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

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

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

USD/JPY - 112.43.. Dlr finally pares losses seen in last 3 days and rose in hectic Asian trading due to broad-based selling in yen as the Nikkie opened higher after recent decline as well as rebound in U.S. yields.

Although dlr remained on the back foot in Asia yesterday and fell from 112.65 (AUS) to 112.00 in European morning due to weakness in Asian n European stocks, price managed to trade above 112.00 in New York n staged a short-covering bounce to 112.37.
Buying emerged at Tokyo open as the N225 rose, this helped the pair climb to 112.49 after tripping stops above 112.40, suggesting decline from this week's high at 113.09 has made a low yesterday and range trading with upside bias is in store.

Bids are noted at 112.35-25 with stops below 112.00.
Offers are tipped at 112.60/65 and more above with stops reported above 12.90.

U.S. eco. calendar is very thin with the usual weekly jobless claims being the only data due out which is just as well ahead of Fri's key non-farm payrolls number.

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AceTraderFx Dec 08: Intra-Day Market Moving News and Views - USD/JPY

Intra-Day Market Moving News and Views
08 Dec 2017 03:08GMT

USD/JPY - 113.33.. Dlr stands tall in active Asian trading after snapping 3 days of losses on Thursday and later rallied to 133.15 near New York close.

The pair started to climb in Australia yesterday and ratcheted higher to 112.80 on broad-based yen selling as rebound in Asian and European stocks boosted risk appetite.
Despite a brief pullback to 112.58 in early New York trading on falling U.S. yields, price later moved higher on broad-based usd's strength in anticipation of passage of a bill to extend U.S. govt. funding on a temporary basis.

Dlr's intra-day gain to a 3-week high of 113.39 ahead of Tokyo lunch break on rising Asian stocks (N225 has risen by over 1% n last traded at 22772) and firm U.S. yields due to market optimism U.S. tax reform will be passed by the Dec 22 deadline suggests further gain would be seen in European trading, so buying on dips is the way to go ahead of release of key U.S. jobs data.

Bids have been raised to 113.10-00 and more at 112.80 with stops below 112.50.
Some offers are tipped at 113.40/50 and more above with stops above 113.90.

U.S. will release the blockbuster NFP, average hourly earnings, unemployment rate, private payrolls at 13:30GMT, then later capacity utilization and then University of Michigan consumer confidence and Whole inventories and sales.

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

Intra-Day Market Moving News and Views
11 Dec 2017 02:50GMT

USD/JPY - 113.63.. Dlr stands tall in early Asian trading. Price initially climbed marginally above Friday's 3-week top of 113.63 in Australia and despite a brief pullback to 113.46 at Tokyo open, renewed selling in yen especially vs usd and euro sent dlr to 113.69, suggesting recent upmove would resume after consolidation.

Bids have been raised to 113.50-40 and more below with stops reported below 113.10.
Offers are tipped at 113.70/75 and more above with stops above 114.00.

No major U.S. data is due out for release today and market is awaiting Wed's FOMC rate decision and Fed chair Yellen's press conference.

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

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

EUR/USD - 1.1769.. Euro remains on the back foot in subdued Asian trading after intra-day retreat from yesterday's high at 1.1812 (New York).
Despite Monday's initial firmness following rebound from Friday's near 3-week low of 1.1730 to 1.1803 in Europe, then marginal gain to 1.1812 in New York morning due to broad-based usd's weakness partly on news of an explosion in Manhattan n falling U.S. yields, renewed buying quickly knocked price lower and euro later retreated to 1.1765 at the close and then 1.1764 in Asia today.

Euro's decline from 1.1812 suggests corrective rebound from 1.1730 has possibly ended and range trading with downside bias is in store.
Offers are tipped at 1.1785/95 and more above with stops reported above 1.1815.
Bids are noted at 1.1765-55 with stops below there, more stops are touted below 1.1730.

On the eco. data front, France will release non-farm payrolls first n then Germany's ZEW economic sentiment and conditions, EU will also release ZEW eco. sentiment.
There is a EU General Affairs Council meeting today n ECB's Draghi will deliver a speech in FFT late in the day at 19:00GMT.

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AceTraderFx Dec 13: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
13 Dec 2017 03:00GMT

USD/JPY - 113.48.. Dlr moves narrowly in subdued Asian trading after retreating from yesterday's 4-week high of 113.75 as traders are keeping their powder dry ahead of U.S. inflation data and Fed's last rate meeting for the year.

Despite intra-day gain above Monday's 113.69 high to 113.75 due broad-based usd's strength n rising U.S. yields, profit taking quickly knocked price down to 113.38 and dlr later moved narrowly for rest of New York afternoon session.

Range trading is expected until European open with offers tipped at 113.65/75 and more at 113.90 with stops above 114.00.
Bids are noted at 113.40-30 with stops below below 113.20.

BoJ Gov. Kuroda will deliver a speech at an event in Tokyo at 09:00GMT.

U.S. will release key CPI data for Nov, weekly earning n then at 19:00GMT, Ded will announce its rate decision as well as Fed eco. projection. Last but not release, Fed Chair Yellen will make her final post-Fed press conference at 19:30GMT.

