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

[acetraderfx]

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

Intra-Day Market Moving News and Views
17 Jul 2017 02:10GMT

USD/JPY - 112.63.. Dlr traded relatively narrowly in holiday-thinned Asian morning as Japanese financial markets are closed for Marine Day national holiday following selloff from 113.58 (Asia) to as low as 112.27 in New York morning after key U.S. CPI and retail sales data missed market forecast, knocking U.S. bond yields lower, however, price later rebounded as U.S. yields staged a recovery.

Looks like range trading above said Fri's 10-day low at 112.27 would continue due to intra-day minor broad-based recovery is the greenback, however, market sentiment remains bearish on the buck, so trading dlr from short side in anticipated of a re-test of 112.27 is favoured.
Offers are tipped at 112.65/75 with some stops above 112.90, more stops are noted above 113.00.
Bids are noted at 112.40-30 with stops below 112.00, more stops are touted below 111.70.

U.S. eco. calendar is pretty thin after Friday's release of a slew of key data and NYT Fed mfg index is the only reading due out at 12:30GMT, so technical trading will prevail for rest of the day.

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

 

[acetraderfx]

AceTraderFx Jul 17: Intra-Day Market Moving News and Views -GBP/USD

Intra-Day Market Moving News and Views
17 Jul 2017 09:00GMT

GBP/USD - 1.3075... The British pound has surrendered some of it's gains after Friday's rise to a fresh 13-month peak at 1.3114 due to profit-taking offers n price has retreated to 1.3070 in early European morning AND continues to remain under pressure.

In the absence of major economic data today from UK, focus will be on the Brexit talks, which commence today. Investors should pay attention to headlines coming out from talks between the EU and UK negotiators.

Offers are now seen at 1.3110/20 and more above at 1.3130/40 with stops building up above there whilst bids are lowered to 1.3040/50, suggesting further choppy trading would be seen.

Data to be released today:
UK house price, GDP, EU CPI, core CPI and U.S. New York manufacturing on Monday.

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

 

[acetraderfx]

AceTraderFx Jul 18: Intra-Day Market Moving News and Views -GBP/USD

Intra-Day Market Moving News and Views
18 Jul 2017 09:27GMT

GBP/USD - 1.3023... Although the British pound traded with a firm bias in Asia and rose to a fresh 13-month peak at 1.3126 in early European morning, price swiftly pared its gains after the release of poor UK inflation data (see previous MMN) and tumbled to as low as 1.3015 n continues to remain under pressure.

Offers are now seen at 1.3050/60 and more above at 1.3080/90 with stops building up above there whilst initial bids are noted at 1.2970/80, suggesting choppy trading with downside bias would be seen.

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

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
19 Jul 2017 03:00GMT

USD/JPY - 112.09.. Dollar gained respite in choppy trading in Tokyo on Wednesday after falling sharply from 112.70 (AUS) to a 2-week low of 111.69 in New York morning yesterday due to broad-based usd weakness.

Selling emerged in early Asian trading Tue on news that Trump's healthcare bill failed to pass in the Congress, this led to broad-based usd bashing n quickly knocked the pair to 111.99. Despite staging a short-covering rebound to 112.37 in Europe, dlr bears gave the greenback another hard beating, sending dlr to a 2-week low of 111.69 in New York morning before recovering to 112.10.

Despite initial dip to 111.89 at Tokyo open, bargain hunting by Japanese names (importers) lifted the pair to 112.14, suggesting choppy range trading is in store.
Bids are noted at 111.90-70 with stops below there, offers are tipped at 112.30/10 with some stops above there.

As dlr index has fallen to a fresh 10-month low of 95.02 yesterday n U.S. bond yields remain soft, suggesting selling the buck on recovery is favoured, at least until BoJ's policy decision on Thursday nand more importantly, Governor Kuroda's press conference.

U.S. will later release mortgage applications, building permits n housing starts, if these housing data come in weaker than street forecast, then usd will be sold again before prospect of another recovery.

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

 

[acetraderfx]

AceTraderFx Jul 21: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
21 Jul 2017 02:09GMT

EUR/USD - 1.1631.. The single currency is trading over one cent above its yesterday's level in Asia after ECB Draghi's hinted at the post-ECB press conference that policymakers will discuss QA in autumn despite release of dovish statement earlier which briefly knocked the euro to session lows of 1.1480.

Intra-day sideways move in Asia following Thursday's impressive rally to a 22-month peak at 1.1658 is expected to continue as market turned quiet in New York afternoon.
However, buying euro on dips is still the favoured strategy as the trend is your friend.
Bids are noted at 1.1620-00 area with stops reported below 1.1580.
Some offers (profit taking) are touted at 1.1650/60 and more above with stops above 1.1615 (2015 high).

Eco. calendar fm the euro area countries is pretty thin with Italy's retail sales for Jun the only data today due out at 08:30GMT.

