AceTraderFx: Intra-Day Market Moving News & Views & data to be released today

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

Intra-Day Market Moving News and Views
15 Aug 201603:08GMT

EUR/USD - 1.1156... Despite opening slightly higher in New Zealand, the single currency met renewed selling at 1.1173 and resumed its fall from Friay's high at 1.1222 towards 1.1154 at Asian open and continues to remain under pressure in Asian morning, due partly to cross-selling of euro vs sterling.

Trading is expected to be relatively thin today as Italy and France will remain closed for market holiday and offers are now seen at 1.1170/80 and more above at 1.1190/00 with stops building up above there whilst initial bids are noted at 1.1100/10, suggesting choppy trading with downside bias would be seen.

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AceTraderFx Aug 16: Intra-Day Market Moving News and Views EUR/USD

Intra-Day Market Moving News and Views
16 Aug 2016 02:34GMT

EUR/USD - .... The single currency rallied from yesterday's Asian low at 1.1154 to session high at 1.1203 in New York morning due to active-cross buying of euro vs sterling (eur/gbp rose to a fresh 2-1/2 year high at 0.8703). However, price pared its gains and retreated to 1.1175 at Asian open today.

Market focus will now be on the release of EZ and Germany ZEW sentiment data at 09:00GMT.
Downbeat data would signal at spillovers from Brexit and send euro lower.

Bids are now lowered to 1.1160/70 and more below at 1.1130/40 with stops building up below there whilst initial offers are noted at 1.1220/30, suggesting further choppy trading would be seen.

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AceTraderFx Aug 17: Intra-Day Market Moving News and Views EUR/USD

Intra-Day Market Moving News and Views
17 Aug 2016 01:16GMT

USD/JPY - ...... Despite yesterday's selloff to 99.54 on broad-based buying of yen, the greenback rallied to 100.53 in New York on hawkish comments from Fed officials.
Dlr found renewed buying at 100.16 in Australia today and rose to 100.68 at Tokyo open due to the initial rise in Nikkei-225.

Market focus is now on the release of FOMC minutes today at 18:00GMT.
Traders will be looking closely for hints on when policymakers would look to hike interest rates next.

Bids are now seen at 100.20/30 and more below at 100.00/10 with stops building up below there whilst initial offers are noted at 101.20/30, suggesting choppy trading with upside bias would be seen.

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AceTraderFx Aug 18: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
18 Aug 201601:22GMT

USD/JPY - ...... Japan's exports tumbled in July at the fastest pace since the global financial crisis with a resurgent yen and weakness in overseas economies weighing on overseas shipments - a warning that Japan cannot rely on exports to drive growth.
Economists say there is a growing risk that weakness in exports will persist as global economic uncertainty shows little sign of receding, which could undermine Japanese policymakers' efforts to re-energise the economy.
Exports in July fell due to lower shipments of cars to the United States, ships to Central America and steel to Italy, the data showed.

Exports to China - Japan's largest trading partner - fell an annual 12.7 percent in July, extending the 10.0 percent decline seen in June.
U.S.-bound shipments fell 11.8 percent year-on year, versus a 6.5 percent annual decline in the previous month.

The yen has risen around 20 percent versus the dollar so far this yea and further gains would cut deeply into exporters' earnings and increase deflationary pressure by lowering import prices.
The Bank of Japan will conduct a "comprehensive review" of its quantitative easing and negative interest rate policy at its meeting next month after repeatedly pushing back the timing for its 2 percent inflation target.
Some economists say the BOJ could use the review to ease monetary policy, potentially weakening the yen if bond yields decline further.

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AceTraderFx Aug 22: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
22 Aug 2016 02:09GMT

USD/JPY - ...... Although the greenback opened significantly higher to 100.92 in New Zealand today on weekend news of comments from BoJ's Kuroda (see previous MMN), profit-taking offers there capped intra-day gains and price retreated sharply to 100.30 ahead of Asian open.
Dlr pared its losses and staged a recovery to 100.75 at Tokyo open before retreating again.

Since there is no major economic data due today, further choppy trading would be seen.
Bids are now seen at 100.20/30 and more below at 100.00/10 with stops building up below there whilst initial offers are noted at 101.20/30.

