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

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

Intra-Day Market Moving News and Views
23 Mar 2017 03:20GMT

EUR/USD - ..... Yesterday's range was 1.0776-1.0825, so euro has more or less erased Wednesday's gain to a fresh 5-week high of 1.0825 made in New York morning.
However, failure to take out February's peak at 1.0829 led to broad-based long liquidation in the EURO esp vs USD, YEN and GBP.

Although intra-day weakness in Asia suggests range trading is in store, as long as 1.0780-70 sup area holds.
Euro's recent upmove is set to continue later in the day especially if Trump health care gets voted down by the U.S. Congress later today.
Bids are noted at 1.0780-70 with stops reported below there.
Offers are tipped at 1.0810/20 with stops above 1.0830/35.

Pay attention to release of a slew of euro area eco. data starting with Germany's Gfk consumer confidence, France's business climate, EU eco. bulletin, ECB targeted LTRO n much later at 15:00GMT, EU consumer confidence. ECB board member Nouey will speak at 08:00GMT followed by ECB's Lautenschlager at 15:00GMT.

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

Intra-Day Market Moving News and Views
24 Mar 2017 01:46GMT

USD/JPY - ...... Dlr pares yesterday's losses n climbs in early Asian trading as rebound from Thursday's fresh 4-month low at 110.63 suggests a temp. bottom is possibly in place and traders reported buying by Japanese names (importers) on bargain hunting, intra-day usd firmness in the other G3 signals consolidation with near term upside bias is in store.

Bids have been raised to 110.90-80 with some stops below 110.60.
Offers are tipped at 111.45/55 with stops above there.

Although market's main focus is the vote outcome on Trump health care in New York afternoon, pay attention to release of a slew of U.S. data starting with key durable goods n Markit mfg and then services PMIs. Fed's Evans, Yellen, Bullard and Dudley are scheduled to speak later today.

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AceTraderFx Mar 27: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
27 Mar 2017 01:22GMT

USD/JPY - ...... Dlr languishes near intra-day fresh 4-month trough of 110.26 in early Tokyo trading.
Although the pair opened flat around 111.22 in New Z, a bout of broad-based USD selling sent price lower, tripping some stops below 110.50, however, as intra-day decline looks a wee bit over-extended, reckon 'psychological' 110.00 level would hold on 1st testing.

Intra-day selloff in the Nikkei (currently down 1.66% at 18943) plus continued decline in U.S. yields (benchmark 10-year yield is near 1-month low of 2.3670%) are likely to weigh on the greenback.
Offers have been lowered to 110.60/70 and more above with stops above 111.00.
Bids are touted at 110.30-20 and more below with stops below 110.00.

U.S. calendar is very light with Dallas mfg. activity index being the only data due out at 15:30GMT. Chicago Fed E


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AceTraderFx Mar 28: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
28 Mar 2017 02:00GMT

USD/JPY - 110.60.. The greenback finally gained respite in Asia after hitting a fresh 4-month trough of 110.11 at New York open yesterday, however, broad-based rebound in the USD after U.S. financial markets closed little changed triggered short covering, the pair rebounded to 110.68 and then climbing to intra-day high of 110.83 shortly after Tokyo open as the Nikkie gained over 1%.

Looks like Monday's 110.11 low would hold from here and yield consolidation with mild upside bias, so for intra-day trade, buying dlr on dips is favoured after early currency comments by FinMin Ishihara (the first by a Japanese official in several weeks).
Bids are noted at 110.50-40 n more below with stops reported below 110.00.
Offers are tipped at 110.80/90 with some stops above 111.00.

A slew of U.S. eco. data will be released later in the day starting with good's trade balance, wholesale inventories, Redbook retail sales, CaseShiller home price, consumer confidence and Richmond Fed manufacturing index.

Today is another Fed speak day starting with Kansas City Fed President George, Fed's chair Yellen and Dallas Fed President Kaplan.

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AceTraderFx Mar 29: Intra-Day Market Moving News and Views -EUR/GBP

Intra-Day Market Moving News and Views
29 Mar 2017 02:43GMT

EUR/GBP - 0.8715.. Sterling tumbled broadly in post -NY close after U.K. PM May signed off formal letter to trigger Brexit. Cable easily penetrated Tuesday's New York's 1.2442 low to 1.2377 at Asian open before staging a short covering rebound.

Reuters reported earlier Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union.
On the eve of Brexit, May, 60, has one of the toughest jobs of any recent British prime minister: holding Britain together in the face of renewed Scottish independence demands, while conducting arduous talks with 27 other EU states on finance, trade, security and a host of other complex issues.
The outcome of the negotiations will shape the future of Britain's $2.6 trillion economy, the world's fifth biggest, and determine whether London can keep its place as one of the top two global financial centres.

For the EU, already reeling from successive crises over debt and refugees, the loss of Britain is the biggest blow yet to 60 years of efforts to forge European unity in the wake of two devastating world wars.
Its leaders say they do not want to punish Britain. But with nationalist, anti-EU parties on the rise across the bloc, they cannot afford to give London generous terms that might encourage other member states to follow its example and break away.

Within 48 hours of reading the letter, Tusk will send the 27 other states draft negotiating guidelines. He will outline his views in Malta, where from Wednesday he will be attending a congress of centre-right leaders. Ambassadors of the 27 will then meet in Brussels to discuss Tusk's draft.

The course of the Brexit talks is uncertain.
May has promised to seek the greatest possible access to European markets but said Britain will aim to establish its own free trade deals with countries beyond Europe, and impose limits on immigration from the continent.