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

Intra-Day Market Moving News and Views
14 Dec 2017 02:30GMT

USD/JPY - 112.65.. Dlr pares some steep losses sustained in hectic trading on Wednesday. Price remained on the back foot in New York morning after extending intra=day decline to 112.96 on soft U.S. CPI data.
Despite staging a recovery on short covering to 113.28, the pair tumbled to session lows of 112.46 after the usual 'knee-jerk reaction after expected rate hike.

Although intra-day recovery to 112.79/80 shortly after Asian open on bargain hunting by Japanese names (importers) suggests range trading above 112.46 would continue until European open, yesterday's broad-based usd's weakness due partly to falling U.S. yields suggests market will test dlr's downside later in the day.

Offers are tipped at 112.75/80 and more above with some stops touted above 113.00.
Bids are noted at 112.50-45 with stops below there, more stops are reported below last week's low at 112.00.

U.S. will release a slew of eco. data starting with retail sales, initial weekly jobless claims, import and exports prices, Markit mfg and services PMIs and business inventories.

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AceTraderFx Dec 15: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
15 Dec 2017 03:00GMT

EUR/USD - 1.1785.. Trading the single currency proved to be tricky in hectic Thursday's session. Despite initial marginal gain to 1.1844 in following post-FOMC rally, profit taking pushed price back down to 1.1811 in Europe before rebounding.

Euro briefly jumped to 1.1863 as ECB's Draghi began to speak at the press conference, traders sold euro broadly due to Draghi's dovish remarks on forward guidance, the pair tumbled to 1.1771 before staging a short covering bounce to 1.1801 falling to 1.1765 in Australia after tripping stops below 1.1770.

Intra-day rebound from 1.1765 suggests temp. low is in place and range trading is expected ahead of European open.
Our bias on euro remains up, so buying on dips is still recommended.
Bids are noted at 1.1770-60 with stops below 1.1750.
Offers are noted at 1.1800/10 with stops above there, more selling interest is touted at 1.1830/40.

The EU will release trade balance in the morning. EU will continue the 2nd of its 2-day meeting today and part of the agenda is to discuss next phase of Brexit talk, a EU Council press conference is scheduled at 13:30GMT.

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

Intra-Day Market Moving News and Views
18 Dec 2017 03:00GMT

USD/JPY - 112.66.. Despite initial cross-inspired weakness to 112.49 in Australian morning following Friday's intra-day rally to 112.75 in New York morning due to broad-based usd's strength on renewed market optimism of a U.S. tax overhaul, renewed buying emerged n sent dlr to 112.83 in Asian morning partly on rebound in U.S. yields.
Price pared intra-day gain and retreated to 112.59/60 ahead of Tokyo lunch break as the greenback also edged lower broadly on profit taking.

Looks like rebound from 112.03 (Friday) has made a temp. high and range trading is in store until European open, anticipated usd's strength suggests buying dlr on dips is still favoured.
Bid are noted at 112.55-50 with stop below 112.30.
Offers are tipped at 112.80/90 and more above with stops above 113.00.

U.S. eco. calendar is very thin with NAHB housig market index being the only data due out.
Anyway, market attention is solely on U.S. tax bill which will go through a Senate vote possibly on Tuesday.
So for now, technical trading n U.S. yields will have a direct influence on intra-day price swings.

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

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

USD/JPY - 112.60.. Dlr maintains a steady to firm undertone in subdued Asian trading after yesterday's roller-coaster swings.

Despite extending Mon's intra-day fall from 112.83 (Asia) to 112.31 in New York morning on USD's broad-based retreat, the greenback met renewed buying on rising U.S. yields and rebounded to 112.61 in New York afternoon, then marginally higher to 112.67 in Tokyo, suggesting consolidation with upside bias is seen.

Bids are noted at 112.40-30 with stops below there.
Ofers are tipped at 112.75/85 with stops reported above 112.90.
Traders are keeping their powder dry as U.S. tax bill will get its vote at the House of Representatives later today and then the Senate tomorrow.

U.S. will release trade balance, building permits, housing starts and Redbook retails sales.

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AceTraderFx Dec 20: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1843.. The single currency maintains a firm undertone in subdued Asian trading after yesterday's erratic rise from 1.1777 (Asia) to 1.1849 in New York afternoon.

The main driver of yesterday's gain was a sharp rise in German bonds yields after German Finance Ministry said it plans to borrow more money on capital markets in 2018, causing 30-year Bond yields rose nearly 9 b.p. to 1.20%.

Intra-day firmness suggests re-test of last week's 1.1863 high is on the cards where a break there would bode well for recent upmove to head towards 1.1900.
Bids have been raised to 1.1830-20 and more below with stops below 1.1800. More buying interest is reported below with stops touted below 1.1770.
Offers are tipped at 1.1850/60 with stops above 1.1865/70.

On the eco. data front, Germany will release PPI, then EU's current account data. Buba President and ECB Board member Weidmann is scheduled to speak at 13:00GMT in Milan.

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