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

 

[acetraderfx]

AceTraderFx Jul 24: Intra-Day Market Moving News and Views -GBP/USD

Intra-Day Market Moving News and Views
24 Jul 2017 09:38GMT

GBP/USD - 1.3041... The British pound traded with a firm bias in Asia and gained to 1.3023 ahead of European open and despite a brief pullback to 1.2990 at European open, renewed buying there lifted the pair and cable rose to session high at 1.3049 in European morning due to active cross-buying of strong especially vs euro.

Bids are now seen at 1.3010/20 and more below at 1.2980/90 with stops building up below there whilst initial offers are noted at 1.3110/20, suggesting choppy trading with upside bias would be seen.

Today is also PMI day in the euro area, France will release Markit mfg n services PMIs, the same from Germany as well as monthly report by the German Bundesbank then the same PMIs from Italy.

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

 

[acetraderfx]

AceTraderFx Jul 25: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
25 Jul 2017 02:18GMT

EUR/USD - 1.1646.. All quiet on the eastern front as yesterday's intra-day relatively strong retreat from Asian 23-month peak of 1.1684 to as low as 1.1626 took the wind out recent euro's sails, suggesting choppy sideways swings below said temp. top is in store.
Having said that, as 1.1626 has contained pullback, intra-day upside bias is retained.

Market may well have another go on the upside side to test 2015 high at 1.1715 esp if release of the important German Ifo business climate is above street forecast but if the single currency is unable to take out said yesterday's high, beware of a broad-based long liquidation in the euro ahead of Wednesday's FOMC policy decision and more importantly the accompanying statement as if it contains hawkish tone, then usd is ripe for a corrective rally.

Offers are tipped at 1.1660/70 and more above with stops above 1.1700 and more at 1.1720.
Bids are reported are 1.1630-20 with stops below 1.1610.

Euro area countries will release a slew of eco. data starting with Germany's import prices, France's PPI, Italy's industrial orders n sales. Germany's Ifo bus. climate, current conditions and expectations.

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

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
26 Jul 2017 02:35GMT

USD/JPY - 111.94.. Dlr trades one yen higher above yesterday's 110.83 low in Asia on Wednesday as rising U.S. Treasury yields together with upbeat U.S. data sent the pair sharply higher to 111.95 near New York close.
Renewed buying emerged in Australia at 111.85 pushed price to intra-day high of 112.09 at Tokyo open before easing.

Looks like recent decline has made a low at Monday's 1-month bottom at 110.64 and consolidation with upside bias is in store today ahead of Fed rate decision.
Although no rate hike is expected, traders will focus on the accompanying FOMC statement at 18:00GMT for clue of whether another rate increase will come later in the year or not.
Until then, rising U.S. stocks n firm U.S. yields (benckmark 10-year is currently at 2.3229%, up from last Friday's 3-week low of 2.225%) are expected to boost risk appetite and yen would remain weak vs usd, euro and sterling.

Bids are noted at 111.85-75 and more below with stops below 111.50.
Offers are tipped at 112.05/10 and more above with stops above 112.50.

Ahead of Fed's decision, U.S. will release mortgage applications and news home sales.

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

 

[acetraderfx]

AceTraderFx Jul 27: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
27 Jul 2017 02:13GMT

EUR/USD - 1.1740.. The single currency stands tall in Asian morning after trading comfortably above 2015 peak at 1.1715 following o/n rally in post-FOMC session to 1.1739, then hitting a fresh 23-month high of 1.1748 in Australia earlier today.

As current price is trading well above the 21-hr n 55-hr emas, suggesting intra-day upside bias remains for euro to continue its recent winning streak after minor consolidation, so buying the euro on dips is the way to go (we were long the euro in our intra-day and day trades yesterday and weekly is holding a long at 1.1635 for 1.1785).
Therefore, the theme today is 'sell usd and wear diamonds'. Bids are noted at 1.1720-10 and more below with stops reported below 1.1680.
Some offers (profit taking) are tipped at 1.1750/60 with some stops touted above 1.1780.

Pay attention to release of Germany's GFK consumer confidence for Aug at European open (if actual comes in higher than forecast of 10.6, euro will rise), then EU M3 money supply data.

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

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
28 Jul 2017 05:00GMT

USD/JPY - 111.06.. The pair went through a roller-coaster ride in volatile Thursday's session. Despite falling to 110.78 during Tokyo lunch session on intra-day jump in the eur/usd, price quickly erased losses n climbed steadily in Europe due to broad-based gain in the usd, price later hit session highs of 111.71 near New York midday following upbeat U.S. data but retreat in U.S. Treasury yields knocked dlr to 110.93.

Although dlr staged a minor rebound to 111.34 near New York close, price fell again to 110.93 on renewed cross-buying on yen at Tokyo open today, suggesting choppy sideways swings would continue ahead of release of key U.S. GDP and CPR data later in the day.
Offers are tipped at 111.30/35 and more above with stops above 111.75.
Bids are noted at 110.90-80 with stops reported below 110.60.

Pay attention to release of key U.S. prel. Q2 GDP, PCE and employment cost at 12:30GMT, then University of Michigan July's consumer confidence. Minneapolis Fed President Kashkari (voter) will deliver at speech at town hall event at 17:20GMT.

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