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

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

Intra-Day MarMoving News and Views
28 Apr 2017 02:40GMT

USD/JPY - .... Dlr has come under renewed selling pressure in early Asian trading as comments by U.S. Trump on Noeth Korea has stoked fear on the Korean Peninsula, prompting broad-based yen buying on risk aversion, the pair fell from 11.36 to 111.07.

As yesterday's intra-day decline from 111.60 to 111.05 in New York morning due to falling U.S. yields suggests further choppy trading below Wednesday's 3-week high at 111.77 would continue, selling dlr on recovery is still favoured.
Offers have been lowered to 11.30/40 and more above with stops above 111.80, some bids are noted at 111.05/110.95 with stops below 110.80.

Looking at the eco. calendar, you won't think today is the last day of the month by the colossal no. of data from Japan, other G7 countries as well as the U.S.
Pay attention to important U.S. Q1 GDP, PCE, core PCE, Chicago PMI and University of Michigan consumer confidence. Sty. Louis Fed President Bullard (non-voter) will speak at 17:15GMT n then Philly Fed President Harker at 18:30GMT.

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AceTraderFx May 2: Intra-Day Market Moving News and Views- EUR/USD

Intra-Day MarMoving News and Views
02 May 2017 03:00GMT

EUR/USD - 1.0911.. The single currency moves narrowly in subdued Asian trading on Tuesday as many traders are on the sideline after returning from yesterday's holiday following the mini roller-coaster moves in holiday-thinned Monday's session.

Today is PMI (mfg) day in the euro zone countries n traders may take cue from the data of whether to test euro's upside or downside later in the day.
Offers are tipped at 1.0920/30 and more above with stops reported above 1.0955, bids are noted at 1.0885-80 with some stops below there, however, more buying interest is touted at 1.0860-50 with fairly large stops below 1.0850.

Italy will kick off by releasing April mfg PMI, then France, Germany, Italy's unemployment rate, EU PMI and then unemployment. ECB board member Nouy will be speaking at 06:30GMT.

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

Intra-Day Moving News and Views
04 May 2017 03:02GMT

EUR/USD - 1.0891.. Euro continued to swing wildly inside recent established broad range in Wed's session. Price initially rose to 1.0937 in Asia yesterday n then fell to 1.0905 in New York morning before staging a short-covering rebound. Despite initial knee-jerk price action after Fed's expected unchanged rate decision, euro tumbled from 1.0926 to 1.0883 on hawkish Fed's policy statement.

Although intra-day recovery from 1.0882 (AUS) suggests range trading is in store, market may test euro's downside bias in Europe esp. if EZ eco. data come in below street forecast.
Offers are tipped at 1.0900/05 n more above with stops above 1.0940, a mixture of offers n stops is reported at 1.0950/55.
Bids are noted at 1.0885-80 with stops below there but more bids are touted at 1.0855-50 with stops below there.

Today is PMI day for the services sector, pay attentention to Italy's Markit PMI, the same from France, then Germany and the EU. ECB members will be speaking today starting with Lautenschlager at 10:30GMT, Praet at 11:00GMT, Mersch at 11:35GMT and last but not least, ECB President at 16:30GMT, he will deliver a speech at an event in Lausanne, Switzerland.

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AceTraderFx May 5: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
05 May 2017 03:00GMT

USD/JPY - 112.60.. Dlr pares yesterday's losses in New York session after falling from a 7-week high of 113.05 to 112.33 in New York session. Although initial retreat was due to profit taking, release of weaker-than-expected U.S. factory goods orders which led to broad-based usd weakness accelerated intra-day decline.

Dlr's intra-day rebound in holiday-thinned Asian trading (Japanese financial markets for closed for a 3 consecutive days for Golden Week holiday) suggests sideways swings above 112.33 would be seen.
However, offers are tipped at 112.70/75 and more above should cap upside. Initial bids are noted at 112.40-30 with stops below 112.25, more buying interest is reported above 112.00.

Despite forming a temp. top at 113.05, dlr may well make further gain if U.S. jobs report comes out stronger than street forecast. NFP is expected to show a an increase of 185K whilst monthly ave. earnings are expected to rise by 0.3%, if both numbers beat expectations, dlr may head towards 113.40/50 but if they disappoint, then brace for stronger downward correction in the dlr.

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AceTraderFx May 8: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
08 May 2017 03:17GMT

USD/JPY - 112.75.. Despite initial rise to a fresh 7-week high of 113.10 due to rally in eur/yen which hit a 1-year high of 124.56 at NZ open, intra-day retreat in the euro resulted in a sharp retreat in the eur/yen (the cross pair tumbled to 123.40), dragging dlr to 112.60 along the way, suggesting recent cross-inspired upmove has made a temp. top and sideways trading is in store.

Having said that, intra-day rally in the Nikkei (N225 index currently up 1.8% or 350 points at 19,795) should boost risk appetite and renewed yen selling may well emerge in European morning, so buying on dips is still favoured.
Bids are noted at 112.60-50 with stops below there, more buying interest is noted at 112.20-10 with stops below 112.00.
Offers are tipped at 112.90/00 with stops above 113.10.

U.S. eco. calendar is empty today but 2 Fed officials will speak later in the day starting with St. Louis Fed President Bullard (non-voter) at 12:35GMT and then Cleveland Fed President Mester (also non-voter) at 12:45GMT.

