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

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AceTraderFx Oct 06: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
06 Oct 2017 02:40GMT

EUR/USD - 1.1711.. Euro remains on the back foot in Asian trading after intra-day re-test of o/n New York low of 1.1700. Despite yetersday's initial rebound to 1.1779 in early European trading, sellers quickly emerged n pushed price lower, intra-day decline accelerated after release of ECB minutes, euro later hit session lows of 1.1700 on upbeat U.S. data.

As market focus remains on stops below Wed's 5-week trough at 1.1697, more stops are reported below Aug's bottom at 1.1663, so selling euro on recovery is favoured.
Offers are tipped at 1.1720/30 and more above with some stops above 1.1750.
Bids are noted at 1.1700-1.1690 with stops below there, more stops are building below 1.1660.

Ahead of key U.S. NFP, euro area will release a slew of eco. data starting with Germany's industrial orders, France's current account, Italy's retail sales. ECB's de Galhau n Nowotny will both be speaking at an event in Vienna at 13:30GMT.

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

Intra-Day Market Moving News and Views
09 Oct 2017 02:20GMT

USD/JPY - 112.62.. Dlr opened relatively flat in New Zealand but then fell below Friday's 112.61 low (New York) to 112.33 in Australian morning on renewed safe-haven yen buying in reaction to comments by U.S.
Trump on Sunday said "only one thing will work" in dealing with North Korea after previous administration had talked to Pyongyang without results. Reaction by Rep. Senator Corker (see previous headline) suggested Trump meant going to war.

However, dlr has pared initial loss n edged higher to 112.65 on lack of follow-through selling due to relatively thin market condition as Japanese markets are closed for Health-Sports Day holiday.
Although one can expect more active trading in European morning, trading may slow later in the day as markets in the U.S. n Canada are both closed for Columbus Day and Thanksgiving Day holiday respectively.

Anyway, as Friday's intra-day selloff from a 2-1/2 month peak of 113.44 to 112.61 in post-NFP New York on renewed North Korea tension, selling dlr (buying the yen) on recovery is recommended for correction to occur.
Order board is fairly thin with offers tipped at 112.75/85 and more above with stops above 113.00.
Bids are noted at 112.35-25 with stops touted below 112.20

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

Intra-Day Market Moving News and Views
10 Oct 2017 02:20GMT

USD/JPY - 112.63.. Despite yeterday's quiet move in Asia due to market holiday in Japan, the pair sprung to life and briefly jumped to intra-day high of 112.83 on dovish comments by BoJ Governor Kuroda (he actually said nothing new), price quickly retreat due to renewed broad-based usd's weakness.

Looks like choppy sideways swings would continue but as dlr's decline from 113.44 (Friday) to 112.33 initially in Australia yesterday signals recent upmove has made a temp. top there, consolidation with downside bias is seen.
Offers are tipped at 112.80/00 area with some stops above there.
Initial bids are noted at 112.505-50 and more below with fairly large stops touted below 112.20.

Although U.S. markets will re-open later today after Mon's Columbus Day holiday, U.S. eco. calendar is very light with Redbook retail sales being the only data due out. Pay some attention to speech by Minneapolis Fed President Kashari at 16:00GMT.

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

Intra-Day Market Moving News and Views
11 Oct 2017 03:20GMT

USD/JPY - 112.47.. Dlr traded in volatile fashion in 'hectic' Asian morning session. Although price rallied in New York morning to 112.46 at New York close on rebound in U.S.
Treasury yields, price retreated to 112.23 shortly after Tokyo open on broad-based usd's weakness, however, the pair quickly rebounded as the greenback erased initial gain vs G7 currencies n this helped price climb to intra-day high of 112.59.

As price has maintained a steady to firm undertone at Tokyo lunch break, suggesting range trading with upside bias would be seen in European morning. In addition, traders are awaiting release of Fed minutes of last FOMC meeting which may reveal more hawkish info that a rate hike will highly be likely in Dec, therefore, dlr may trade with a biddish tone for rest of the day.

Bids are noted at 112.40-30 and more below with stops reported below 111.90.
Some offers are tipped at 112.60/70 with stops touted above 112.85.

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

Intra-Day Market Moving News and Views
12 Oct 2017 02:00GMT

USD/JPY - 112.38.. Although the pair maintained a relatively steady undertone in post-Fed minutes NY after intra-day rebound from 112.08 to 112.56 in New York due to active cross-selling in the yen, price inched lower in Asia on renewed broad-based usd's weakness, however, as U.S. Treasury yields remain fairly steady, suggesting choppy sideways swings above this week's low at 111.99 (Tuesday) would continue.

Offers are tipped at 112.50/60 with stops above there, more selling interest is reported at 112.70/80 with stops above 113.00.
Bid are noted at 112.10-00 with stops reported below there.

Ahead of Fri's key U.S. CPI data, we have a slew of data later in the day starting with weekly jobless claims, Sep PPI data.
We have 2 Fed Governors, Powell and Brainard who will be speaking later today both at 14:30GMT but at different venues.

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

Intra-Day Market Moving News and Views
13 Oct 2017 04:00GMT

EUR/USD - 1.1839.. Despite continuing its recent winning streak on Thur n hitting a fresh 2-week high of 1.1880 at European open, intra-day selloff in sterling pulled euro lower to 1.1829 n subsequent rally in cable pressured price to session low of 1.1828 in New York afternoon due to selloff in eur/gbp cross.

