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

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AceTraderFx Jan 7: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK
Update Time: 07 Jan 2016 02:49 GMT

EUR/USD - 1.0815
Despite yesterday's weakness to 1.0716, subsequent rebound to 1.0799 in post-FOMC minutes New York afternoon, then intra-day rally above this res level confirms euro's recent decline from December's 1.1060 peak has made a low on Tuesday at 1.0711 and consolidation with upside bias is seen, above res at 1.0839 would encourage for further headway towards 1.0886, reckon 1.0900/10 should hold.

On the downside, only below 1.0773/74 would dampen current bullish view on euro and may risk stronger retreat towards 1.0747 but 1.0711/16 should 'remain intact'.

 

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AceTraderFx Jan 11: Intra-day Market Moving News and Views EUR/USD

Intra-Day Market Moving News and Views
11 Jan 2016 02:15GMT

EUR/USD - ...... The single currency swung wildly at the start of the trading week. Price opened a tad lower from Friday's close and moved quietly in NZ morning, however, sudden selloff in the dlr/yen led to broad-based risk aversion of buying in euro and CHF.
Euro rallied above 1.0940/46 res and tripping stops above there, price later gained to 1.0970 ahead of Asian open before coming off due to lack of follow-through buying.

Although a slight higher yuan's fixing rate by the PBOC has pushed euro back down to 1.0923, suggesting 1.0970 top would remain intact, at least until European open n range trading is in store.
Offers are noted at 1.0960/70 with more above, there is market chatter of stops building above 1.1000.
Bids are reported at 1.0925-15 and more below with stops below 1.0900.

The only data due to from the EZ is Sentix Investor Confidence index, street forecast is look for January reading to come in at 12.2 vs previous month's figure at 15.7.

 

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AceTraderFx Jan 19: Intra-day Market Moving News and Views EUR/USD

Intra-Day Market Moving News and Views
19 Jan 2016 03:07GMT

EUR/USD - ..... Euro largely moved sideways in subdued Asian morning following an o/n recovery from yesterday's North American morning low of 1.0869 to 1.0906 and price shown relatively muted reaction to in-line but weak China GDP data.

Looks like range trading above said yesterday's 1.0869 low would be seen ahead of European open as traders await release of a slew of eco. data with Germany come in with its inflation data at 07:00GMT, then EZ C/A data, next, we have German ZEW economic sentiment index at 10:00GMT followed by important EZ final Dec inflation n construction output.

Offers are tipped at 1.0900/10 with stops above there, however, more selling interest is reported at 1.0930/40.
Initial bids are noted at 1.0880-70 with stops below there, more buying interest is reported at 1.0840-35.

 

[acetraderfx]

AceTraderFx Feb 4: Intra-Day Market Moving News and Views- EUR/USD

Intra-Day Market Moving News and Views
04 Feb 2016 01:33GMT

EUR/USD - ....... The single currency was also supported yesterday from an increase in EU retail sales. Euro zone retail trade increased in December mostly thanks to Christmas shopping of food, drinks and tobacco, the European Union statistics office Eurostat estimated on Wednesday.
Sales in the 19 countries sharing the euro grew on average 0.3% in December on a monthly basis, as expected by economists polled by Reuters.

Retail trade increased 1.4% year-on-year, slightly less than the forecast 1.5%.
Eurostat revised upwards both monthly and yearly estimates for the month of November. Month-on-month euro zone sales have been flat in November, contrary to previous estimates of a 0.3% drop. Year-on-year sales recorded in November a 1.6% rise, more than the previously estimated 1.4%.

The greenback tumbled against majority of its peers yesterday as New York Fed President William warned of tightening financial conditions.
Reuters reported, in an interview with MNI, Williams said financial conditions have tightened considerably in the weeks since the U.S. Federal Reserve raised interest rates and monetary policy makers will have to take that into consideration should that phenomenon persist.

 

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AceTraderFx Feb 12: Intra-Day Market Moving News and Views- EUR/USD

Intra-Day Market Moving News and Views
12 Feb 2016 03:10GMT

EUR/USD - ...... Euro pares yesterday's erratic rise to a fresh 3-1/2 month high of 1.1377 in New York session and retreated in Asian morning to 1.1302. Traders reported fairly good offers were noted at 1.1370/80, so intra-day retreat suggests choppy consolidation with downside bias is in store as market now test euro's downside and short-term specs may probe for euro's sup (stop hunting).

As a slew of important European data are due out, expect choppy price action after the release.
Pay attention to German inflation data at 07:00GMT and flash GDP, Italy will release GDP at 09:00GMT followed by EZ GDP and u=industrial production at 10:00GMT.

Offers are tipped at 1.1335/45 and more above with stops touted above 1.1400.
Some bids are noted at 1.1310-00 with some stops below there, more stops are touted below 1.1270.

 

[acetraderfx]

AceTraderFx Apr 5: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
05 Apr 2016 03:01GMT

EUR/USD - ....... The single currency gained support at 1.1385 ahead of Asian open on Tuesday and climbed above 1.1400 level again, helped by the intra-day weakness in the greenback vs yen.

Apart from the the release of Markit's service PMI readings for Italy, France, Germany and euro zone in European morning today, investors should also pay attention to the release of Germany factory orders n euro zone's retail sales at 06:00GMT and 09:00GMT respectively.

At the moment, bids are reported at 1.1380-70 n then 1.1360-50 with stops below there.
On the upside, offers are noted at 1.1410-20 and more ahead of last Friday's 5-month peak at 1.1438 with stops located above 1.1450.

Data to be released on Tuesday:
New Zealand business confidence, Australia AIG service index, imports, exports, trade balance RBA interest rate decision, Germany factory orders, Markit service PMI, Italy Markit service PMI, France Markit service PMI, Eurozone Markit service PMI, retail sales, U.K. Markit service PMI, retail sales, U.S. trade balance, Redbook, Markit service PMI, ISM non-manufacturing PMI, jobs opening, economic optimism, Canada imports, exports and trade balance.

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