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

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AceTraderFx Nov 23: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
23 Nov 2017 03:30GMT

USD/JPY - 111.35.. Dlr finally staged a short-covering rebound in holiday-thinned Asian morning as financial markets in Japan are closed for Labour Thanksgiving Day holiday.

Although the pair remained on the back foot earlier in Australia after yesterday's selloff which started in Australia from 112.50 and fell to 111.95 in European morning, intra-day descent accelerated in New York session, triggering a series of stops below 111.80, then 111.65.
Price tumbled to a 2-month trough of 111.15 following release of dovish Fed minutes. Although renewed selling emerged at 111.31 ahead of Asian open m knocked price lower to intra-day low at 111.07, the pair climbed steadily on broad-based yen-selling.

Dlr's intra-day rebound suggests a temporary bottom is in place and range trading is expected in European session and with U.S. markets off for Thanksgiving Day holiday, trading may slow in North American morning session.
Offers are tipped at 111.40/50 with stops above 111.95.
Bids are noted at 111.10-00 with stops below there.

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

Intra-Day Market Moving News and Views
24 Nov 2017 02:10GMT

USD/JPY - 111.33.. Despite moving narrowly in holiday-thinned North American session due to U.S. Thanksgiving Day holiday Thursday, the pair met renewed buying in Australia at 111.20 and climbed briefly above yesterday's 111.38 high to 111.44 on bargain hunting by Japanese names (importer) as Japanese players also returned from Thursday's Labor Thanksgiving Day holiday too.

Although dlr's intra-day gain in Asian morning suggests range trading above yesterday's fresh 2-month trough at 111.07, offers reported at 111.45/50 and more above with stops above 111.90 should cap upside and price may resume its recent descent due to falling U.S. yields later today.
Bids for now are noted at 111.20-10 with stops below 111.00.

U.S. eco. calendar is pretty thin with Markit manufacturing and services PMIs being the only data due out at 14:45GMT but these data may well move the market if actual reading come in weaker or stronger than market expectations.

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AceTraderFx Nov 27: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
27 Nov 2017 02:30GMT

USD/JPY - 111.43.. Dlr swung wildly in hectic trading on Monday Despite opening lower n briefly dipping to 111.37 in New Zealand on cross-buying in yen, the pair quickly erased intra-day losses n climbed ahead of Tokyo open to 111.69 after tripping stops above Friday's 111.58 high.
However, dlr was unable to hold on to its short-lived intra-day gain and came under selling pressure due to renewed broad-based yen buying on the back of weakness in the Nikkie.

Dlr's intra-day weakness suggests early correction from last Thursday's 2-month trough at 111.07 has possibly ended and below Friday's New Year low at 111.30 would add credence to this view.

Offers are tipped at 111.55/65 with stops above 111.70, more stops are reported above 111.90.
Initial bids are noted at 111.40/30 with stops below there and more stops are building below 111.00.

U.S. eco. calendar is pretty light with October new home sales and Dallas Fed mfg business index being the data due out during New York morning.

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

Intra-Day Market Moving News and Views
28 Nov 2017 02:30GMT

USD/JPY - 111.17.. Dlr swung broadly sideways in choppy Asian trading following yesterday's weakness to a fresh 2-month trough of 110.84 in New York morning due to yen buying on risk aversion following media reports that North Korea may be preparing for another missile launch (see previous update for details), however, price briefly jumped to 111.31 at the close on short covering.

Looks like we have made a temp. low as the greenback is currently maintaining a firm undertone against its major peers, suggesting range trading is in store, so selling dlr on further intra-day recovery is still favoured.
Initial offers are tipped at 111.30 with stops above 111.45, however, more selling interest is reported at 111.60/70.
On the downside, bids are noted at 110.95-85 with stops below 110.80.

Pay attention to a slew of U.S. data stating with building permits, wholesale inventories, Redbook retail sales, monthly home sales, monthly housed price, CaseShiller home price, consumer confidence, Richmond Fed mfg index.
After speeches by some Fed officials this morning, more are due to speak later in the day, see our EI page for details.

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AceTraderFx Nov 29: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
29 Nov 2017 03:20GMT

EUR/USD - 1.1849.. The euro is nursing losses in subdued Asian morning after tumbling to from yesterday's 1.1920 (Europe) high to as low as 1.1828 due to active cross-selling in euro esp. vs sterling.

Despite intra-day brief bounce to 1.1920 in European morning on Tuesday, the pair then ratcheted lower to 1.1875. Intra-day decline resumed in New York morning and accelerated on active selling in eur/gbp cross following media reports an agreement on Brexit divorce bill was reached between Britain and the EU, price tanked to 1.1828 in New York afternoon before rising back to 1.1853 in Asia on short covering.

Although range trading above 1.1828 is expected ahead of European open, offers noted at 1.1860/70 are likely to cap intra-day bounce and market may well test euro's downside in Europe as the Brexit news came after European close.
Bids are noted at 1.1830-20 with stops touted below 1.1800.

France will kick off release of eco. data with consumer spending n Q3 GDP, the EU will release bus, eco., industrial and services sentiment indexes and Germany will release key inflation data.

ECB's Constancio will speak 10:00GMT, then Bundesbank President n ECB Board member Weidmann will speak at 17:00GMT and finally ECB's Knot at 18:30GMT.

