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

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

Intra-Day Market Moving News and Views
07 Sept 2017 2:40GMT

USD/JPY - 109.11.. Dlr pared yesterday's intra-day gain and fell briefly to 108.89 on Bloomberg news that South Korean PM said North may launch missile on Sept 9, however, as market has already been warned of such occurrence since yesterday, renewed buying quickly lifted the pair.

AS dlr's rally on Wednesday from 108.46 to 109.39 due to extension of the U.S. debt ceiling was also supported by by rising U.S. Treasury yields, suggesting further choppy trading above July's 4-1/2 month bottom at 108.18 would continue with upside bias, therefore, trading the greenback from long side in anticipation of further gain after intra-day choppy consolidation is over is favoured.

Bids are noted at 108.95/90 and more below with some stops below 108.70.
Offers are tipped at 109.35/40 with stops above 109.60 n more stops above reported above 110.00.

U.S. eco. calendar is very light with weekly jobless claims, labor costs and nonfarm productivity being the data due out later in the day.

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AceTraderFx Sept 08: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
08 Sept 2017 02:40GMT

EUR/USD - 1.2033.. Euro trades steadily with a firm undertone in a rather subdued Asian morning after yesterday's surge to 1.2059, however, the rise was not exactly plain sailing.

Although the pair briefly jumped to 1.2022 as the start of ECB Draghi's press conference, price swiftly tanked to 1.1930 in matter of a few seconds before rising again to session high of 1.2059 as Dragi refused to jawbone the euro lower, however, long liquidation later sent price back down to 1.1985 and later chopped broadly sideways in New York afternoon.

As market has interpreted Draghi's comments esp. the ECB policymakers will discuss QE tapering in October's meeting as bullish, buying euro on dips in anticipation of a re-test of August's 30-month peak at 1.2070 is recommended.

Bids are noted at 1.2020-00 are with stops below 1.1980, more stops are reported below 1.1930.
Offers are tipped at 1.2060/70 with stops above there, more stops are reported above 1.2100.

Data to be released today:
Eur area eco. calendar is pretty light today, Germany will release exports, imports and trade data, then Frances's industrial production. ECB Council Member and Bank of Finland Governor Liikanen will speak in Finnish parliament at 08:00GMT.

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

Intra-Day Market Moving News and Views
11 Sept 2017 3:10GMT

USD/JPY - 108.41.. Dlr is currently trading around the same level it was at this time last Friday after having fallen to a fresh 10-1/2 month bottom of 107.32 at New York open, however, price later climbed back to 108.07 as rebound in U.S. yields prompted short covering.

The pair opened higher to 108.19 in New York on Monday as N. Korea did not launch any missile as market expectation to to celebrate its Foundation Day last Saturday, such action led to broad-based yen selling and continued usd's gain vs other G7 currencies, dlr climbed to 108.57 as U.S. yields went higher in Asia.

Looks like a temporary low has been made at 107.32 on Friday n European traders may well buy the buck if U.S. Treasury yields (benchmark 10-year is now around 2.0906% vs Friday's low at 2.0161%) edge higher in Europe.
Bids are noted at 108.20-00 with some stops below there.
Offers are tipped at 108.55/65 with stops above 108.70, more stops are reported above 109.00.

As no eco. data is due out in the U.S., funds flow will have a major influence on intra-day price swings.

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AceTraderFx Sept 12: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
12 Sept 2017 2:40GMT

EUR/USD - 1.1954.. The single currency is nursing losses in subdued Asian morning but remains on the back foot after falling 2 ticks below o/n New York low at 1.1948 after meeting renewed selling at 1.1964 in Australia, however, lack of follow-through selling has give the pair a bit of respite.

Yesterday's break of last Fri's 1.2016 low and the daily close below 1.2000 mark bodes ill for the euro in the next few days as this bearish price action signals Medium Term uptrend has indeed formed a temp. top at Friday's fresh 30-month peak at 1.2093 and consolidation with downside bias is in store, so selling euro on recovery for further weakness is the way to go.

Offers are tipped at 1.1975/85 and more above with some stop above 1.2000. Initial bids are noted at 1.1950-40 with stops touted below last Thursday's post-ECB low at 1.1930.

Ecp. calendar in the euro countries is very light with France's non-farm payrolls being the only data due out.
However, do pay attention to a speech by ECB's Vice President Vitor Constancio who will speak at a conference on monetary policy in non-standard times in Frankfurt at 13:45 GMT.

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

Intra-Day Market Moving News and Views
13 Sept 2017 4:10GMT

EUR/USD - 1.1984.. Euro finally gains respite after falling in last 2 sessions this week. Despite extending decline from last Friday's 30-month peak at 1.2093 to 1.1927 ahead of European open, short covering lifted price to 1.1973.
The single currency met renewed buying at 1.1960 in Australia and despite initial narrow move, price popped higher to 1.1993 after tripping stops above 1.1980.

Present firmness during Asian lunch session suggests said decline from 1.2093 has made a temp. low yesterday n consolidation with upside bias is ahead of EU President Juncker's speech at 07:00GMT.
Bids are noted at 1.1960-50 and more below with stops below 1.1925.
Offers are tipped at 1.1990/00 with stops above there.