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AceTraderFx Aug 23: Intra-Day Market Moving News and Views EUR/USD

Intra-Day Market Moving News and Views
23 Aug 2016 01:42GMT

EUR/USD...... The single currency rallied from yesterday's Asian low at 1.1271 to 1.1331 in New York morning on dlr's broad-based retreat. Renewed buying at 1.1311 in New York lifted the pair again n euro gained to 1.1334 at Asian open today and continues to trade with a firm bias.

There is a slew of data from eurozone today, including mfg. and serv. PMIs from France, Germany and EZ.
These figures would give a guage on the economy within the region after the Brexit vote n the impact it has had.

Offers are now raised to 1.1340/50 and more above at 1.1360/70 with stops building up above there whilst initial bids are noted at 1.1270/80, suggesting further choppy trading would be seen.

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AceTraderFx Aug 24: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
24 Aug 2016 01:09GMT

USD/JPY - ...... The greenback rose from yesterday's European low at 99.94 to 100.29 at New York midday, then price ratcheted higher to 100.52/53 at Tokyo open on broad-based selling of JPY.
However, profit-taking offers there capped intra-day gains and price retreated to 100.26 in Asian morning.

Since there is no major eco. data due today, further choppy trading is likely to be seen with bids noted at 100.00/10 and more below at 99.80/90 with stops building up below there whilst initial offers are noted at 100.80/90.

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AceTraderFx Aug 25: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
25 Aug 201601:01GMT

USD/JPY - ...... Although price retreated from 100.52 to session low at 100.10 in European morning, the greenback pared its losses and rose to intra-day high at 100.61 in New York morning on dlr's broad-based strength before easing.
Dlr met renewed selling at 100.62 at Tokyo open and retreated to 100.39 in Tokyo morning.

Pay attention to the release of jobless claims and durable goods at 12:30GMT.
Street forecasts are 265K and 3.3% vs previous readings of 262K and -3.9% respectively.

Bids are now lowered to 100.10/20 and more below at 99.90/00 with stops building up below there whilst initial offers are noted at 100.90/00, suggesting further choppy trading would be seen.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

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AceTraderFx Aug 26: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
26 Aug 2016 01:05GMT

USD/JPY - ....... Despite staging a rebound after finding renewed buying at 100.30 in Europe today, the greenback retreated sharply at Tokyo open today due to data which showed Japan July consumer prices post its biggest annual fall in three years.

Although market focus is on Fed Yellen's testimony at 14:00GMT due to the guidance she might provide on the central bank's monetary policy, traders should also keep an eye on the release of U.S. GDP and GDP deflector at 12:30GMT.
Street forecasts are 1.1% and 2.4$ vs previous readings of 1.2% and 2.2% respectively.

Bids are now lowered to 100.20/30 and more below at 100.00/10 with stops building up above there whilst initial offers are noted at 100.80/90, suggesting further choppy trading would be seen ahead of Fed's Yellen speech.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

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AceTraderFx Aug 29: Intra-Day Market Moving News and Views

Intra-Day Market Moving News and Views
29 Aug 2016 01:14GMT

GBP/USD - ....... The Daily Telegraph reported on Saturday that Prime Minister Theresa May will not hold a parliamentary vote on Brexit before formally triggering Britain's withdrawal from the European Union.
She will not offer opponents the chance to stall the withdrawal and has consulted lawyers who say she has the power to invoke the exit without a parliamentary vote. A majority of the 650 lawmakers had declared themselves "Remainers".

Opponents maintain that since the EU referendum result is not legally binding, elected lawmakers should review the vote before the process is started.
The UK voted to leave the EU on June 23, but May has said she will not invoke Article 50, the formal two-year process for divorce from the bloc, before the end of the year to allow time to prepare the exit strategy.

No one at the prime minister's office was available to comment.
Senior members of the opposition Labour party have suggested that the issue could be subject to a vote by lawmakers or even a second public vote, and a law firm has initiated a legal challenge.

Two months ago 52 percent of Britons opted to leave the EU, but since then the process and what it could mean has been shrouded in uncertainty because the exit is unprecedented.
Gus O'Donnell, a former head of the civil service - the UK's professional administrative departments - said he hoped that by the time Britain leaves the EU it could be part of a "more loosely aligned" EU bloc because the process will take "years and years and years."
The economic impact of Brexit is also unclear because, beyond a more than 10 percent fall in the value of sterling against other currencies, the signals are so far mixed.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates