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

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

Intra-Day Market Moving News and Views
10 Apr 2017 02:01GMT

USD/JPY - 111.43.. Dlr extended Friday's rally in post-NFP after New York Fed Dudley's hawkish comments and climbed above Friday's 111.36 high to 111.58 after meeting renewed buying earlier at 111.02 in New Zealand.
As price has completely shrugged of Friday's U.S. missile strike on Syria and downbeat U.S. payrolls (caused by severe snow storms) together with rising U.S. Treasury yields (currently 2.3876%, up from Friday's close of 2.373%) and steady performance in the Nikkie (currently up 67 points at 18664), buying dlr on dips is favoured due to return of risk appetite on broad-based gain the the greenback.

Bids are noted at 112.20 and more at 111.00 with stops below there, offers are tipped at 111.70/75 with stops above 112.00.

After speaking on Bloomberg TV earlier, St. Louis Fed President James Bullard (non-voter in 2017 FOMC) will make a speech in Melbourne at 03:05GMT.
Later today, fed Chia Yellen will participate at a forum organised by University of Michigan at 20:10GMT.

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AceTraderFx Apr 11: Intra-Day Market Moving News and Views- USD/JPY

Intra-Day Market Moving News and Views
11 Apr 2017 02:15GMT

USD/JPY - ...... In stark contrast to yesterday's firmness in Asia, dlr remains under pressure after intra-day break of New York low at 110.81 to 110.62 at Asian open due to renewed broad-based yen buying.
However, modest buying interest by Japanese names (importers) contained weakness, suggesting range trading is in store.

Traders cited active yen buying in New York morning just ahead of European closing due partly to falling U.S. Treasury yields and renewed geo-political tensions were the causes of dlr's weakness n more choppy sideways swings are expected.
Offers are tipped at 110.90/00 with stops above 111.20, bids are noted at 110.65-60 with stops below there, however, there is market report of good buying interest at 110.20/00 area.

U.S. economic calendar is very light today with Redbook retail sales bring the only data due out.
Later in the day, Minneapolis Fed President Neel Kashkari (voter) will be speaking at 17:45GMT.

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

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

USD/JPY - 109.45.. Dlr remains on the back foot in Asian trading, hovering just above intra-day fresh 4-1/2 month trough at 109.35.
Despite trading narrowly at Tokyo after yesterday's selloff below psychological 110.00 level to 109.61 in New York, then 109.53 in Australia as renewed geopolitical tensions plus falling U.S. Treasury yields have triggered active yen buying on risk aversion.

The pair fell again when Reuters reported Japan's navy plans joint drills with the U.S. Navy's Carl Vinson carrier strike group and are heading towards the Korean Peninsular.
Looks like price will move lower in Europe when European traders react negatively to the news, so selling dlr on recovery is the way to go.
Offers are tipped at 109.75/85 and more above with stops above 110.15.
Some bids are noted at 109.35/25 with stops below 109.00.

U.S. will release MBA mortgage applications, import n export prices and U.S. budget. Dallas Fed President Kaplan (voter) will be speaking at 14:00GMT.

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AceTraderFx Apr 13: Intra-Day Market Moving News and Views- EUR/USD

Intra-Day Market Moving News and Views
13 Apr 2017 03:17GMT

EUR/USD - 1.0672.. Just when euro bears thought they had the upper hand by pressuring the single currency lower in New York session and pushing price from 1.0622 to 1.0590, USD-bearish comments by U.S. Trump sparking off a wave of broad-based USD bashing, the pair rallied strongly to 1.0675 in relatively thin New York afternoon trade n price inched higher to 1.0678 as renewed dlr/yen weakness and rally in the Aussie triggered more USD selling in Asia.

There is a slew of eco. data coming out during European morning starting with German inflation data, the same from France and then Italy.

Although yesterday's rally confirms recent downtrend has made a temp. low at Monday's fresh 4-week trough of 1.0571 and consolidation with near term upside bias with more liquidation of recent long USD (or short eur/usd) positions ahead of Friday's long Easter weekend holiday, as U.S. markets are open for business as usual and will release key U.S. retail sales and CPI data, if these data come out stronger than street forecast, then beware of another selloff esp. vs EUR in thin New York session.

For now, buying euro on dips is still preferred, bids are noted at 1.0660-50 with stops below 1.0630, some offers are tipped at 1.0680/90 with stops touted above 1.0700/05.

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AceTraderFx Apr 20: Intra-Day Market Moving News and Views- USD/JPY

Intra-Day Market Moving News and Views
20 Apr 2017 02:18GMT

USD/JPY - 109.00.. The pair swung fairly wildly in Wednesday trading. Despite rising steadily from 108.38 (Australia) on continued cross-selling in yen in Asia on then dlr-supportive comments by U.S. Treasury Secretary Mnuchin during European morning and then gain to session highs of 109.18 in New York morning, price fell back to 108.69/70 in New York afternoon on cross unwinding in yen.

Today, dlr has ratcheted higher in Asia as modest gain in the Nikkie plus rebound in U.S. Treasury yields (benchmark 10-year yield has risen from Tuesday's 5-month low of 2.165% to 2.214% today) have boosted risk appetite, suggesting choppy sideways swings with near term upside bias remains.

