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

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AceTraderFx Aug 18: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
18 Aug 2017 03:05GMT

EUR/USD - 1.1730.. Trading the single currency on Thursday proved to be tricky (also costly for some too). Although price extended previous day's gain to 1.1790 in Asia, the pair came under broadly based selling in European morning ahead of release of ECB minutes and briefly tanked to a 3-week trough of 1.1663 after minutes of its last policy meeting in July showed policymakers warning about a possible market overshoot in the euro after 6 months of gains, however, market rumour of resignation of U.S. Cohn knocked the usd broadly n lifted euro back up to 1.1753.

Although euro ratcheted lower on renewed selling on cross play due to sage haven buying of yen n chf in Australia, buying interest at 1.1709 emerged ahead of Asian open quickly lifted euro, suggesting consolidation with upside bias is in store until European open.
Bids are noted at 1.1710-00 n more below with stops touted below 1.1680.
Offers re tipped at 1.1750/55 n more above with stops reported above 1.1800.

On the eco. data front, Germany will release PPI at 06:00GMT, then EU current account at 08:00GMT n finally construction output at 09:00GMT.

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

Intra-Day Market Moving News and Views
24 Aug 2017 02:25GMT

USD/JPY - 109.18.. Dlr gained respite in Asian trading after yesterday's selloff from 109.83 (Asia) to as low as 108.93 in New York as European and New York traders reacted negatively to Trump's govt. shutdown threat made earlier in Asian morning.

Although short-term specs gave the pair renewed bashing at New York close and knocked price to 108.85 in Australia after tripping stops below 108.90, lack of follow-through selling and some buying by Japanese names (importers) quickly lifted dlr and price rebounded to 109.23., suggesting choppy sideways swings would be seen.
Bids are noted at 109.00-108.90 and offers are tipped at 109.30/35 with stops above 109.60.

U.S. will release weekly jobless claims, building permits, exiting home sales n Kansas City Fed mfg index.
Today is the start of the 3-day Jackson Hole Symposium but key speakers will start delivering speeches on Friday and Saturday.

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AceTraderFx Aug 28: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
28 Aug 2017 02:20GMT

EUR/USD - 1.1926.. Although euro opened flat in NZ on Mon following Fri's spectacular rally which began after Fed Yellen's JH script was released which did not mention monetary policy, this sent the greenback tanking broadly in New York morning n helped euro rise from 1.1786 to 1.1890, price then jumped above previous Aug's 1.1909 high to 1.1941 when ECB's Draghi in his much-awaited JH speech, did not make any reference to recent euro's strength.
The single currency climbed to a fresh 30-month peak of 1.1963 in New Zealand due to gap-up open in cable, however, price quickly erased intra-day gain and retreated to 1.1922 in Asia as traders are not keen to take the euro higher on Friday's sharp rise.

Euro's intra-day pullback from 1.1963 suggests consolidation is in store until European open and if price is trading below Friday's 1.1941 high, European traders may well buy for another rise but strong gain is unlikely to be seen.
Bids are noted at 1.1925/05 area with stops below 1.1890.
Offers are tipped at 1.1950/60 with stops above 1.1965, there is market chatter of option barrier at 1.2000, so this level may be a tough nut to crack.

EZ calendar is pretty light with Italy's consumer n business confidence and EU M3 money supply being the only eco. data due out during European morning.

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AceTraderFx Aug 29: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
29 Aug 2017 02:20GMT

USD/JPY - 108.73.. The Japanese yen took centre stage in hectic Asian trading as tension on the Korean Peninsular is brewing after North Korean contentious launch of another missile (following last Sat's similar action) early this morning which flew above Japan's northern territory, short-term specs quickly sold the dlr as well as buying the Japanese yen broadly in thin Australian trading, the pair tumbled from 109.26 to as low as 108.34 after tripping a series of stops below 109.00, then 108.80 n 108.60.

Although dlr regained composure n bounced back to 108.95 on short covering ahead of Tokyo open, the lack of further follow-through buying on bargain hunting by Japanese names (importers) as well as falling U.S. Treasury yields (benchmark 10-year yield hit a near 2-month low of 2.1113%) and Nikkie dropping to a 4-month low today suggests intra-day bearish bias remains and there is market chatter of more stops building below 2017 bottom at 108.13.

Therefore, selling dlr on recovery is the way to go, offers are tipped at 108.90/00 with stops above 109.05. More selling interest is noted at 109.20/30 with stops above 109.45.
Some bids are noted at 109.60-50 with stops below 108.30 and more below 108.10.

Later in the day, U.S. will release Redbook sales, CaseShiller home price n then consumer confidence.

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

Intra-Day Market Moving News and Views
30 Aug 2017 3:00GMT

USD/JPY - 109.78.. What a difference a day makes. The greenback was hovering near a fresh 4-month low in Asia 24 hours ago n is currently trading near Asian 1-week high of 109.92.

What a difference a day makes. The greenback was hovering near a fresh 4-month low in Asia 24 hours ago n is currently trading near Asian 1-week high of 109.92.

Despite Tuesday's safe-haven buying of yen n the Swiss franc, dlr rallied near NY midday as U.S. stocks rebounded U.S. yields started to move hourly from 10-month lows, the pair then climbed strongly to 109.89 after tripping stops above 109.00 and 109.45, suggesting recent decline has indeed formed a temp. low there n choppy sideways trading above there would be seen ahead of Friday's key U.S. jobs report.

Bids are noted at 109.55-45 and more below with stops below 109.00.
Offers are tipped at 109.85/95 with stops above 110.00. Therefore, buying dlr on dips is favoured but profit should be taken on next upmove as geopolitical risk on the Korean Peninsular has not gone away.

Pay attention to slews of U.S. data later today starting with ADP private payrolls, Q2 GDP n core PCE. Fed's Powell (Board of Governors - voter) will speak at 13:15GMT.

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AceTraderFx Aug 31: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
31 Aug 2017 2:30GMT

EUR/USD - 1.1878.. Euro remains on the back foot in Asian trading n just fell below o/n NY low of 1.1881 to 1.1872 as intra-day rally in dlr/yen triggered renewed broad-based usd strength.

Well, despite Tuesday's jump above the 1.2000 mark to a fresh 30-month peak of 1.2070, euro has become victim of its own success as the move occurred in the absence of solid fundamental factor, so profit taking quickly emerged and knocked price lower, the daily close below 1.2000 on Tue was the warning light of a short-term 'reversal' of recent uptrend.

Although intra-day weakness may squeeze out some weak n perhaps late euro longs, further sharp fall is unlikely ahead of a slew of EZ data.
Bids are noted at 1.1870-60 with some stops below there.
Offers are tipped at 1.1900/10 and more above with stops above 1.1950.

Euro area countries will relesse German retail sales, France's PPI and CPI, Germany's unemployment rate, the same from Italy and the EU, then EU and Italy's CPI.

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AceTraderFx Sept 01: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
01 Sept 2017 3:00GMT

EUR/USD - 1.1909.. The single currency regained traction in Asia on Friday after a 'roller-coaster' session on Thursday. Although short covering lifted price from 1.1868 to 1.1906 in European morning, euro tumbled broadly n hit session lows of 1.1824 at NY open after sources told Reuters some ECB members were concerned by the recent strength of the euro n the central bank is highly unlikely to discuss tapering at its next Sept. meeting.

However, release of soft U.S. core PCE data (a key inflation measure by the Fed) led to broad-based decline in the usd as well as U.S. yields, this triggered a strong short covering rebound n price later rallied back to 1.1912 near the close, then marginally higher to 1.1923 in Australia before easing.
Well, looks like the decline from Tuesday's 30-month peak at 1.2070 has hit a bottom and range trading would continue ahead of U.S. NFP, however, it is our view euro's Medium Term uptrend has made a temp. top, current rebound is a retracement and if U.S. jobs report (NFP and ave. wage growth) is upbeat, usd may stage another rally.