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AceTraderFx May 09: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Moving News and Views
09 May 2017 02:12GMT

EUR/USD - 1.0930.. Euro remains on the back foot in subdued Asian trading after falling sharply from a near 6-month high of 1.1024 (New Zealand) to as low as 1.0917 in New York morning on broad-based selling in the euro vs usd, yen and sterling after expected election win by France's Macron.

Although it is obvious the single currency has hit a temp. top n consolidation with near term downside bias remains for a wee bit more of long liquidation, further steep fall is unlikely as euro zone eco. data remain pretty upbeat, so position taker can look to load up new euro positions on dips.
For now, offers are tipped at 1.0955/65 n more above with stops reported above 1.1000.
Initial bids are noted at 1.0920/00 with stops below 1.0900, however, more buying interest is reported at 1.0890-80.

Pay attention to slew of data from euro area countries starting with Germany's industrial production, exports and imports. trade balance, then France's budget balance and the retail sales from Italy.
At 16:00GMT, German FinMin Schaeuble will attend Townhall event in Berlin and may well make a speech.

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AceTraderFx May 09: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 09 May 201705:10 GMT

EUR/USD - 1.0930
Although euro's decline from a near 6-month peak of 1.1024 to as low as 1.0917 (New York) suggests recent uptrend has made a temporary top and several days of choppy consolidation is in store, near term oversold condition should keep price well above 1.0876 sup and bring rebound later today, however, reckon 1.1000 should cap upside.

On the downside, only below 1.0876 risk stronger retracement towards next sup at 1.0852 before prospect of a rebound.

Data to be released today:
Swiss unemployment rate, Germany industrial output, exports, imports, trade balance, France budget balance, Italy retail sales.
Canada building permits, U.S. Redbook retail sales, wholesale sales and wholesale inventories.

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

Intra-Day Moving News and Views
10 May 2017 03:06GMT

USD/JPY - 113.82.. Dlr pares yesterday's impressive gain after rallying in European and New York sessions to an 8-week peak of 114.32 on broad-based yen selling due to improved risk sentiment, however, news of N. Korea would continue its nuclear test programmes (see 00:42GMT update) n the abrupt sacking of FBI chief by President Trump triggered broad-based unwinding of recent short yen positions, knocking the pair back down to 113.76 in New York afternoon, then 113.63 ahead of Tokyo open after tripping some stops below 113.70.

Looks like dlr will take a breather after recent strong ascent n broad sideways swings are in store, however, market sentiment remains to buy the greenback on dips.
Bids are noted at 113.65-55 with stops below 113.50, more stops are reported below 113.00.
Offers are tipped at 114.20/30 with stops above 114.50.

U.S. will release a slew of eco. data starting with MBA mortgage applications, import n export prices. At 16:00GMT, Boston Fed Rosengren (non-voter) will be speaking, then followed by Minneapolis Fed Kashkari (voter) at 17:20GMT.

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AceTraderFx May 11: Intra-Day Market Moving News and Views -GBP/USD

Intra-Day Moving News and Views
11 May 2017 03:06GMT

GBP/USD - 1.2936.. Sterling remains on the back foot in subdued Asian trading ahead of BoE Super Thursday where the central bank will announce its rate decision, minutes of MPC meeting and the release of BoE Quarterly Inflation Report at 11:00GMT, then subsequent press conference by Governor Mark Carney at 11:30GMT.

Analysts are divided what message BoE or Carney will convey to the market, although all expect BoE to stand pat on rate decision, some expect more hawkish MPC minutes with external member Michael Saunder to join his peer Kristin Forbes to vote for a hike.
However, the main event is Carney's press conference. Despite market expectation of a possible hike later in the year, analysts are divided on future rate change due to downbeat UK GDP growth. So stay tune as one thing for sure, cable will pretty sharply be either moving up or down during the press conference.

For now, bids are noted at 1.2930-20 with stops below 1.2900, offers are tipped at 1.2960/70 n more above with stops above 1.3000. UK will release construction output, industrial output and manf. output ahead of BoE Super Thursday.

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

Intra-Day Moving News and Views
12 May 2017 02:02GMT

USD/JPY - 113.78.. Dlr is nursing loss in subdued Asia trading after yesterday's intra-day decline from 114.37 (AUS) to as low 113.32 in New York morning on active unwinding of recent short yen position. Although price staged a modest bounce to 123.92 in New York afternoon, consolidation with downside bias is in store as more long dlr positions may be unwound in Europe due to retreat in U.S. Treasury yields and the Nikkie (the N225 is in the red, down about 73 points at 15,888).

Offers are tipped at 114.00/10 and more above with stops above 114.50.
Initial bids are noted at 113.70-60 with stops below 113.30, more buying interest is reported at 113.10-00 area.

BoJ board member Harada will speak at 04:15GMT. Pay attention to U.S. retail sales and CPI data at 12:30GMT which are expected to show rather upbeat reading, if actual come in better than forecast, then usd wud meet renewed buying and head higher.
Later, Chicago Fed President Evans (voter) will deliver a speech at the 56th ACI Financial Markets Association World Conference on Helsinki at 13:00GMT, then Philadelphia Fed President Harker (voter) will speak at 16:30GMT in Philadelphia.

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