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

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AceTraderFx Jan 09: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
09 Jan 2018 03:15GMT

USD/JPY - 112.60.. The Japanese yen captured market attention in New York morning on Mon n gained broadly vs usd, eur, gbp and aud.

Despite initial recovery to 113.18 in Australia, the yen took centre stage again in Asian morning and rallied strongly after Reuters reported the BoJ has trimmed its long-term bond purchase on Tuesday, price tumbled to 112.50 before staging a minor short-covering bounce ahead of Tokyo lunch break.

Looks like price would remain on the back foot in European trading as European traders are expected to buy the yen on the news, so selling dlr on recovery is the way to go.
Offers are tipped at 112.75/85 with stops above 113.00.
Some bids are noted at 112.50-40 with stops toured below 112.00.

U.S. will release Redbook retail sales and JOLTS jobs opening during New York morning and Minneapolis Fed President Kashkari (non voter) will be speaking at 15:00GMT.

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AceTraderFx Jan 10: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
10 Jan 2018 03:15GMT

USD/JPY - 112.25.. Dlr languished near last Tuesday's 2-week low at 112.06 after intra-day selloff from 112.79 to 112.17 in hectic Asian morning.

Trading the dlr proved to be tricky on Tue as price swung wildly as despite initial fall from 113.18 to 112.50 after BoJ trimmed its bond buying, price rebounded strongly to 112.96 in Europe due to renewed usd's strength but only to succumbed to broad-based yen buying n tumbled to 112.37 in New York morning.
However, intra-day rally in U.S. yields where the benchmark 10-year yield soared to a 10-month high of 2.55% lifted price to 112.68.
Intra-day weakness suggests market is now keen to test previous good sup area at 112.00/06. So selling dlr on recovery is the way to go.
Offers have been lowered to 112.40/50 and more above with stops above 112.80.
Bids are noted at 112.10-00 with stops reported below there.

On the data front U.S. will release MBA mortgage applications, import and export price and wholesale trade data.
A no. of Fed presidents will be speaking later today starting with Chicago Fed's Evans (non voter), Dallas Fed's Kaplan (non voter) n lastly St. Louis Fed's Bullard (non voter).

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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 2018 03:15GMT

EUR/USD - 1.1967.. Euro moves narrowly in subdued Asian morning as Asian traders are on the sideline after yesterday's roller-coaster move. Despite meeting renewed buying at 1.1923 ahead of European open and then a brief but sharp jump to 1.2018 at London midday due to usd's selloff on the China news, North American traders sold the euro steadily throughout New York session and pushed price back down to 1.1941 in the afternoon, suggesting range trading would continue in European morning.

Looks like consolidation is the order of the way with buyer on dips and sells on rallies.
Bids are noted at 1.1945-40 n more below with stops below this week's low at 1.1916.
Offers are tipped at 1.1975/85 ans more above with stops reported above 1.2020.

On the eco. data front, Germany will kick off with GDP, Italy's retail sales, EU industrial production n ECB will release minutes of its last monetary policy meeting (a potential market mover) at 12:30GMT.

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AceTraderFx Jan 12: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
12 Jan 2018 04:00GMT

USD/JPY - 111.27.. Dlr remains on the back foot in fairly choppy Asian morning after yesterday's selloff in Europe and then New York to a fresh 6-week trough of 111.05.

Traders citing usd's selloff ahead of New York open due to rally in euro after release of hawkish ECB minutes and then sharp fall in U.S. yields on good demands in U.S. 30-tear bond auction were the key drivers for the pair's decline.

Although short-term specs tried to knock dlr down at Tokyo open on stop hunting, buying interest (Japanese importers on bargain hunting) at 111.06 quickly lifted the pair to 111.35, suggesting range trading would continue in Europe.
Offers are tipped at 111.35/45 n more above with stops above 111.90/00.
Bids are noted at 111.10-00 with stops below there, however, more stops are touted below November's bottom at 110.84.

As mentioned in yesterday's update, market will pay close attention to release of U.S. retail sales n CPI data, if bother set of numbers come out below street forecast, then be prepared for another round of usd bashing..... T.G.I.F....

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AceTraderFx Jan 15: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
15 Jan 2018 03:30GMT

USD/JPY - 110.77.. Dlr remains on the back foot after languishing above Monday's 4-month trough of 110.63 after intra-day break of Friday's 110.92 (New York) low at 110.92, then 110.84 (November bottom).

The fact that price is unable to stage a short-covering rebound suggests downside bias remains for further weakness after consolidation, present retreat in U.S. yields adds credence to this view, however, steep fall is not envisaged in European trading due to near term loss of downward momentum.

Offers have been lowered to 110.90/00 with stops above 111.20.
Bids are noted at 110.65-60 n more below with stops below 110.50.

No U.S. data is due out later today as U.S. markets are closed are closed for Martin Luther King Jr holiday.