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AceTraderFx Mar 30: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
30 Mar 2017 03:37GMT

USD/JPY - 111.32.. Dlr continued this week's ascent from Monday's fresh 4-month trough at 110.11 to 111.43 in Asian trading above penetrating yesterday's 111.32 high on renewed cross-selling in yen as well as continued broad-based USD strength vs G4 currencies.
Traders cited mildly hawkish comments by 3 Fed officials (Evans, Rosengren n Williams) in New York session Wenesday gave them reason to buy the greenback, yesterday's rebound in U.S. treasury yields also supported the pair in New York trading.

Pay attention to release of a slew important U.S. eco. data later in the day starting with GDP , core PCE and weekly jobless claims, all due out at 12:30GMT.
Fedspeak continues today in the order of Fed's Mester, Fed's Kaplan, Fed's Williams n Fed's Dudley.
So USD may receive another shot in the arm if some of them suggests we may get 3 more rate hikes instead of 2 in 2017.

Bids have been raised to 11.10-00 n more below with stops below 110.70. Some offers are tipped at 111.45/55 with stops above 111.60, more stops are touted above 112.00.

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AceTraderFx Mar 31: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
31 Mar 2017 03:08GMT

USD/JPY - ..... Dlr continues its recent winning streak and climbed above Thursday's 111.94 top to a 1-week high of 112.15 today after Tokyo open as renewed cross-selling in yen due partly to higher open in the Nikkie (N225 is currently up 117 points at 19,180), suggesting price set to make further gain due to broad-based USD strength plus rebound in U.S. yields (benchmark 10-year yield is at 2.4161%, up from Monday's low at 2.348%) after release of upbeat U.S. data this week.
Bids are noted at 111.80-70 and more below with stops below 111.50.
Some offers are tipped at 112.15/25 with stops above 111.30.

Pay attention to U.S. personal income, personal consumption expenditure, Chicago PMI and consumer confidence later in the day.
We also have Fed's Kashkari and Bullard speaking during New York morning session.

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AceTraderFx Apr 05: Intra-Day Market Moving News and Views - USD/JPY

Intra-Day Market Moving News and Views
05 Apr 2017 03:10GMT

USD/JPY - 110.73.. Dlr gains respite in Wednesday trading after having fallen sharply for 2 consecutive days this week. Despite yesterday's weakness to 110.27 at New York open, release of narrowing U.S. trade deficit triggered intra-day short covering in the greenback, price rebounded to 110.81 on broad-based yen selling, price then briefly hit a high of 110.91 ahead of Tokyo open begre retreating.

Looks like price has hit a temp. low and range trading is in store, however, reported offer at 110.90/95 should put a lid on the upside.
Bids are noted at 110.65-60 and more below with large stops touted below 110.00.

Market's focus is FOMC minutes later in the day, ahead of that, U.S. will release a slew of eco. data starting with MBA mortgage applications, then key ADP private payrolls, Markit services PMI n ISM non-mfg PMI.

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AceTraderFx Apr 06: Intra-Day Market Moving News and Views - USD/JPY

Intra-Day Market Moving News and Views
06 Apr 2017 02:25GMT

USD/JPY - 110.54.. Dlr remains on the back foot in choppy Tokyo trading on Thursday after yesterday's roller-coaster ride, whipping both USD bears and bulls (in that order).

Despite finding renewed buying interest at 110.54 in Asia and climbed on renewed cross-selling in yen, price then rallied to 111.44 after key U.S. ADP private jobs report came in sharply higher than street forecast.
Dlr later climbed to session highs of 111.46 after release of Fed minutes but only to tumble to 110.57 on broad-based long USD liquidation.
Price remained under pressure in Australia and hit intra-day low of 110.29 in Asia.

Although traders cited yesterday's USD weakness post Fed minutes New York session as risk-off action ahead of summit meeting between U.S. President Trump and China's President Xi later today as well as profit taking ahead of Friday's U.S. jobs report, the safe-haven Swiss franc weakened against the euro.
Anyway, intra-day dlr weakness suggests market is now keen to re-test March's 4-month low at 110.11 and stops below 110.00 are now in focus.
Offers are tipped at 110.60/70 and more at 110.90/00 with some stops above there.

U.S. initial weekly jobless claims is the only data due out for today n S. Francisco Fed President Williams will be speaking later at 13:30GMT.

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AceTraderFx Apr 07: Intra-Day Market Moving News and Views - USD/JPY

Intra-Day Market Moving News and Views
07 Apr 2017 03:02GMT

USD/JPY - 110.46.. Just when you think Asian market will be quiet ahead of release of key U.S. jobs data later today, a state of brief pandemonium occurred when news of U.S. missile strike against Syria came out.
The pair fell from intra-day high of 111.00 to as low as 110.14 as traders bought the Japanese yen broadly vs usd, eur, gbp, aud and nzd on risk aversion.

Price later recovered on short covering ahead of Tokyo lunch break after 59 U.S. tomahawk missiles were fired at Syrian military base and a brief press conference by U.S. Trump on his decision to launch the attack.

Looks like range trading will take over as market awaits reaction from Europe.
Some offers are tipped at 110.50/60 with stops above 110.75, more selling interest is noted at 110.09/00 with stops above 111.15.
Initial bids are reported at 1110.15-00 area with stops reported below 110.00.

Because of current 'geo-political' tension in the Middle East, U.S. jobs report may have a lesser impact as investors are expected to take risk off the table ahead of the weekend as situation on Syria may worsen if Russia intervenes, so it is best not to hold long dlr/yen position over the w/end even though U.S. payrolls increase is higher than street forecast of 180K.

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