Bids are noted at 108.80-70 with some stops below there, more buying interest is reported at 108.40-30.
Offers are tipped at 109.15/25 with stops touted above 109.40.

U.S. will release weekly jobless claims, Philly Fed business survey n leading indicators. Fed governor Powell will speak at a financial forum at 12:00GMT.

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AceTraderFx Apr 21: Intra-Day Market Moving News and Views- USD/JPY

Intra-Day Market Moving News and Views
21 Apr 2017 01:05GMT

USD/JPY - ..... Dlr maintains a firm undertone after yesterday's cross-inspired rally from 108.72 (Europe) to 109.48 in New York n as intra-day weakness in eur/usd has led to broad-based usd strength, the pair may edge higher as o/n rally rally in the Dow ( DJI close up 174 points at 20578 ) and rebound in U.S. Treasury yields have boosted risk sentiment.

Bids are noted at 109.10-00 and more below with stops reported below 108.70.
Offers are tipped at 109.40/50 with stops above there.
However, more selling interest is noted at 109.80/90 with stops above 110.00.

U.S. will release Markey mfg and services PMIs and existing home sales later today.
G20 FinMins and central bank governors will start a 2-day meeting in Washington.

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AceTraderFx Apr 24: Intra-Day Market Moving News and Views- EUR/USD

Intra-Day Market Moving News and Views
24 Apr 2017 02:17GMT

EUR/USD - 1.0831.. To call Monday's market price action in early New Zealand trading on the G7 currencies 'pandemonium' is rather appropriate as expected (according to earlier poll results) win by France's centrist Macron in the 1st round of French Presidential election triggered broad-based short covering buying in the single currency triggered a gap-up open in euro.

Price opened around 1.0900 and climbed to a 5-month peak of 1.0939 (Reuters) but only to come off steadily lower in Australia, then in Asian morning, suggesting the single currency is vulnerable to more selling as initial brief short-covering buying is over.

Order book is obviously very thin as most of recently placed stops above 1.0900/10 has been executed, Asian traders have been short-term sellers but market is look to European traders for their reaction, so do not be surprised if euro ratchets back down to 1.0683 (Friday low) in the next day of two.

The only eco. data due out in the euro area is the important German Ifo business sentiment index, street forecast for April to come in at 112.5 vs previous reading of 112.3.

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

Intra-Day Market Moving News and Views
25 Apr 2017 02:13GMT

USD/JPY - 109.98.. Although dlr met renewed selling at 110.34 at New York open and fell to session lows of 109.66 near Monday's close on cross-buying in yen despite broad-based rally in global stocks (Dow closed up 216 points at 20763) and some cited retreat in U.S. Treasury yields as possible reason.

The pair slipped to intra-day low of 109.60 ahead of Asian open (financial markets in New Zealand and Australia are closed for Anzac Day holiday) before rebounding to 110.08 in Asia, suggesting pullback from yesterday's 1-week high at 110.61 (New Zealand) has made a low and range trading is in store.
As indicated in previous update, pay attention on breaking news of any military activities (missile testing) by North Korea as today is the 85th anniversary of the Korean People's Army.

Bids are noted at 109.70-60 with stops below there, offers are tipped at 110.25/35 with stops above there.

U.S. will release of a slew of eco. data starting with Redbook retal sales, Caseshiller home price, consumer confidence, new home sales and Richmond Fed mfg index.

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

Intra-Day Market Moving News and Views
26 Apr 2017 04:49GMT

USD/JPY - ..... Dlr stands tall in active trading in Asia on Wed following yesterday's spectacular rally from 109.60 n then break of Mon's 110.61 high to a 2-week peak of 111.19 in New York as broad-based rally in global stocks and rising U.S. Treasury yields had boosted risk appetite.

The pair initially dipped to 110.97 in Australia b4 rising again at Tokyo open, price climbed to 111.39 after tripping lights stops above 111.20 b4 retreating. Looks like range trading is in store until European open and with Asian bourses are all in the black n benchmark U.S. 10-year yield trading slightly above yesterday's high (currently at 2.3376%), buying dlr on dips is the way to go.

Bids are noted at 111.00/110.90 n more below with stops below 110.60.
Offers are tipped at 111.30/40 n more above with stops reported above 111.60.

U.S. eco. calendar is pretty light today with MBA mortgage applications n building permits being the only data due out. Pay attention to White House briefing on N. Korea to the Senate at 19:00GMT.

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

Intra-Day MarMoving News and Views
27 Apr 2017 05:28GMT

USD/JPY - 111.21.. Dlr pares intra-day losses in NEW YORK session after yesterday's dlr buying in expectation of official unveiling of Trump's tax plan turned to broad-based selling as the plan lacked specific details, the pair fell from a 3-week peak of 111.77 to as low as 110.88.
However, short covering ahead of lifted price to 111.41 in early Tokyo trading.

As the pair has shown muted reaction to BoJ's unchanged policy decision, range trading below said Wed's 111.77 high is expected to continue as market awaits the usual BoJ Gov. Kuroda's press conference at 06:30GMT.

Offers are tipped at 111.40/45 and more above with stops above 111.80.
Initial bids are noted at 111.00-110.90 with stops below 110.80.

After BoJ's press conference, pay attention to release of a slew of U.S. data starting with initial jobless claims, durable goods orders, wholesale inventories n pending home sales.

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