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

Intra-Day Market Moving News and Views
16 Jan 2018 03:30GMT

EUR/USD - 1.2265.. Euro is in consolidative mode in subdued Asian trading today after Monday's rally to a fresh 3-year peak of 1.2297.
However, subsequent sideways swings in quiet North American session suggests further range trading is in store until European open as market awaits release of German inflation at European open, if actual come in higher than forecast, then this will give euro bulls another reason to bid the single currency higher.

For now, offers are tipped at 1.2280/90 with some stops above 1.2300.
Bids are noted at 1.2250-40 with stops below 1.2220.

On the eco. dat front, Germany will kick off with CPI, HICP n wholesale price index, then France's budget balance and then Italy's trade balance plus CPI.

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AceTraderFx Jan 17: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
17 Jan 2018 03:20GMT

USD/JPY - 110.65.. Dlr rises in hectic Asian trading on active short covering after yesterday's resumption of decline to a fresh 4-month trough of 110.25 as selloff in the Dow (the DJI index fell from record highs of 26086 to 25702) spoofed investor and led to broad-based yen buying on risk aversion.

Despite initial renewed usd's weakness shortly after Tokyo open on news of a possible U,S. govt. shutdown (see early update) which briefly knocked the pair to 110.20, renewed dlr buying quickly emerged n lifted price higher to 110.68 ahead of Tokyo lunch break, suggesting recent decline has made a temp. low and upside bias is seen for further retracement towards Tuesday's 110.98 high after consolidation.
Bids are noted at 110.50-40 n more below whilst offers are tipped at 110.85/90 with stops touted above 111.00/10.

On the data front, U.S. will release MBA mortgage applications, Redbook sales, industrial prod., capacity ultization, manf. outpt, NABH housing market index and Fed's beige book. 3 Fed Presidents will be speaking in New York afternoon starting with Chicago Fed's Evans, Dallas Fed's Kaplan and Cleveland Fed's Mester.

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

Intra-Day Market Moving News and Views
18 Jan 2018 03:00GMT

USD/JPY - 111.30.. Despite continuing recent decline yesterday and falling for 7 consecutive days to a fresh 4-month trough of 110.20 shortly after Asian open, dlr rallied on short covering to 110.93 in Europe, then later to 111.35 in late New York trade on broad-based usd rally due partly on rising U.S. Yields and U.S. stocks where the Dow closed at record highs.

Intra-day firmness suggests upside bias remains for further gain after near term consolidation is over as yesterday's rally above previous res at 110.93/98 (now sup) signals a long-overdue correction has taken place.
Bids are noted at 111.20-00 with stops below there, more buying interest is reported at 110.80-70 with stops below 110.60 (New York low).
Offers are tipped at 111.35/45 with stops above 111.50, more stops are touted above 111.90.

Later today, U.S. will release a slew of eco. data starting with weekly jobless claims, housing starts, building permits, Philly Fed survey n to end the day, Cleveland Fed's Mester (voter n a hawk) will speak on monetary policy at the Council for Economic Education's Economists on the Economy in New York at 23:05 GMT (this means Friday for AsiaPac traders).

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AceTraderFx Jan 19: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
19 Jan 2018 03:00GMT

USD/JPY - 111.01.. Dlr orbits 111.00 handle in directionless Tokyo morning after yesterday's intra-day strong retreat from 111.48 (Asia) to 110.70 near New York midday due to renewed market jitters of a possible U.S. govt. shut down, however, rising U.S. yields lifted price back up to 111.20 near the close.

Despite U.S. stopgap bill was passed by the U.S. House, as it needs to go through the tough Senate in order to prevent a shutdown by the end of Friday, dlr is not out of the woods, so usd buyers are hesitant to push the pair higher, suggesting range trading would prevail for the time being.
Bids are noted at 110.95-85 with stops below 110.70.
Offers are tipped at 111.20/30 with stops above 111.50.

The only eco. data due out later today is University Michigan consumer confidence at 15:00GMT, however, pay attention to speeches by Fed's Bostic, Fed's Quarles and Fed's Williams. As market showed muted reaction to 'hawkish' Cleveland Fed Mester's hawkish (pun intended) comments (see early update) ahead of Asian open, one can expect market will not react to their speeches also. T.G.I.F.

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

Intra-Day Market Moving News and Views
22 Jan 2018 03:00GMT

USD/JPY - 110.78.. Despite initial lower open on Monday to 110.53 due to usd's broad-based weakness following U.S. govt. shutdown, the pair edged higher in Tokyo trading as the greenback pared intra-day losses, present rising U.S. yields where benchmark 10-year rose above Friday's 3-1/2 year high of 2.663% to 2.672% also lends sup to the buck.

Looks like range trading above Friday's 110.49 low would continue until European open.
Bids are noted at 110.60-50 with stops building sup below last week's low at 110.20, however, there is market chatter of option defence at 110.00.
Offers are tipped at 111.85/95 with stops above 111.0, more stops are reported above 111.20.

U.S. eco. calendar is pretty light with Chicago Fed National Activity index being the only data due out but market may pay attention to vote outcome of the stopgap spending measure by the Senate which has been rescheduled to 17:00GMT later today.

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