Germany will release final CPI n wholesale price, the EU will release employment data n industrial production.

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AceTraderFx Sept 14: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
14 Sept 2017 2:50GMT

USD/JPY - 110.63.. Dlr stands tall in Tokyo trading after yesterday's gain to a 2-week high of 110.69 due to broad-based usd's strength n rising U.S. Treasury yields. Despite subsequent retreat n sideways move in New York afternoon and Australia earlier today.
Renewed buying at 110.41 shortly after Tokyo open sent the pair to intra-day high of 110.73 due partly to renewed weakness in the eur/usd.

As dlr's near term ascent which began last Friday seems to be losing steam, strong gain is not expected n consolidation is likely to take over as traders await release of key U.S. inflation data later in the day to predict whether a Fed rate hike would be warranted at next Wednesday's FOMC meeting.
Offers are tipped at 110.70/80 and more above with stops above 111.05.
Bids are noted at 110.45-35 with stops below 110.20, a mixture of bids and stops is touted at 109.90/85.

U.S. will release U.S. inflation data and weekly jobless claims at 12:30GMT, pay attention to Aug annual CPI ex-food & energy, street forecast is looking for an increase of 1.6% vs previous reading of 1.7%.
If actual figures comes in above forecast, then usd will climb, if it misses estimate, then expect a bigger pullback after this week's spectacular rise.

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AceTraderFx Sept 15:: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
15 Sept 2017 3:30GMT

USD/JPY - 110.16.. Dlr is currently trading near Thursday's New York low after having spiked lower from 110.25 to to 109.55 on news of another missile launch by North Korea after tripping stops below 109.90.
However, the pair swiftly pared intra-day losses n bounced back to 110.00/10 and then inched higher to 110.24/25 in subdued Asian trading.

Although dlr has taken today's North Korea missile launch in its stride, as yesterday's decline from a 1-month peak at 111.04 to 110.07 in New York signals recent upmove has made a temp. top, rallied will be sold on safe-haven yen buying, The UN Security Council will meet at 3 p.m. ET (19:00GMT) later today on the latest North Korea missile test, diplomats said, at the request of the United States and Japan.

Offers are tipped at 110.25/35 and more above with stops above 110.75.
Bids are noted at 109.90/80 and more below with stops building below 109.50.

U.S. will release a slew of eco. data starting with retail sales, New York Fed mfg, mfg and industrial output, cap. utilization, bus. inventories and then University of Michigan consumer confidence.

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AceTraderFx Sept 18: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
18 Sept 2017 2:20GMT

USD/JPY - 111.20.. Dlr maintains a firm undertone in holiday-thinned Asian trading as financial markets are closed in Japan for 'Respect of the Aged Day' holiday following a brief but strong retreat from 11.34 to 110.63 in New York morning on soft U.S. retail sales data, however, yen selling soon emerged and lifted price.

The pair opened flat in New Zealand on Mon n edged higher from 110.87/90 to 111.26 due to renewed cross-selling in yen, suggesting range trading with mild upside bias remains.
Bids are noted at 111.00-110.90 with stops below there, more stops are reported below 110.60.
On the upside, offers are topped at 111.25/35 with stops touted above there.

U.S. eco. calendar is very light with NAHB Housing Market index being the only data due out, however, market focus is FOMC rate decision n the accompanied statement on Wednesday.

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

Intra-Day Market Moving News and Views
18 Sept 2017 10:20GMT

GBP/USD - 1.3555... Although the British pound traded with a firm bias in Asia and resumed its recent winning streak to a fresh 14-month peak at 1.3619 at European open, lack of follow-through buying triggered profit-taking n cable retreated to 1.3532 in European morning before stabilising.

Orderbook remains light in the absence of eco. data from UK and as investors await BoE Governor Carney's speech later today at 15:00GMT.

Bids are now lowered to 1.3510/20 and more below at 1.3480/90 with stops building up below there whilst initial offers are noted at 1.3640/50, suggesting further choppy trading would be seen.

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

Intra-Day Market Moving News and Views
19 Sept 2017 02:00GMT

USD/JPY - 111.52.. Dlr maintains a biddish tone in Asian trading following yesterday's gain to an 8-week high of 111.66 in New York afternoon soon as continued gains in the Dow and the S&P 500 to records highs and rising U.S. Treasury yields (benchmark 2-year yield hit a near 1-month high of 2.37%) boosted risk sentiment.

Although range trading is expected after Japanese players returned from yesterday's national holiday and some selling by Japanese exporters to take advantage of recent dlr's impressive rise (or yen's weakness) would keep price trading below said New York high in the near term before prospect of marginal gain in Europe.

Bids are noted at 111.30-20 with some stops below 111.10, however, more stops are touted below 110.60.
Offers are tipped at 111.65/75 and more above with stops reported above daily at 112.20.

The Fed will begin its 2-day meeting today and U.S. will release a slew of eco. data starting with current accounts, building permits, housing starts, import n export prices and Redbook sales.

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