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AceTraderFx Nov 30: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
30 Nov 2017 03:35GMT

EUR/USD - 1.1866.. The single currency finally regained traction in lively Asian trading after extending decline from Monday's 2-month peak at 1.1961 to 1.1817 in early New York trading on the back of mildly upbeat U.S/ GDP data and rising U.S. yields, however, profit taking later lifted price to 1.1866.

Euro's intra-day cable-led break of said New York high to 1.1871 suggests temp. low has been made and range trading with upside bias is in store and stop above 1.1885/90 are in focus.
Bids are noted at 1.1850-40 n more below with stops below 1.1810.
Offers are tipped at 1.1870/80 and more at 1.1910/20.

Although his is the final trading day of the month, we have a heavy eco. calendar starting with German retail sales, France's CPI and PPI, Italy's CPI, the same from the EU, EU's unemployment, Italy's PPI.

Pay attention to speeches by various ECB officials starting with ECB's Mersch, Praet, Nouy, Hakkrainen n Eurogroup head Dijsselbloem.

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AceTraderFx Dec 01: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
01 Dec 2017 03:20GMT

USD/JPY - 112.50.. Dlr pares yesterday's gain in choppy Asian trading after climbing to a 9-day high at 112.63 in roller-coaster New York session.

Although the greenback continued this week's ascent and rose to 112.48 in European morning, price retreated in New York morning after in-line U.S. PCE data and briefly tumbled to 111.74 on New York Times report that the White House has plan to replace Secretary of State Tillerson with CIA director Pompeo within weeks, price quickly erased intra-day losses and jumped on the back of strong rise in U.S. Treasury yields (benchmark 10-year yields hit 1-month high of 2.4370%), the pair later climbed to 112.63, then 112.70 in Australia before retreating to 112.32 on news U.S. Senate will not vote on Republican tax bill Thursday night and debate to continue on Friday at 11am EDT (16:00GMT).

Range trading below 112.70 is now expected until European open n buying dlr on dips is still cautiously favoured (but do keep an eye on U.S. yields).
Bids are noted at 112.35-30 with stops below 132.15, more stops are reported below 111.70.
Offers are tipped at 112.70/75 with stops above there.

U.S. will release Markit mfg PMI, construction spending n ISM mfg PMI.
Pay attention to speeches by several Fed officials starting with Fed's Bullard, Fed's Kaplan and Fed's Harker.

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AceTraderFx Dec 04: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
04 Dec 2017 03:40GMT

EUR/USD - 1.1874.. Euro moved relatively narrowly in Asian morning after opening lower to 1.1851 in New Zealand following a roller-coaster ride in hectic Friday's session.

Despite initial weakness to 1.1851 on broad-based usd's gain due to market optimism of U.S. tax reform, buying interest above Friday's 1.1845 (New York) low contained intra-day weakness and the pair then inched higher to 1.1875 on lack of follow-through selling as Asian traders are on the sideline and are awaiting reaction on Saturday's U.S. approval of the tax overhaul from European counterparts.

Offers are tipped at 1.1885/95 with some stops above 1.1900, more stops are reported above 1.1840.
Bids are noted at 1.1855-45 with stops below 1.1840.

Euro zone will release Sentix investor confidence a n PPI at 09:30GMT.
Eurogroup will begin a meeting at 12:00GMT where ECB President Draghi and Board member Couere will also participate.

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AceTraderFx Dec 05: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
05 Dec 2017 04:00GMT

USD/JPY - 112.55.. Dlr remains on the back foot in subdued Asian trading after retreating from Monday's fresh 2-week high of 113.09 to 112.37 in hectic New York trading.

Despite initial higher open in New Zealand due to renewed market optimism after the U.S. Senate approved tax reform bill and intra-day firmness in European morning and New York morning, broad-based profit taking together with falling U.S. yields knocked the pair sharply lower to session lows of 112.37 near New York close.

Yesterday's price action suggests recent upmove has made a temp. top there and range trading with downside bias is seen ahead of release Friday's key jobs data, so selling the buck on recovery is favoured as the yen has also firmed up vs other currencies.
Offers are tipped at 112.65/75 n more above with stops above 113.10.
Initial bids are noted at 112.40-30 with stops below there, more stops are touted below 112.00.

U.S. will release Redbook retail sales, Markit services PMI n then ISM non-mfg PMI later today.

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

Intra-Day Market Moving News and Views
06 Dec 2017 03:40GMT

EUR/USD - 1.1830.. Euro is nursing losses after yesterday's break of last week's low at 1.1809 to a 10-day trough of 1.1801 in New York afternoon session due to usd's broad-based strength as well as intra-day active selling in euro crosses esp vs sterling, however. profit taking in the usd lifted price to 1.1830 near the close.

Although the lack of follow-through selling after yesterday's brief break of 1.1809 and subsequent bounce from 1.1801 suggests recent decline has made a temp. low, the single currency needs to work a bit harder and climbs above 1.1840/50 to bring stronger retracement of recent decline. for now, expected range trading until European open.
Bids are noted at 1.1810-00 with stops reported below there.
Offers are tipped at 1.1840/45 with stops above there, more stops are touted above 1.1880.

Eco. data in the euro area countries is very light with Germany's industrial orders being the only data due out at 07:00GMT. ECB's Mersch will deliver a speech at an international forum in FFT at 10:30GMT.

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