For now, bids are noted art 1.1890-80 and more at 1.1850/40 with stops below 1.1820.
Offers are tipped at 1.1920/30 and more above there with stops above 1.1950.

Today is PMI day, Italy will release Markei mfg PMI, then the same from France, Germany n Italy as as as Italy's GDP. ECB board member Nowotny will participate in a panel discussion in Alpbach, Austria at 06:30GMT, then ECB Vice-President Constancio will give a speech at a forum in Cernobbio, Italy at 09:15 GMT.

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AceTraderFx Sept 04: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
04 Sept 2017 1:35GMT

USD/JPY - 109.72.. Tension runs high in the North Korean Peninsular following Sun's nuclear test by N. Korea, causing the dlr open sharply lower at Mon open in New Zealand due to safe-haven buying of yen, the pair fell to 109.32 in New Zealand vs Friday's close of 110.27, however, lack of follow-trough selling quickly lifted dlr to 109.92 in early Tokyo trading on buying by Japanese names (importers) before easing.

Looks like an intra-day low has been made at 109.32 and range trading would continue in Europe, if dlr is hovering near 110.00, European traders may well sell the greenback to test the downside but if it is trading below 109.32, steep fall is unlikely to be seen as traders only recalled dlr rallying strongly from last Tuesday's 4-1/2 month low after N. Korea fires missile above Japan and trading may quieten down in N. American session as financial markets in the U.S. n Canada are closed for Labor Day holiday.

Offers are tipped at 109.90/00 and more above with stops above 110.50.
Bids are noted at 109.60-50 n more below with stops below 109.30.

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AceTraderFx Sept 05: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
05 Sept 2017 2:00GMT

EUR/USD - 1.1899.. Euro moved broadly sideways in lackluster Mon trading as financial markets in the U.S. and Canada were both closed for Labor Day holiday.
Despite intra-day 'yen-led' rise to 1.1922 in Europe, selling interest quickly emerged n knocked price down to 1.1890. The pair then rebounded to 1.1920 after European close but only to fall back to 1.19890 again.

Looks like range trading would continue until European open and release of a slew of EU data together with return of North American traders, trading should revert back to normal and we should expect brisk trading for rest of the day.
Offers are tipped at 1.1920/30 with stops above 1.1950, more stops are reported above 1.1980.
Initial bids are noted at 1.1885-75 with stops below 1.1850 and more stops are building below last week's low at 1.1824.

Today is PMI day, Italy will kick off 1st with Markit services PMI, then the same from France, Germany and then the EU including retail sales.

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

Intra-Day Market Moving News and Views
06 Sept 2017 2:00GMT

USD/JPY - 108.76.. Dlr is nursing loss after yesterday's intra-day selloff from 109.84 to as low as 108.63, then 108.51 at Tokyo open before staging a minor bounce in short covering.

Yesterday's decline on active safe-haven buying of yen due to continued tensions on the Korean Peninsula, then subsequent dovish comments by Fed governor Lael Brainard where both key factors sent U.S. Treasury yields down sharply (benchmark 10-year yield fell to a 10-1/2 month low of 2.061%, then to 2.054% today).

Looks like the greenback would later re-test last week's 4-1/2 month low at 108.27 as Korean tensions are expected to linger on head of North Korea's Foundation Day on Sep 9 (Sat). Current broad-based losses in Asian stocks following yesterday's decline in U.S. equities should weigh on the buck, so selling dlr on recovery is the way to go as price is en route to re-test 2017 bottom at 108.13 (April).

Offers are tipped at 108.85/95 n more above with stops above 109.20, more stops are reported above 109.55.
Bids are noted at 108.60-50 and more below with large stops touted below 108.00.

U.S. will release trade balance, Redbook sales, Markit services PMI and ISM non-mfg PMI.

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