The single currency traded narrowly in Australia n briefly dipped to 1.1826 when Reuters reported the ECB will reduce its QE purchase by a half but price inched back to 1.1847 in Asian morning on lack of follow through selling, suggesting range trading would be seen. As Thursday's decline from 1.1880 signals recent upmove has made a temp. top, consolidation with nr term downside bias is expected ahead of release of key U.S. CPI n retail sales data.
Offers are tipped at 1.1850/60 n more above with stops above 1.1880 n more above 1.1900.
Bids are noted at 1.1830-20 n more below with stops reported below 1.1790.

The euro area countries will release a slew of eco. data starting with Germany's CPI n the same from Italy. ECB's Mersch will speak in Luxembourg at 09:30GMT, German FinMin Schaeuble/Bundesbank-President Jens Weidmann will speak on G20 and IMF-Meeting at 12:00 GMT n later in New York session, several ECB officials will be speaking at the 2017 IMF/World Bank Annual meeting; ECB's Draghi, Coeure, Constancio n Lautenschaleger will speak in Washington D.C. (refer EI page for details).

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AceTraderFx Oct 16: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
16 Oct 2017 3:00GMT

EUR/USD - 1.1804.. Euro remains on the back foot in Asian trading on Mon. Despite initial recovery from 1.1805 (New Zealand) to 1.1820 in Asia, price fell to 1.1799, traders citing political woes (see early and weekend updates for details) being the reasons for euro's weakness.

The weekend election win by Austria's Conservative party which will form coalition govt. with the far-right, the Sunay's regional loss by Germany Merkel's party and then deadline for Catalan govt. to clarify independence from Spain are the negative factors weighing on the euro.

So far, euro has held reasonably well despite aforementioned negative political backdrop, one needs to see market reaction at European open.
Offers are tipped at 1.1825/30 and more at 1.1850/55 with stops above 1.1880.
Bids are noted at 1.1700-95 with stops touted below 1.1790.

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

Intra-Day Market Moving News and Views
17 Oct 2017 2:30GMT

USD/JPY - 112.11.. Despite yesterday's initial fall from Asian 112.08 high to a 2-1/2 week's trough of 111.65 in early European trading on cross-buying in yen, the pair swung sideways above said intra-day low in New York morning before rallying to 112.28 in late U.S. trade as rebound in U.S. yields in reaction to media report that U.S. Trump may pick John Taylor of 'Taylor Rule' fame (a Harvard professor who favours raising interest rates, lifted the greenback across the board.

As dlr's has pared yesterday's gain after rising marginally higher to 112.31 in Asia, suggesting a temp. top has been made n range trading is in store, however, as long as U.S. yields stay steady to firm, consolidation with upside bias remains for stronger retracement of recent decline.
Bids are noted at 112.05-111.95 and more below with stops below 111.60.
Offers are tipped at 112.30/40 with stops reported above 112.60.

U.S. will release of eco. data starting with import n export prices, Redbook retail sales, industrial production, capacity utilization, mfg output n NAHB housing market index. Philly Fed President Harker (voter) will deliver a speech at 17:00GMT.

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

Intra-Day Market Moving News and Views
18 Oct 2017 4:00GMT

EUR/USD - 1.1773.. Euro pares yesterday's losses in Asia n briefly recovered to 1.1781 at Asian open on a bout of broad-based short covering after extending decline from Monday's 1.1825 high to 1.1737 in New York morning yesterday.

The single currency remained on the back foot in Australia on Tuesday and fell from 1.1800 (AUS) to 1.1776, then 1.1755 in Europe. Price later hit session lows of 1.1737 b4 rebounding to 1.1774 as retreat in U.S. Treasury yields led to broad-based usd's decline.

Although euro's intra-day rebound from 1.1737 suggests decline from 1.1880 (last week's high) and made a temp. low at 1.1737 and range trading is in store, as long as 1.1780/00 res area holds, marginal weakness below 1.1737 is still envisaged before prospect of rebound, so selling euro on recovery is cautiously favoured as political uncertainty in Europe still weighs on the euro.
Offers are tipped at 1.1780/90 with stops above 1.1825.
Bids are noted at 1.1755-50 with stops below 1.1730.

Eco. calendar is very light with EU construction output being the only data due out. However, pay attention to speeches by a line of ECB officials starting with ECB President Draghi will make an opening speech at ECB Conference "Structural
reforms in the euro area" in Frankfurt at 08:10GMT, ECB Chief Economist Praet will speak at 11:45GMT in Frankfurt, ECB Supervisor Nouy will speak in Basel at 12:00GMT n ECB Board member Coeure will speak in Frankfurt at 14:15GMT.

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

Intra-Day Market Moving News and Views
19 Oct 2017 2:50GMT

USD/JPY - 103.01.. Dlr maintains a biddish done in choppy Asian trading after yesterday's rally from 112.14 to a 1-week high of 113.05 in New York on the back of rising U.S. Treasury yields (benchmark 10-year yields climbed from 2.998% to 2.3519%).

Although price extended Wed's sharp gain to 113.10 in Australia, intra-day renewed usd's weakness quickly sent dlr lower to 112.88 shortly after Asian open, suggesting upmove from Monday's 2-1/2 week trough at 111.65 has possibly made a temp. top and range trading is likely to be in store.
Bids are noted at 112.80-70 with stops below 112.50, offers are tipped at 113.30/40 with stops reported above October's peak at 113.44.

U.S. will release weekly initial jobless claims, Philly Fed survey and finally leading indicator.
Also Kansas City Fed President George (non-voter will speak at 13:30GMT followed later by Cleveland Fed Mester (non-voter) at 18:00GMT.

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