So best to pay attention to performance of Asian & European bourses as further weakness (2% plus) is likely to trigger more euro buying.

Data to be released this week:

Japan leading indicators, and Germany import price on Monday. In addition, Federal Reserve Bank of Atlanta President Dennis Lockhart will speak on "Pensions and Economy" before the 2015 Public Pension Funding Forum co-hosted by the National Conference On Public Employee Retirement System.

Germany GDP, Ifo reports, UK BBA mortgage approvals, U.S. existing home sales, consumer confidence, new home sales and Redbook on Tuesday.

New Zealand trade balance, Australia CB leading indicator, UK nationwide house prices, CBI distributive trades, and U.S. durable goods orders on Wednesday.

Australia building capex, capital expenditure, France business climate, Switzerland industrial orders, and U.S. pending home sales on Thursday.

UK Gfk consumer confidence, Japan all household spending, CPI, retail sales, Switzerland GDP, France producer prices, Italy business confidence, consumer confidence, U.K. GDP (second release), Italy wage inflation, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, Germany CPI, HICP, Canada producer prices, and U.S. consumption, PCE, personal income, personal consumption, on Friday.

 

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AceTraderFx Oct 6: Intra-day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
06 Oct 2015 06:30GMT

EUR/USD - ..... Euro remains under pressure in early European trading after downbeat German data. Reuters reported German industrial orders dropped unexpectedly in August due mainly to weaker demand from non-euro zone countries plus the effect of holidays, the economy ministry said on Tuesday.
Contracts for 'Made in Germany' goods were down by 1.8 percent on the month, the data showed, compared with a Reuters consensus forecast for a rise of 0.5 percent.

German factories received 1.2 percent fewer bookings from abroad, driven by a 3.7 percent slide from in demand from non-euro zone countries, while domestic orders fell by 2.6 percent.
The data for July was revised down to a 2.2 percent drop from an originally reported 1.4 percent declinE.

Yesterday despite initial strong rebound to session high at 1.1289 in European morning, failure to penetrate Friday's high at 1.1319 triggered another wave of selling n the single currency dropped to 1.1174 in New York. Euro met renewed selling at 1.1198 at Asian open n fell further to 1.1172 in Asian morning before stabilising.

Today pay attention to the release of German factory orders m/m at 06:00GMT.
Street forecast is of 0.5% vs previous reading of -1.4%. ECB's Draghi is also scheduled to speak later today at 17:00GMT.
Traders will be looking to the language used by the President in terms of further easing the central bank might provide and when (if so).

 

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AceTraderFx Oct 9: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
09 Oct 2015 01:22GMT

EUR/USD - ....... The single currency proved quite tricky to trade yesterday as despite initial rise to 1.1315 in European morning, price swiftly retreated to 1.1238 at New York open.
However, euro pared its losses and rallied to session high at 1.1328 in New York afternoon after the release of dovish FOMC minutes. Later, euro fell again to 1.1263 before recovering.
Price then met renewed selling at 1.1292 ahead of Asian open and fell to 1.1268 in Asian morning.

There is no major eco. data to be released from the eurozone today except figures of industrial output from France and Italy at 06:45GMT and 08:00GMT respectively.

Offers are now seen at 1.1290/00 and more below at 1.1310/20 with stops building up above yesterday's high at 1.1328 whilst initial bids are noted at 1.1220/30, suggesting further choppy trading would be seen ahead of European open.

 

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AceTraderFx Oct 12: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
12 Oct 2015 01:45GMT

EUR/USD - ....... Despite rallying to as high as 1.1387 at New York midday on Friday on cross-buying of euro vs sterling, price retreated to 1.1352 in News York afternoon. Later, euro staged a rebound and gained to 1.1378 at Asian open today, however, renewed selling there pressured the pair lower to 1.1365.

Since there is no major eco. data due to be released today from the eurozone, trading is likely to be thin with bids lowered to 1.1340/50 and some more below at 1.1320/30 with stops building there whilst initial offers are noted at 1.1390/00, suggesting buying on dips for near term gain is still favored.

In other news, Reuters reported, ECB's policymaker and also Bundesbank Head Jens Weidmann said the euro zone is undergoing a gradual economic recovery though downside risks to growth have increased in tandem with weakness in emerging markets.